This document summarizes cash management and treasury solutions for the real estate industry presented by Bernadette Knight and Lyndie Fasold. It outlines challenges faced by real estate companies, such as managing bank accounts and tenant collections. It then describes Citibank's cash management products and solutions, including lockbox services, remote check deposit, ACH origination, account reconciliation, and security deposit accounts to help address these challenges. The presentation aims to demonstrate how Citibank's treasury management services can help real estate firms minimize risk, maximize returns, and increase operational efficiency.
This is a one-stop presentation that carries the range of services that GramIT, the rural BPO is capable of delivering. You\'ll find it very interesting and compelling. If you have any business that you can offload to GramIT, please do it!!! Do buzz me
As you utilize DocuSign for SugarCRM across your business and take advantage of your electronic signature capabilities:
- Sales will be able to close deals faster
- HR can bring on top talent quicker
- Finance can accelerate speed to revenue
- Procurement can lock in pricing sooner
This is a one-stop presentation that carries the range of services that GramIT, the rural BPO is capable of delivering. You\'ll find it very interesting and compelling. If you have any business that you can offload to GramIT, please do it!!! Do buzz me
As you utilize DocuSign for SugarCRM across your business and take advantage of your electronic signature capabilities:
- Sales will be able to close deals faster
- HR can bring on top talent quicker
- Finance can accelerate speed to revenue
- Procurement can lock in pricing sooner
Comprehensive Guide to Paperless AccountingBill.com
Despite the benefits of online payments, 75% of all business payments are still made with checks, wasting time and paper. The vast majority of CFOs, 85%, rank moving to paperless accounting is a top concern. Learn about how the cloud is having a profound effect on accountants.
10 Steps To Secure and PCI Compliant Credit Card Processing In Oracle Receiva...amadhireddy
With the recent tightening of credit markets, companies are increasingly moving toward credit cards as the preferred receipt method. This helps companies transfer substantial part of credit risk to card issuer. However, processing of credit cards requires compliance with security standards, fraud prevention guidelines and often Purchase Card Industry Guidelines. This session will highlight the 10 things to know while implementing a credit card receipt model and how Oracle helps security and compliance. Learning Objectives: 1. Learn the credit card industry guidelines for security and compliance and industry operating model 2. Know how Oracle stores credit card data and the patches required for advanced security 3.Understand the zero-touch credit card processing features offered by Oracle Receivables and Payments 4.Case Study on how VeriSign Inc integrated its web stores with Oracle Payments and key lessons 5.Learn how Advanced Collections could be integrated with Payments for real-time credit card authorizations.
Informatica for Managing SWIFT Payment IntegrationKim Loughead
Overview of Informatica's solution to help financial services organizations connect and managing global payment data exchange including SWIFT, NACHA, or SEPA messages
Prepaid Banking on Steroids – Managing Massively Scalable Datasets with EaseHPCC Systems
As part of the 2018 HPCC Systems Community Day Event:
DataDriven Approach gives Sutton Bank cutting-edge advantage over other players in the market. An HPCC Systems based platform FinanSeer developed by DataSeers makes smaller regional banks take on larger players in the market with a key advantage in the market space which revolves around speed and accuracy of data handling. HPCC Systems has automated some of the most trivial tasks that’s have haunted the banking industry for many years and has posed serious problems in scaling the business in the prepaid world. Jeff Lewis, SVP of Sutton Bank, will explain how the HPCC Systems Based Solution made them leap ahead of competition and increase their efficiency ten-fold.
Senior management executive with 25 years of progressive experience taking complex technology and related-services to market. Recognized for ability to develop strategies and achieving results in key focus areas in Software as a Service environment. Results-oriented, cross functional team leader adept at quickly coming up to speed on the unique characteristics of any industry. Strong analytical, listening, communication and interpersonal skills. Significant experience in business planning, new market development, customer development, relationship management and strategy presentation in the Payments Market.
Informatica Solution for SWIFT IntegrationKim Loughead
Overview of Informatica's solution for financial services organizations who need to exchange payment data including SWIFT, NACHA, SEPA, FIX, etc. messages with other financial institutions
Cloud-based payment processing ushers in a new era for businesses to accept payment online effortlessly and securely. Gone are the days of clunky hardware and outdated software. Now, businesses can embrace a future of seamless online payments that propel them towards success. Visit us at: https://webpays.com/payment-gateways-europe.html
Comprehensive Guide to Paperless AccountingBill.com
Despite the benefits of online payments, 75% of all business payments are still made with checks, wasting time and paper. The vast majority of CFOs, 85%, rank moving to paperless accounting is a top concern. Learn about how the cloud is having a profound effect on accountants.
10 Steps To Secure and PCI Compliant Credit Card Processing In Oracle Receiva...amadhireddy
With the recent tightening of credit markets, companies are increasingly moving toward credit cards as the preferred receipt method. This helps companies transfer substantial part of credit risk to card issuer. However, processing of credit cards requires compliance with security standards, fraud prevention guidelines and often Purchase Card Industry Guidelines. This session will highlight the 10 things to know while implementing a credit card receipt model and how Oracle helps security and compliance. Learning Objectives: 1. Learn the credit card industry guidelines for security and compliance and industry operating model 2. Know how Oracle stores credit card data and the patches required for advanced security 3.Understand the zero-touch credit card processing features offered by Oracle Receivables and Payments 4.Case Study on how VeriSign Inc integrated its web stores with Oracle Payments and key lessons 5.Learn how Advanced Collections could be integrated with Payments for real-time credit card authorizations.
Informatica for Managing SWIFT Payment IntegrationKim Loughead
Overview of Informatica's solution to help financial services organizations connect and managing global payment data exchange including SWIFT, NACHA, or SEPA messages
Prepaid Banking on Steroids – Managing Massively Scalable Datasets with EaseHPCC Systems
As part of the 2018 HPCC Systems Community Day Event:
DataDriven Approach gives Sutton Bank cutting-edge advantage over other players in the market. An HPCC Systems based platform FinanSeer developed by DataSeers makes smaller regional banks take on larger players in the market with a key advantage in the market space which revolves around speed and accuracy of data handling. HPCC Systems has automated some of the most trivial tasks that’s have haunted the banking industry for many years and has posed serious problems in scaling the business in the prepaid world. Jeff Lewis, SVP of Sutton Bank, will explain how the HPCC Systems Based Solution made them leap ahead of competition and increase their efficiency ten-fold.
Senior management executive with 25 years of progressive experience taking complex technology and related-services to market. Recognized for ability to develop strategies and achieving results in key focus areas in Software as a Service environment. Results-oriented, cross functional team leader adept at quickly coming up to speed on the unique characteristics of any industry. Strong analytical, listening, communication and interpersonal skills. Significant experience in business planning, new market development, customer development, relationship management and strategy presentation in the Payments Market.
Informatica Solution for SWIFT IntegrationKim Loughead
Overview of Informatica's solution for financial services organizations who need to exchange payment data including SWIFT, NACHA, SEPA, FIX, etc. messages with other financial institutions
Cloud-based payment processing ushers in a new era for businesses to accept payment online effortlessly and securely. Gone are the days of clunky hardware and outdated software. Now, businesses can embrace a future of seamless online payments that propel them towards success. Visit us at: https://webpays.com/payment-gateways-europe.html
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
1. Cash Management Solutions for the
Real Estate Industry
Presented by:
Bernadette Knight, Treasury Product Sales Manager, SVP
Lyndie Fasold, Treasury Product Consultant, VP
INVESTMENT AND INSURANCE PRODUCTS: NOT A DEPOSIT • NOT FDIC INSURED • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY • NO BANK GUARANTEE • MAY LOSE VALUE
2. Agenda
• Introduction
• Challenges of the Real Estate Industry
• Cash Management Solutions & Flow
• Cash Management Product Offerings for Real Estate Industry
• Questions & Answers
Place prospect’s logo
in Slide Master 2
3. Challenges of the Real Estate Industry
Managing information on bank accounts
Collections from tenants
Streamlining the payment process
Bank account reconciliation
Safeguarding bank accounts
Segregation and reporting of tenant funds
Place prospect’s logo
in Slide Master 3
4. Treasury Cash Management Solutions
Work with clients to help manage the complexity of today’s business environment
through the development of credit and cash management solutions that are designed to:
• Minimize Risk
• Maximize Returns
• Increase Operational Efficiency
Regardless of your company’s technology level, financial institutions offer a suite of
solutions for each step of the way.
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in Slide Master 4
5. Cash Management Flow
Include customized summary
Investments
Check Check
Collection Disbursements
Lockbox
Mail
Deposit
ACH ACH
File
Manual
Wire Wire
Domestic Borrowings
International
Electronic Banking
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in Slide Master 5
6. Electronic Banking
The power of information is delivered via Online Banking
Accurate, real-time account information reporting daily
Virtual Access via the Internet
Convenience, available 24/7 - when and where you
need it
Constantly reviewed and updated security features
Information Reporting
- Reporting of Account Balances and Transaction Details
- Notification of Same Day Account Activity
(Wires and ACH)
- Positive Pay Exception Report (Fraud
Prevention Tool)
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in Slide Master 6
7. Electronic Banking
The power of information is delivered via Online Banking
Transaction Initiation
- ACH Origination
- Foreign and Domestic Wire
Transfer Initiation
Additional Modules
- Transaction History Retention
- Bill Payment Capability
- Various Transaction and Cash
Management Reports
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in Slide Master 7
8. Electronic Banking
Payment Services
Funds Transfers - Domestic Automated Clearing House (ACH) Services
Manage time critical payments with confidence Cost effective payments with next day
• Same day availability availability
• Initiate with ease via the Internet • Reduce cost and float vs. paper remittances
• Move domestic and international funds through • Convenient and secured delivery channels
a single sign-on via the Internet or direct transmission
• Ability to set multiple layers of security available • Various payment applications
• Schedule recurring and future-dated domestic – Direct deposit of payroll
wire transfers – Vendor payments
Funds Transfer - International – Expense reimbursement
– Pension / dividend / commission
• Issue payments in over 90 currencies payments
• Real time online foreign currency exchange
quotations
• Array of Applications include:
– International employee compensation
– Commercial payments
– Overseas expenses
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in Slide Master 8
9. Electronic Banking
Control / Fraud Prevention
Two-Factor Token Authentication at sign-on
In addition to entering a user ID and password, users enter a token generated password during sign-on
and when processing certain financial transactions.
128-bit SSL Encryption
Account / User Administration
System administration capabilities including “Tiered” system administration to allow assigning one of six
levels of authority to designated administrators; Maker-Checker capability is also available for
administrative transactions
System administration audit report & user entitlement report
Account / User Administration – Business Settings
Tailor system time out period
Set and adjust password expiration period for business
Wire Transfer / Transfer Approvals & Models
• Multiple approval levels possible to segregate transaction initiation/release authority
• Wire models available
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in Slide Master 9
10. Collections - Lockbox Overview
Lockbox Services are ideal for companies looking to accelerate and automate
the receivables process.
Nationwide hub with strategic sites
– Los Angeles, CA
– Dallas, TX
– Chicago, IL
– New Castle, DE
– Uniondale, NY
24/7 operation at all sites processing over 40 million payments per month
Use of unique zip codes to maximize cash flows
Use of advanced, image-based processing platform
– Reduce collection float
– Provide timely and accurate
information of receivables
Uniondale, NY
Check & invoice data capture Chicago, IL
for upload into A/R system New Castle, DE
Los Angeles, CA
Near real-time internet access
to checks & remittance information Dallas,TX
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in Slide Master 10
11. Collections - Lockbox Overview
How Does Lockbox Work?
Payment mailed USPS Courier Pick-up LBX Processing Facility
• Dispatch
• Data transmission
• Integration with other A/R
• Images via CD-Rom
Data delivery to Customer Data is consolidated
And into the payment
system for collection
Checks go to the transit process
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in Slide Master 11
12. Collections - Lockbox Overview
Key Features Benefits
Imaging technology Maximized funds availability
– Front and back view of checks, coupons – Reduced mail, processing and
and wholesale remittance documents, availability float
including invoices and correspondence, – Accelerated check clearing
and envelopes – Multiple daily deposits
– Online images available next day
Simultaneous access to multiple users Optimized mail collection
– Images of critical documents provided to – Up to 11 post office pickups daily
multiple users within your company – Unique five-digit zip code reduces sorting
simultaneously via CitiBusiness Online time at post office
– High-speed sorters read and automatically
Seven-year archive sort to the box level
– Transactions available online immediately
for 90 days
– Transactions aged over 90 days are
available within four to eight hours of query
– Variable online image retention option is
available for up to 120 days
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in Slide Master 12
13. Collections - Remote Check Deposit
Remote Check Deposit * is a fast, reliable way to take advantage of all Check 21 has to offer – the
convenience and security of making image-enabled deposits directly into your Citibank account without ever
leaving your office
Benefits
• Efficient – Significantly speeds collections and eliminates the photocopying or microfilming
involved in preparing checks for deposit
• Convenient – Virtually removes all geographic limitations and extends same day deposit
window with cut-off times to 8:00 pm local time
• Streamlined – Consolidates deposits, decreases clearing times and provides faster
notification of returned items.
• Cost Effective – Virtually eliminates trips to the branch, courier expenses and mail float, as
well as reduces account and deposit adjustment fees.
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in Slide Master 13
14. Collections - Remote Check Deposit
Remote Check Deposit (RCD) Overview
How Does RCD Work?
1. Connect a piece of hardware called a check Things to Consider:
scanner to your desktop/laptop, similar to • Maximum items per deposit patch –
connecting a printer. 300 Items
• One scanner to one PC
• Need to develop a process
2. Scan checks to manage and maintain
original checks
3. View images online via an internet base application
4. Approve, adjust, rescan as necessary
5. Transmit images for deposit
• One/many locations can deposit to one/many accounts
• Unreadable images will not be accepted for image deposit
• Variable “maker/checker” options
• No direct access to deposit account
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in Slide Master 14
15. Collections - Remote Check Deposit
Substitute Check (IRD)
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in Slide Master 15
16. Collections/Payments - ACH Origination
ACH transactions are electronic, value-dated debits or credits that are exchanged among
participants. The Automated Clearing House Network can reach virtually every financial institution in the
United States.
Citibank is a leader in providing ACH Origination Services, regularly ranking among the top
providers in volume according to rankings published by the National Automated Clearing House
Association (NACHA). In 2008, Citibank initiated an average of 10.2 million ACH credits and 60 million
ACH debits monthly carrying a total value of approximately $70 billion USD.
• Files can be initiated online or via direct transmission
• Reduce cost and float vs. paper remittances
• Support for direct debit, payment, tax and direct deposit applications
• Secure options for transaction initiation
• ACH return information is available via electronic banking
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in Slide Master 16
17. Account Reconciliation Services
Reconciliation plans designed to meet your risk management requirements.
LOW RISK HIGH RISK
Positive
Full Pay
Partial
Basic
Basic Reconcilement
• Monthly statements of check issued
Partial Reconcilement
• Detailed information on all checks paid to your account
Full Reconcilement
• Checks are matched against issue file provided by client
Positive Pay
• Checks matched against issue file provided by client
• Discrepancies / exceptions reported to client for payment decision
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in Slide Master 17
18. Account Reconciliation Services & Safeguarding Accounts
Reconcilement Services and Reporting
Basic Reconcilement Service
Paid Check Listing Summary by Transaction Report
Partial Reconcilement Service
Paid Check Listing Duplicate Checks Report Stop Payments on File Report
Summary by Transaction Report Reversal Report Stop Payments Placed Report
Paid Checks Proof of Report Stop Payments Deleted Report
Full Reconcilement Service (All Basic and Partial Reconcilement Reports Plus):
Back-Value Detail Report Paid and Outstanding Checks Report Issuance Listing Report
Proof of Outstanding Report Outstanding Checks Report Paid Without Issuance Report
Positive Pay Service
• Issuance Information received daily or at time of check issuance
• Paid information matched daily: Amount, Check Serial Number and Payee
• Unresolved exceptions reported to customer for “Pay or No Pay” decision
• Key product for reconciliation and fraud protection
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in Slide Master 18
19. Account Reconcilement Services
Sample file upload screen
Sample decision screen
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in Slide Master 19
20. Safeguarding Accounts - ACH Services
Minimize fraud with ACH Blocks & Filters
ACH Debit Block
An ACH Block is a systemic means to force the return of any debit sent via the Automated Clearing House
to a DDA prior to posting of the entry.
• How does it work: Accounts flagged for this service will have all debit entries automatically returned
to the sending bank as "Not Authorized".
ACH Debit Filter
ACH Filter Service is essentially a Block on an Account plus electronic authorization(s) per client
instructions allowing certain Debits to pass on to posting.
• How does it work: An ACH Filter is a systemic means to selectively allow debits to pass into posting
based on predetermined criteria such as sending company ID and maximum dollar amount allowed.
Items that do not pass the criteria will be returned to the sending bank as "Not Authorized".
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in Slide Master 20
21. Security Deposit Accounts
Control tenant funds with ease and confidence
Via an Online platform you can manage tenant funds in segregated accounts
• Maintain Control account in the name of the property and Sub accounts for each
tenant
• Interest credited monthly
• 1099 tax information mailed to Control or Client account holders
• Consolidated Account Statements containing the Control and all linked Client
accounts are mailed to Control account mailing address
• Online sub account opening
• No fee or service charge
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in Slide Master 21
22. Thank You!
Bernadette Knight – 718.248.3092 Bernadette.Knight@citi.com
Lyndie Fasold – 203.975.6122 Lyndie.Fasold@citi.com
Place prospect’s logo
in Slide Master 22