Identifying Accounts Sample Clauses

Identifying Accounts. U.S. Bank will have two hierarchy options available for the purpose of identifying accounts. Processing Hierarchy The Processing Hierarchy controls may be used within the Access Online system for the purpose of identifying accounts and for account-based reporting. The hierarchy includes bank, agent, company, division and department. Not all organizations use all levels of the processing hierarchy. For example, an organization may choose to use only the bank, agent and company levels, the division and department levels are available but also optional. The Processing Hierarchy contains the following data: ▪ Bank number, four-digit number assigned by U.S. Bank. ▪ Agent number, four-digit number assigned by U.S. Bank. The agent number is the top level of a relationship where the basic templates for cards and statements are determined. ▪ Company number, five-digit number assigned by U.S. Bank. The company number houses client- type specifics where the account information is set, such as billing type and cycle date. ▪ Division number, five-digit number assigned by the Participating State or Purchasing Entity to assist with breaking down the billing invoice. ▪ Department number, four-digit number assigned by the Participating State or Purchasing Entity to assist with further breaking down the billing invoice. An example of the Processing Hierarchy is included below: ▪ Bank (1425): Represents the program, “Purchase Card” ▪ Agent (0202): Represents the Purchasing Entity, such as “Department of Transportation” ▪ Company (12356): Represents the billing level, such as “Unit 256ABC” ▪ Division (45698): Represents additional break down within a single company, sometimes used for reporting or approval levels. This is the code that will be assigned to the Approver’s userprofile. ▪ Department (1001): Defines additional break down needed within division code, for more decentralized organizations with multiple levels of approval or reporting Reporting Hierarchy Reporting Hierarchy is a seven-level hierarchy that can be customized for reporting account-based data. U.S. Bank can work with any State or Purchasing Entity to establish a Reporting Hierarchy upon request. A State or Purchasing Entity may use the Reporting Hierarchy to define their own unique reporting needs for account and transaction-based reporting. The Bank number is defined by U.S. Bank, however, levels 1-7 are defined by the State or Purchasing Entity.