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Bill Payer Alternatives:

Bill Payer Alternatives:. MUG 2013 User Panel. (ACH Origination). ACH Origination. Wayne Savings Community Bank:. Established 1899 as the Wayne Building and Loan Company 1964 Wayne Savings and Loan Company 1997 Wayne Savings Community Bank 1993 Converted to Stock form of Ownership

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Bill Payer Alternatives:

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  1. Bill Payer Alternatives: MUG 2013 User Panel (ACH Origination)

  2. ACH Origination Wayne Savings Community Bank: • Established 1899 as the Wayne Building and Loan Company • 1964 Wayne Savings and Loan Company • 1997 Wayne Savings Community Bank • 1993 Converted to Stock form of Ownership • NASDAQ WAYN • Corporate Office in Wooster, Ohio • 405 Million in Assets • 12 Branches – 116 Employees • In House Customer – 9 Years with MISER

  3. ACH Origination Bank Initiatives: • Retain “Community” Ideals and Level of Service • Stability • Safety and Soundness • Community-Minded • …At the Same Time… • Shed the “Traditional Thrift” Label • Expand Commercial-based Products & Services • Appeal to Gen X, Y Customers • Focus on Technology for Accessibility / Efficiency

  4. ACH Origination Discussion Topics: • Bill Pay-Per-View: METAVANTE vs. WAYNE SAVINGS • Core Workout: MISER’s 3rd Party Origination Programs • How to Score This Round: Unanimous Split Decision • Questions

  5. ACH Origination / Bill Pay-Per-View METAVANTE vs. WAYNE SAVINGS • Pays Non-Sufficient Funds • Polices Own Clients • ACH or Check Payments • Automatic Payment Options • Reminder Alerts • User Notes • Viewable eBill Integration • Ad Hoc Reporting / EOY CD • Cheaper Service to Maintain • Account Analysis Friendly • NSF Fee Income • AP Software Compatible • Batch (en masse) Payments • Risk Management Tools • Financial Institution • Originating Company

  6. ACH Origination / Bill Pay-Per-View Other Bus. Bill Pay Considerations: • Number of Online Business Banking Customers – LOW • Initial Setup Cost to Implement Bill Pay – HIGH • Existing Bill Pay Solution (Consumer) – AVAILABLE • Potential Alternative (ACH Origination) – PRESENT • Pressure from Current Business Customers - GROWING

  7. ACH Origination / Core Workout MISER’s 3rd Party Origination: • 3rd Party Master (TPM) • Master Record for Company • 3rd Party Company (TPC) • Risk Management Processing • Standard Entry Class (SEC) Code Limits • 3rd Party Redeposit (TPR) • 3rd Party Suspect (TPS) • 3rd Party Totals History (TPMOT) + (TPMRT)

  8. ACH Origination / Core Workout Our ACH Origination Process: • Download 3rd Party ACH Files – Business Online Banking • Change File ID = H • Start WFL/001/3rdPARTYIN • TWR016 – ACH Splitter Program • TWD001 – Online ACH File Edit and Entry Program • TWD002 – Online ACH Posting Program • Start WFL/001/3rdPARTYOUT • TWD007 – Online ACH 3rd Party Processing Program • TWR009 – 3rd Party NOC and Returned Items Advices • TWR010 – ACH Exception Advice Print Program • Send ACH File via Fedline Advantage (File ID = B)

  9. ACH Origination / How to Score This Round Straight ACH Example:

  10. ACH Origination / How to Score This Round Addenda Record Example: If I choose to pay by ACH Credit, what information must I provide to ensure that my account is properly credited? When formatting your ACH Credit payment, you must include your Tax Registration Certificate number (Taxpayer Account Number) in the ACH addenda record. Use the following format (example shown here): 000123456-0001-0-201201M-U004 In this example, 000123456-0001-0 is the account number, 201201M is the tax period and type (the first month of 2012), and the fund/class is U004.

  11. ACH Origination / How to Score This Round EDI Invoice Example: • 001 WAYNE SAVINGS BANK EDI TRANSACTIONS EXTRACTED TWD001 REPORT 04/15/13 RUN 04/15/13 PAGE 1 • VERSION: 12.2.01 UPDATE TIME:07:45:10 • RECEIVING POINT 2412-7204-0 WAYNE SAVINGS COMMUNITY SENDING POINT 7930-0013-4 ASF APPLICATION SUPERVI DATE 130412 TIME 20:17 ID D • COMPANY NAME: 1CHAIRSRUS SERVICE CLASS : 200 EFF DATE: 130414 BATCH ID NBR: 54 • COMPANY ID : 1122332814 STD ENTRY CLASS: CTX SETT DATE: 105 WH SEQ NBR : 12146272 • ENTRY DESC : EDI DISB. DISCRTNARY DATA: DESC DATE: ORIG NBR : 0430-0009 • TRACE NUMBER SEQ NBR TC TRAN/ROUT# ACCOUNT NUMBER INDIV ID NUMBER #ADN/INDIVIDUAL NAME DP A AMOUNT • ----------------- -------- -- ---------- ----------------- --------------- ---------------------- -- - ----------- • 0430-0009-2409604 12146273 22 24127204-0 8020123456 076543 0007 TABLETOP 1 471.13 • *ADDENDA: 705ISA*00* *00* *08*9251251000 *01*043000096820 *130412*17000012409604 • *ADDENDA: 7050*U*00401*000010855*0*P*>\GS*RA*4124874200*043000077820*20130412*1700*3417*X*00400022409604 • *ADDENDA: 705010\ST*820*000000394\BPR*C*471.13*C*ACH*CTX*01*043301627*DA*1013636459*12518728100032409604 • *ADDENDA: 7054**01*241272040*DA*8020123456*20130414*VEN\TRN*1*068082\CUR*2L*USD*0001*PE*USD\R00042409604 • *ADDENDA: 705EF*IT*062782\DTM*097*20130412\N1*PR*1CHAIRSRUS\N1*PE*TABLETOP*FI*34-2233445\N3*900052409604 • *ADDENDA: 70547 DEVILLE RD\N4*WADSWORTH*OH*44281*USA\ENT*1\RMR*OI*71623**471.13\REF*FR*89903300062409604 • *ADDENDA: 705-6\DTM*003*20130211\SE*15*000000394\GE*1*3417\IEA*1*000010835\ 00072409604 • *** BATCH ID NBR *** TOT ENTRY/ADDENDA TOT DEBITS TOT DEBIT AMT TOT CREDITS TOT CREDIT AMT • 54 8 .00 1 471.13 • *** FILE TOTALS *** TOT ENTRY/ADDENDA TOT DEBITS TOT DEBIT AMT TOT CREDITS TOT CREDIT AMT • 8 .00 1 471.13

  12. ACH Origination / Questions Questions? Acceptance Level of ACH Payments? Standard Method to Convey Billing Information? Thank You! Jeff King - Information Systems Manager jeffking@waynesavings.com 330-287-2801

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