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Approach / Methodology <br />2.Other <br />a. The City has Edmunds & Associates MCSJ financial systems management software <br />package. The successful bank shall demonstrate past experience with integrating <br />with the Edmunds system or a comparable system in the following ways: <br /> <br />i. Electronic processing of Positive Pay files <br />ii. Electronic processing of check reconciliation files <br />iii. Export and import of ACH electronic payment files <br />b. The demonstrated experience must include accepted Edmunds MCSJ accepted file <br />layouts, statement showing banking systems accept standard Edmunds exports, <br />and listing of previous customers using banking services with Edmunds MCSJ <br />system or a comparable system in each instance. <br /> <br />TD Bank has the privilege of being the incumbent service provider for the City. This <br />represents business as usual to the City without any disruption to your daily banking <br />needs. In the event the City wishes to add additional treasury management <br />services, your Relationship Management Team will work closely with you to ensure <br />a smooth and seamless implementation as well as delivering our promise of <br />legendary customer service. <br /> <br />TD Bank can support all financial accounting systems. We have numerous clients <br />in our portfolio for which we have provided customized solutions for unique financial <br />accounting systems and technical requirements. <br /> <br />If required by the City, TD Bank's Implementation Team will bring a solution based <br />approach, and work with the City to meet any system or technical specifications <br />both new and current. <br /> <br />B. Bank Accounts <br /> <br />The City currently maintains one operating account (depository), a secondary merchant <br />account, one money market account and two (2) zero balance (ZBA) accounts. <br />1. Operating Account <br /> <br />a. This account is used for check and cash deposits and other activity to include, <br />but not limited to, incoming and outgoing wire transfers, incoming and outgoing <br />ACH transactions, and other electronic credits and debits. It’s also used for any <br />return item charge backs. This is the main account to which the zero balance <br />accounts are linked. <br /> <br />b. The proposer will provide the interest rate offer for this account as well as <br />discuss any other options to gain a higher yield with limitations governing those <br />options such as maximum monthly withdrawals, minimum balances to be <br />maintained, etc. <br /> <br />Proposed by: TD Bank, N.A.Page 23 <br /> <br />