The Foundation Data Model (FDM) in Workday is the state’s chart of accounts.  The Chart of Accounts is a financial organizational tool that provides a complete listing of every code in an accounting system. It is a structured list of all of the codes used to categorize financial transactions and create financial reports. 

Accounts that have cash on deposit in and under the control of the State Treasurer and are disbursed by means of a warrant or electronic means. Treasury accounts are subject to appropriation unless specifically exempted.

Gift cards are typically single-use cards, loaded with a specific amount of money for purchases from a particular store or brand.  These cards are not linked to a bank account.  You can't spend more money than has been loaded onto the gift card.  Gift cards can be disposable or reloadable, but are most often disposable.  Gift cards have a limited usage compared to prepaid cards.

A prepaid, reloadable card issued by an employer to an employee to pay their employee's wages or salary electronically.

Electronic payments such as Paypal, Venmo, and Apple Pay attached to a local bank account. Third party services such as Paypal, Venmo, and Apple Pay violate Public Deposit Protection Commission (PDPC) rules.  Agencies should consult with the Office of the State Treasurer for alternatives using the state merchant services agreement contract.  The only exception is community compensation payments authorized by the Office of Equity.

Accounts not required by law to be within the treasury and not subject to appropriation, but placed in the custody of the state treasurer due to certain circumstances.

An electronic method of transferring money directly from one bank account to another which provides a faster availability of funds to the recipient. It involves sending payment instructions through a secure network, typically SWIFT or Fedwire, to the recipient's bank, which then credits their account.

An electronic payment system in a merchant location where consumers pay for retail goods and services, through the use of credit cards and/or debit cards that directly access and deduct funds from the customer’s bank account.

A type of card that allows you to spend money that has been preloaded onto it in advance.  Unlike a debit card, it is not linked to a bank account.  In most cases, you can't spend more money than you have already loaded onto the prepaid card.  Prepaid cards can be reloadable or disposable, but are most often reloadable.  Prepaid cards have a broader usage than gift cards, which can typically only be used from a particular store or brand.

The use of a scanner and software to capture and transfer an image of a paper check to the bank for deposit. The paper check is stored by the agency for a predetermined amount of time and then destroyed.