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. 

Lockbox services are a payment processing solution where an agency's customers send payments to a dedicated post office box (the "lockbox") managed by a bank or third-party processor. The bank or processor then collects, processes, and deposits these payments into the agency's account, streamlining the payment cycle and accelerating the availability of funds to the state.

A cost/benefit analysis of a state agency’s proposed electronic payment 
acceptance and/or disbursement project that should demonstrate the economic feasibility (net benefit) of the proposed project. RCW 43.41.180 authorizes OFM to approve the electronic transfer of funds when economically feasible, and the EFS is the way the impact to the state is documented.

An application is economically feasible when, over a reasonable period of time, the application's cumulative benefits outweigh or are equivalent to the application's cumulative costs.

A card issued to a card custodian or cardholder for the purpose of making authorized purchases of goods or services on credit on behalf of the agency.