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and resolve inquiries in one call. <br />Accelerate AR eLockbox <br />Accelerate AR eLockbox eliminates paper checks associated with bill pay payments and allows you to <br />receive electronic funds up to five days faster. With Accelerate AR eLockbox your payers have an <br />opportunity to pay online using theirbank's bill pay site no matter what bank they use. The Bill Pay <br />site collects payment information and sends all payments via ACH instead of converting those <br />payments to paper check and mailing to a lockbox. <br />eLockbox offers you a platform to correct account numbers one time and have subsequent payments <br />to the same account auto-corrected saving you valuable time and people resources. Your payments <br />are received timely allowing AR staff to focus on other, more critical tasks. <br />14.Other Innovations: Propose any new financial services, plans or practices deemed to be in the best <br />interestoftheCitynototherwiseaddressedinthisproposal.Anyfeesfortheseservicestobeincluded <br />in the Fee Proposal section “FutureServices”. <br />Accelerate Pay <br />Simplify all B2B payments and mitigate fraud risk with an intelligent payment solution embedded into <br />your organizational workflow. <br />Synovus Accelerate Pay is a first of its kind payments suite, offering innovative payment functionality <br />beyond traditional integrated payments platforms. This solution provides straight through <br />processing, easy reconcilement, and positive pay fraud mitigation. <br />Accelerate Pay eliminates the burden, time, and risk inherent with managing multiple payment <br />streams, while maximizing control, payment accuracy, and automating payment reconciliation. <br />Organizational Benefits <br />Seamless ERP integration with leading applications <br />Streamlines payment processing and exception management <br />July 12, 2024Page 70 <br />City of Sunny Isles Beach RFP 24-06-01 <br />Banking Services - Synovus Bank Submission <br /> <br />