Res 2010-078 - Laserfiche WebLink

Home Browse Search

RFA 210 -006 ■ Review and resolve exception items They have automated tools that will inspect the quality of check images and will do more extensive checks for duplicate items. If an item fails the image inspection, you will be notified via e -mail. We will debit your account for an adjustment and you will need to deposit the original item. Bank -by -Mail can be used if there is no Wells Fargo branch nearby. 6. What options does the City have in scanners for use with the process? Is this equipment available through the contract? List the equipment required along with its approximate cost(s). We require the use of the Panini scanner purchased or leased from us. It is a batch feed scanner and can process either 50 or 75 documents per minute. Wells Fargo did extensive testing on all scanners and determined that the Panini scanner was the best available scanner in connection with our services at this particular volume. We purchased 25,000 for use behind our teller lines. We are offering our customers a very competitive price as a result of this bulk purchase. We will provide the City initial scanner at zero cost. Any additional scanners will be provided at a 20% discount. for Scanner Models and specifications as well as Pricing details. E. NON SUFFICIENT FUNDS PROCESSING ( "NSF") NSF checks paid to the City are to be re- deposited for collection twice. Complete information will be provided on all NSF returned items including name of the presenter and reason for return. All returned checks from the City's accounts will be returned to the City in physical or electronic form. The City will explore the option of the second presentment being made by ACH (Representation of Checks "RCK ") in order to target dates for maximum collection potential. Provide the following information: 1. Describe the applicant's current NSF process. When a check deposited by the City is returned for non - sufficient funds, simply re- depositing the check is often all that is necessary to collect the funds owed. Therefore, Wells Fargo provides ways to ensure that returned items can be automatically re- deposited without any involvement by your staff. At Wells Fargo, we offer two services to automatically redeposit checks: Standard Redeposit Service and Electronic Returns. Electronic Returns (RCK) converts paper returns into Automated Clearing House (ACH) debit entries. The higher collection rates mean lower manual collections costs. Additional features and benefits of Electronic Returns are: