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.

A card issued by a financial institution allowing the cardholder to  purchases goods or services, or withdraw money from their account.  When the cardholder makes a purchase or a withdrawal the funds are immediately deducted from their available bank account balance.  Debit card issuers partner with major credit card companies, such as Visa and Mastercard, to allow cardholders to use their debit cards at all locations where credit cards of that brand are accepted.

A payment card issued by a financial institution that allows cardholders to borrow money to make purchases of goods or services with the understanding that the cardholder will repay the borrowed amount within a specified timefrane, along with any applicable charges and fees.

The acceptance and/or disbursement by state agencies of state funds and/or information via online platforms or over the internet.

The Interagency Bank Account in Workday represents a clearing account used to facilitate: 
1. The transfer of treasury cash between state agencies, or 
2. The transfer of treasury cash between funds within the same agency.