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<p class="MsoNormal"><b><span style="font-size:23.0pt;font-family:"Arial",sans-serif;color:#003C61;mso-ligatures:standardcontextual">Project Overview</span></b><b><span style="font-size:16.0pt;font-family:"Arial",sans-serif;color:#003C61;mso-ligatures:standardcontextual"><o:p></o:p></span></b></p>
<p class="MsoNormal"><!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" o:preferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f">
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</v:shapetype><v:shape id="Picture_x0020_7" o:spid="_x0000_s1026" type="#_x0000_t75" style='position:absolute;margin-left:-36pt;margin-top:-26.45pt;width:65.35pt;height:1in;z-index:251659264;visibility:visible;mso-wrap-style:square;mso-width-percent:0;mso-height-percent:0;mso-wrap-distance-left:0;mso-wrap-distance-top:0;mso-wrap-distance-right:9pt;mso-wrap-distance-bottom:0;mso-position-horizontal:absolute;mso-position-horizontal-relative:text;mso-position-vertical:absolute;mso-position-vertical-relative:text;mso-width-percent:0;mso-height-percent:0;mso-width-relative:page;mso-height-relative:page'>
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</v:shape><![endif]--><![if !vml]><img width="87" height="96" style="width:.9097in;height:1.0in" src="cid:image004.png@01D9AB38.ECE81010" align="left" hspace="6" style="margin-left:-6px;margin-right:6px" v:shapes="Picture_x0020_7"><![endif]><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual">Treasury’s
Electronic Funds Transfer (EFT) Business Systems Renewal (BSR) project is transforming both how Treasury internally operates ACH, wire transfer, and book transfer services and how we deliver those services to our customers. Treasury has partnered with KeyBank
to deliver ACH and wire transfer services while internally developing a solution to deliver book transfer services. The new service delivery models are streamlining processing while reducing risk and enhancing service to our customers.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Arial",sans-serif;color:#003C61;mso-ligatures:standardcontextual">Phase 1 and 2 Activities<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual">In Phase 1 of the project, Treasury transitioned domestic wire origination services to KeyBank in January 2020. As Phase 2 wraps up, all Treasury
customers have transitioned to KeyBank for ACH services and received wire transfers. This means all ACH origination now flows through KeyBank while customers are working to redirect received ACH transactions to KeyBank by sharing updated payment instructions
with payors. Treasury will continue to support legacy processes for received ACH transactions until later this year.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Arial",sans-serif;color:#003C61;mso-ligatures:standardcontextual">Phase 3 Activities<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual">Phase 3 of the project will see the replacement of STAN Online to support book transfer services. Treasury recently began development of the new
system and will soon reach out to customers currently using STAN Online to identify contacts for this final phase of the project.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Arial",sans-serif;color:#003C61;mso-ligatures:standardcontextual">Upcoming Impacts<o:p></o:p></span></b></p>
<ul style="margin-top:0in" type="disc">
<li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level1 lfo3"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual">As of July 1, Treasury will resume billing customers for all ACH activity (charges for July
activity will post to your Treasury account at August month-end)<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level1 lfo3"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual">Operational support of ACH activities will soon transition from project staff to Banking
Operations—watch for updated contact information and instructions plus new tools and support materials<o:p></o:p></span></li><li class="MsoListParagraph" style="margin-left:0in;mso-list:l0 level1 lfo3"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual">Treasury customers should continue to share updated payment instructions with payors to
redirect received ACH transactions to KeyBank before Treasury discontinues support of legacy processes by the end of 2023 (we will soon collaborate with individual customers about specific timing and transition steps)<o:p></o:p></span></li></ul>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:16.0pt;font-family:"Arial",sans-serif;color:#003C61;mso-ligatures:standardcontextual">Have Questions?<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual">Contact project staff at
<a href="mailto:EFT.BSR@ost.state.or.us">EFT.BSR@ost.state.or.us</a> with any questions or concerns about the project. Your input helps to ensure the success of the project, and we appreciate your continued engagement.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Georgia",serif"><img border="0" width="323" height="192" style="width:3.3611in;height:2.0in" id="Picture_x0020_4" src="cid:image002.png@01D9AAAB.F2B52E70"></span><span style="font-size:12.0pt;font-family:"Georgia",serif;mso-ligatures:standardcontextual"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#FFCD4C;mso-ligatures:standardcontextual">867 Hawthorne Ave SE<br>
Salem, OR 97301-5241<br>
<br>
<a href="http://omls.oregon.gov/mailman/listinfo/treasury-news"><span style="color:#FFCD4C">Manage Your Subscription or Unsubscribe</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#FFCD4C;mso-ligatures:standardcontextual">503.378.4000<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Arial",sans-serif;color:#FFCD4C;mso-ligatures:standardcontextual"><a href="http://www.oregon.gov/treasury"><span style="color:#FFCD4C;text-decoration:none">oregon.gov/treasury</span></a><o:p></o:p></span></p>
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