IL L INOIS ST AT E T RE ASURE RS OF F ICE Ab o ut T he I - - PowerPoint PPT Presentation

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IL L INOIS ST AT E T RE ASURE RS OF F ICE Ab o ut T he I - - PowerPoint PPT Presentation

Oct 25, 2023 180 likes •454 views

IL L INOIS ST AT E T RE ASURE RS OF F ICE Ab o ut T he I llino is F unds e ate d in 1975 , the first L o c a l Go ve rnme nt I nve stme nt Po o l Cr (L GI P) e sta b lishe d to a llo w c o mmunitie s sta te wide to

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SLIDE 1

IL L INOIS ST AT E T RE ASURE R’S OF F ICE

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SLIDE 2

Ab o ut T he I llino is F unds

  • Cr

e ate d in 1975, the first L

  • c a l Go ve rnme nt I

nve stme nt Po o l (L GI P) e sta b lishe d to a llo w c o mmunitie s sta te wide to inve st the ir mo ne y to g e the r to e a rn g re a te r re turns.

  • T
  • da y, pa rtic ipa nts b e ne fit fro m e c o no mie s o f sc a le o f a $4- 6

billion inve stme nt po o l.

  • T

he F und, no w in its 40th ye a r, ma inta ins a AAAm r

ating b y S&P

Glo b a l Ra ting s, the hig he st ra ting po ssib le fo r a mo ne y ma rke t fund.

2

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SLIDE 3

T he I llino is F unds Be ne fits

  • F

re e purc ha se s, tra nsfe rs, re de mptio ns, a nd o nline a c c o unt a c c e ss

  • Mo nie s inve ste d a re a va ila b le a t a ll time s (inve st o ne da y, re de e m the ne xt)
  • No minimum b a la nc e re q uire me nts
  • Ab ility to a c c e pt c re dit c a rd pa yme nts thro ug h E
  • Pa y se rvic e s
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SLIDE 4

Wha t is E

  • Pa y?
  • E
  • Pa y is a se c ure e le c tro nic pa yme nts pro g ra m o ffe re d to

g o ve rnme nt a g e nc ie s who a re pa rtic ipa nts o f T he I llino is F unds pro g ra m

  • Appro xima te ly 600 pa rtic ipa nts re pre se nting a b o ut 800

a c c o unts

  • I

n 2015, E

  • Pa y pro c e sse d o ve r 9M c re dit/ de b it c a rd tra nsa c tio ns

a nd 350k e -c he c k tra nsa c tio ns wo rth $1.9B

4

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SLIDE 5

Multi-c ha nne l Pa yme nts

Se rvic e fe e o r Ab so rb e d fe e pric ing . F le xib le a nd po we rful so lutio ns. Po int o f Sa le

Spe e d o f lig ht pro c e ssing , so yo u ha ve mo re time fo r mo re tra nsa c tio ns.

I VR

T a ke s c usto me rs ste p-b y-ste p thro ug h the pa yme nt pro c e ss.

Mo b ile

E xpe rie nc e the fre e d o m o f pa yme nts tha t mo ve with yo u.

Cre a te a fully-c usto miza b le pa yme nts pa g e .

E

  • c o mme rc e

Inte g ra te yo ur third pa rty so ftwa re so lutio ns into E

  • Pa y pa yme nts so lutio ns

T hird Pa rty I nte g ra tio ns

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SLIDE 6

Pa yme nt Me tho ds*

6

*Participants may choose an which payment methods they accept.

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SLIDE 7

E

  • Pa y Be ne fits
  • Pric ing Options - o ptio n to pa ss o n pro c e ssing fe e s to yo ur c o nstitue nts o r a b so rb pro c e ssing c o sts
  • E

a se of Proc ure me nt - no c o ntra c t o r re q ue st fo r pro po sa l (RF

P) re q uire d, a nd b e ne fit fro m E

  • Pa y’ s

c o mpe titive pric ing sc he dule

  • Se c urity & Complia nc e -
  • Pa yme nt Ca rd Ind ustry Da ta Se c urity Sta nd a rd s (PCI) va lid a tio n a ssista nc e inc lud e d
  • Co mplia nc e with the L
  • c a l Go ve rnme nt Ac c e pta nc e o f Cre d it Ca rd s Ac t (IL

CS-345) a nd pre va iling c re d it c a rd rule s a nd re g ula tio ns

  • Re porting T
  • ols - a c c e ss to re a l time pa yme nts g a te wa y re po rting to o l
  • Custome r Ca re - a c c e ss to de dic a te d c usto me r suppo rt spe c ia lists
  • T

ra ining - o nsite a nd re mo te tra ining o ptio ns o ffe re d to ne w pa rtic ipa nts

7

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SLIDE 8

E

  • Pa y Online :

Custo miza b le we b site b uilt to yo ur ne e ds:

  • Ho me pa g e will ha ve yo ur b a nne r, lo g o , a nd we lc o me me ssa g e
  • Ab ility to c re a te multiple pa yme nt pa g e s/ pa ya b le s

(i.e . te xtb o o ks, drive rs e d., pro m fe e , e tc .)

  • Hig hly c o nfig ura b le da ta fie ld o ptio ns
  • Sta rt/ Sto p da te s b y pa ya b le
  • Sho pping c a rt func tio na lity

8

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SLIDE 9

E

  • Pa y Online

9

Sta nda rd pa yme nt fo rma t fo r c o nstitue nts to input pa yme nt da ta . Custo miza b le pa yme nt fo rma t use d to c o lle c t a sso c ia te d da ta suc h a s a n a c c o unt numb e r.

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SLIDE 10

E

  • Pa y Online

10

Pa yme nt re vie w pa g e whe re yo ur c o nstitue nt c a n e le c t e ithe r c re dit c a rd o r e le c tro nic c he c k a s fo rm o f pa yme nt.

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SLIDE 11

E

  • Pa y Online

11

Co nfirma tio n pa g e is pro vide d to yo ur c o nstitue nt fo r pro o f o f pa yme nt. T his will a lso b e e ma ile d to the m if the y e nte re d a va lid e ma il a ddre ss. Pro o f o f pa yme nt c a n a lso b e e ma ile d to the E

  • Pa y pa rtic ipa nt if the y o pt fo r

this se rvic e .

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SLIDE 12

E

  • Pa y Mo b ile

12

  • I

nte rfa c e is o ptimize d to wo rk with mo b ile de vic e s (iPho ne , Andro ids, ta b le ts), no ne e d to do wnlo a d a pplic a tio n.

  • Ne a r F

ie ld Co mmunic a tio n (NF C) de vic e s fo r a b so rb ing mo de l o nly. T his a llo ws a c c e pta nc e o f Apple Pa y a nd Andro idPa y, Go o g le Pa y a t POS.

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SLIDE 13

E

  • Pa y Po int-Of-Sa le :
  • Sta nd-a lo ne te rmina l so lutio ns
  • Wire le ss te rmina l so lutio ns
  • K

io sk/ T e rmina l I nte g ra tio ns

  • E
  • c he c k re a de rs

13

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SLIDE 14

E

  • Pa y T

e le pho ne So lutio ns

  • De sig na te d JCODE

numb e r fo r yo ur a g e nc y

  • I

nfo rma tio n po ste d o n E

  • Pa y we b pa g e
  • Custo miza b le sc ripts
  • T
  • uc h-to ne so lutio ns a re a va ila b le to yo ur

c o nstitue nts fro m a nywhe re in the wo rld a t a ny time o f the da y

14

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SLIDE 15

E

  • Pa y T

hird Pa rty I nte g ra tio n:

  • I

nte g ra tio n Me tho ds

  • HT

T P POST

  • F

T P/ Ma nua l Ba la nc e F ile Uplo a d

  • Custo m Re po rt T

e mpla te s a nd De live ry Optio ns

  • So ftwa re / Ha rdwa re I

nte g ra tio n E xa mple s

  • L

OCI S

  • DE

VNE T

  • City o f Urb a na in-ho use we b a pplic a tio n

15

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SLIDE 16
  • Pa yme nts Ga te wa y Re po rts:
  • Hie ra rc hy Re po rting
  • De po sit De ta il
  • Re turns
  • Se a rc h T

ra nsa c tio ns

  • Ad ho c re po rting
  • Auto Da ily re po rting
  • Custo m F

ile Orig ina tio n(CF O) re po rting to o l

  • Cha rg e b a c k re po rting

Re po rting Optio ns

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SLIDE 17

Pa yme nts Ga te wa y Re po rting Po rta l

17

Yo u will ha ve the a b ility to lo g in a nd re vie w re po rts fo r a ll yo ur pa ya b le s.

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SLIDE 18
  • Glo b a l Ac c e ss@ (GA@ )/ My Glo b a l Pa y
  • F

unding a nd b illing re po rts

  • Cha rg e b a c k do c ume nts
  • T

ra nsa c tio n a c tivity

  • Autho riza tio ns
  • Ca pture d tra nsa c tio ns
  • Ba tc h re po rts
  • Me rc ha nt Sta te me nts
  • I

nte rc ha ng e re po rting

  • Cha rg e b a c k re po rting

Re po rting – Ab so rb ing Only

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SLIDE 19

E

  • Pa y Pro c e ssing F

e e Sc he dule

  • Se tup fe e s: POS te rmina ls purc ha se d fro m pro c e sso r
  • Cre dit Ca rd Pro c e ssing F

e e s*:

  • Pa ssing fe e mo de l: Cre dit c a rd tra nsa c tio ns ma y b e a sse sse d a 2.35% se rvic e

fe e with a $1.00 minimum pe r c re dit c a rd tra nsa c tio n o r a $3.95 VI SA de b it fe e fo r ta x pa yme nts o nly.

  • Ab so rb ing fe e mo de l: I

nte rc ha ng e + due s a nd a sse ssme nt + 0.03% + $0.03 pe r c re dit c a rd tra nsa c tio n

  • E
  • Che c k Pro c e ssing F

e e s:

  • Pa ssing
  • $1.00 pro c e ssing fe e
  • $1.22 E
  • Che c k w/ fo rte ve rify (o ptio na l)
  • Ab so rb ing
  • $0.08 pro c e ssing fe e
  • $0.30 E
  • Che c k w/ fo rte ve rify (o ptio na l)

*Interchange fee revenue collected by Issuing bank, Card Network, Processor and Acquiring Bank.

19

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SLIDE 20

E

  • Pa y Custo dia l Ba nk F

e e Sc he dule

E

  • Pa y a c c o unts a t I

llino is Na tio na l Ba nk (I NB) will b e use d so le ly a s a se ttle me nt a c c o unt with funds tra nsfe rre d da ily to yo ur I llino is F unds inve stme nt a c c o unt(s) a t U.S. Ba nk F und Se rvic e s.

  • Optio n 1 - Ac c o unt Ma inte na nc e $10 pe r mo nth with dire c t de b it o r
  • Optio n 2 - Ac c o unt Ma inte na nc e $12 pe r mo nth with invo ic e
  • Cre dits to the a c c o unt - $0.10 pe r ite m
  • E

a rning s Cre dit Ra te 0.17%

  • Ac c o unt Ma inte na nc e Optio ns 1 a nd 2 inc lude o ne o nline b a nking use r.
  • Additio na l use rs a re $5.00 e a c h pe r mo nth.
  • A minimum ta rg e t b a la nc e o f $1,000 sho uld b e ma inta ine d due to e le c tro nic pa yme nt

re ve rsa l de b it ne t se ttle me nt o r c ha rg e b a c k o c c urre nc e s. T he re is no fe e fo r fa lling b e lo w ta rg e t b a la nc e , ho we ve r the re is a $30 NSF fe e fo r fa lling b e lo w $0.

20

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SLIDE 21

Ho w it Wo rks

  • E
  • Pa y tra nsa c tio ns fund to a Pa rtic ipa nt’ s E
  • Pa y se ttle me nt a c c o unt a t I

NB

  • E
  • Pa y se ttle me nt a c c o unts a re linke d to a de sig na te d I

L F unds inve stme nt a c c o unt a t US Ba nk F und Se rvic e s

  • F

unds* a re swe pt da ily fro m I NB to the de sig na te d I L F und inve stme nt a c c o unt(s) a t US Ba nk F und Se rvic e s

  • T

he I L F unds Po rtfo lio Ma na g e r se e ks to o b ta in the hig he st a va ila b le re turn using a utho rize d inve stme nts

  • E
  • Pa y o pe ra tio ns a re funde d, in pa rt, b y I

L F unds inte re st inc o me

  • Mo nie s inve ste d in a n I

L F unds inve stme nt a c c o unt a re a va ila b le a t a ll time (inve st o ne da y, re de e m the ne xt)

*Sweep threshold will be set by Participants, range: $1k-$250k

21

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SLIDE 22

K e y I nitia tive s

  • E

MV tra nsitio n

  • Oc to b e r 1, 2015 Me rc ha nt L

ia b ility Shift

  • Pa yme nt Ca rd I

ndustry Da ta Se c urity Sta nda rd (PCI DSS)Va lida tio n

  • Annua l va lida tio n re q uire d fo r a ny me rc ha nt who a c c e pts c re dit c a rd

pa yme nts

  • Va lida tio n re q uire me nts va ry b a se d o n tra nsa c tio n type , vo lume , me rc ha nt,

e tc .

  • Assistanc e : E
  • Pa y pa rtic ipa nts ha ve a c c e ss to pa rtne r Qua lifie d Se c urity

Asse sso r fo r a ssista nc e in the va lida tio n pro c e ss

22

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SLIDE 23

T ha nk Yo u!

  • Co nta c t Us:
  • 1-866-831-5240
  • www.illino ise pa y.c o m

23

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SLIDE 24

L e g a l Disc lo sure

All info rma tio n c o nta ine d he re in is fo r g e ne ra l info rma tio na l purpo se s o nly a nd sho uld no t b e c o nstrue d a s inve stme nt a dvic e . I t do e s no t c o nstitute a n o ffe r, so lic ita tio n o r re c o mme nda tio n to purc ha se a ny se c urity. Any fina nc ia l o r inve stme nt de c isio n sho uld b e ma de o nly a fte r c o nside ra b le re se a rc h, c o nside ra tio n a nd invo lve me nt with a n e xpe rie nc e d pro fe ssio na l e ng a g e d fo r the spe c ific purpo se . Pa st pe rfo rma nc e is no t a n indic a tio n o f future pe rfo rma nc e . Any fina nc ia l o r inve stme nt de c isio n ma y inc ur lo sse s. Additio na l disc lo sure s c a n b e fo und a t www.illino isfunds.c o m.

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SLIDE 25

APPE NDI X

25

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SLIDE 26

PCI

  • DSS

*Proper network segmentation assumed. This chart is for reference purposes only.

26 SAQ A SAQ A-EP SAQ B SAQ B-IP SAQ C SAQ D-MER Network Scans Penetration Testing Epayillinois.com X Epayillinois.com Integration X IVR - Forte X Forte Terminal Ethernet X X Forte Integrated/Hybrid POS X X X Forte SWP Integration X Forte AGI Integration X X X Global Payments Terminal Dial Up X Global Payments Terminal Ethernet X X Other 3rd Party Integration into Global Payments or Forte

Please see your 3rd Party Provider