Central Bank and the State Treasurer’s Office have worked together to create a more efficient and secure method for depositing funds. We will introduce you to Central Bank’s eDeposit system, demonstrating a new electronic deposit process, availability of customizable, user-defined fields, accurate balancing, user-friendly reports and flexible research capabilities This tool is currently being used by many bank customers and is available to State Agencies depositing funds through the STO and other State Agencies Why Are We Here? 2

How eDeposit Works eDeposit is Central Bank’s name for a process called Remote Deposit Capture; aka remote deposit, corporate capture State of Missouri receives a check for payment of services/fees Using a special scanner, state agency scans the check and captures an image of the check State agency transmits the check image to the bank via a high speed internet connection in an encrypted file 3

How eDeposit Works Bank processes check images in the same manner as if we received the paper checks Original checks are retained for a reasonable period of time; State agency is responsible for safekeeping and properly destroying the checks Customizable, User-defined fields for input are available to each state agency; i.e. document i.d., invoice number, program number; then CSV file of all deposited items, including user-defined fields, can be downloaded to Excel spreadsheet (currently being used by a state agency to reduce steps in their accounts receivable process) 4

1. As with your current deposit process, you will run an adding machine tape to total your check deposit 2. Utilizing the eDeposit scanner, you will scan your items as described later in detail on page 7: “7 Easy Steps to eDeposit” 3. The cut off time for eDeposits is 5:00 pm daily, allowing additional time to complete deposit work 4. You may scan the checks as you post your payments and use the defer option until you are ready to finalize the eDeposit batch. This way you won’t have to scan all the checks at the end of the day. However, you have the option of scanning all checks towards the end of the day 5

5. If your location receives money orders, you will scan the money orders just like the checks. Cash will be handled in the same manner you are currently depositing 6.CSV file download to an Excel spreadsheet available (Currently being utilized by a State Agency to make deposit process more efficient by reducing steps in A/R procedures) 7.Very Important Step! Reconcile your internal system total to the eDeposit total. The total of checks that you entered is conveniently located on the main eDeposit screen. 8.Finalize the eDeposit process. 6

7 Easy Steps to eDeposit Log on to: 1 Put the checks in the scanner and select the “Scanning” button at the bottom of the screen. Login: Enter your User I.D.: Your Personal User I.D. Password: Your Personal Password Select “Capture Deposit” on the left hand side of the screen: a) Enter the amount of the deposit in the “Amount” Field located in the middle of the screen. This amount will be for the whole deposit. b) Click on the “Create Deposit” button next to the “Amount” field

7 Easy Steps to eDeposit After all the checks have been scanned and the deposit is in balance select the “Close” icon at the bottom of the screen. A box will appear titled “Close Batch” with the option to “Defer”, “Release”, or “Delete”. If you are satisfied with your deposit, simply click on “OK”. The Transmission Items screen will come up. To finalize the deposit simply select “Transmit” at the bottom of the screen. ***All deposits received by 5:00 P.M. will be on that day’s business

Things You Should Know Deposits can be entered throughout the day, user simply “defers” the deposit until deposit is complete for the day, then transmit entire deposit If scanned check is returned with a deposit correction, then State Agency will need to manually deposit the item Training - hands-on, at your location, by local team of professionals Parallel implementation available to allow your staff to become comfortable with new procedures, while still using current process Local support available for questions, re-training, etc. 9

Why eDeposit? More efficient deposit method Quicker availability of deposited funds Valuable time saved – no need to stamp/endorse checks – no need to mail/courier checks to the ICMO Later deposit cutoff time (5:00 pm) Local training support and service 10

Why eDeposit? Duplicate check detection Multi-user capabilities Comprehensive Reporting of Deposits Extended search capabilities of deposits and check images CSV Download to Excel spreadsheet to make entire Accounts Receivable process more efficient 11

Next Step? Contact Dave Meyer, Central Bank, at or for a personal eDeposit demonstration or questions Contact Nicole Hackmann, State Treasurer’s Office, at or for questions on deposit 12