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Approach / Methodology 3.Electronic Vendor Payments - The City wishes to implement electronic payments to itsvendorsfortheiroutstandinginvoices.TheProposershallinclude a descriptionof the system and bank’s process used to accommodate this feature, provide an implementation plan to assist the City, provide the associated costs, indicating any requirements and initial and ongoing marketing efforts provided by the bank to encourage sign up by vendors. TD Integrated Payables TD Integrated Payables is a convenient and flexible solution that accepts consolidated payment files in varying formats from the City, separates payments by type (check, wire, and ACH), and then delivers payments to the appropriate applications within the bank for processing. TD’s Integrated Payables solution enables you to leverage your existing A/P system’s ability to generate a payment file for processing by TD Bank. This eliminates the need for you to initiate payments directly through each payment stream (check, wire, or ACH). Your consolidated payments file is securely transferred to TD Bank where your transactions are separated by type and processed through the appropriate payment channels. We’ll provide you with confirmations when your file is received, and as payments are processed. Details of payments processed are also available through our TD eTreasury corporate online banking solution. Banking Supplies The bank will provide all necessary banking supplies, including but not limited to, tamper- proof disposal style deposit bags, deposit slips (two-part carbonless), deposit stamps, coin wrappers and envelopes at no charge to the City. If the bank is unable to provide these items free of charge, a list of any fees assessed for these items must be included in the proposal. The City reserves the right to obtain supplies from a vendor other than the depository bank if supplies are not provided as needed in a timely manner. *Confidential Information TD will provide the City an amount of $500 per calendar year towards its choice ofbanking supplies. Any unused credit will not roll over from year to year. Any additionalsupplies exceeding this amount can be obtained at standard cost. Bank Collateralization of City Funds Deposits are to be collateralized as required by Chapter 280, Florida State Statutes. Each proposing bank shall provide their specific collateralization guidelines, if they vary from the statutory requirements or require additional explanation. TD Bank collateralizes government/public deposits per the requirements of the State of Florida's Public Deposits Security Act – Statute 280. TD Bank is Qualified Public Depository Bank as defined in the statute and abides by all rules and regulations. TD Bank will maintain its QPD status throughout the life of the contract and will collateralize all amounts maintained on deposit by the City. Proposed by: TD Bank, N.A.Page 35