Addendum 1- Banking Services.pdf

The document is an addendum related to an RFP for Banking, Merchant, and Commercial Card Services issued by the Port of Everett. It includes modifications to the original proposal documents, outlines the preferred contract term, details on banking services procedures, current state of banking services including account structures and ACH activity, information on controlled disbursement accounts, positive pay/payee processes, wire transfers, lockbox services, remote deposit processing, merchant services equipment, and commercial card services. The addendum also addresses technical capabilities, existing equipment, software, and gateways, as well as plans for implementing a purchasing card program and ePayables program. Additionally, it mentions the use of electronic bill presentment services through the lockbox provider AFTS.