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R2021-35 Resolution Authorizing Payment Processing Service Agreement with FirsTech, Inc., a Wholly Owned Subsidiary of Busey Bank
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R2021-35 Resolution Authorizing Payment Processing Service Agreement with FirsTech, Inc., a Wholly Owned Subsidiary of Busey Bank
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Last modified
3/24/2022 9:16:52 AM
Creation date
3/17/2021 9:37:19 AM
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Resolution/Ordinance
Res Ord Num
R2021-35
Res Ord Title
R2021-35 Resolution Authorizing Payment Processing Service Agreement with FirsTech, Inc., a Wholly Owned Subsidiary of Busey Bank
Department
Finance
Approved Date
3/15/2021
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firstech <br /> IVR Payments Services Schedule <br /> This Services Schedule(the"Services Schedule'j,dated April 1st, 2021,is by and between Cly of Decatur("Client's and <br /> FirsTech,Inc. ("FirsTech'I,and is an extension of the Master Payment Processing Services Agreement(the"Agreement') <br /> between Client and FirsTech dated April 1s�,2021, pursuant to which FirsTech agreed to provide payment processing and <br /> related services for Client's customers. The terms of this Services Schedule will prevail over the terms of the Agreement in <br /> the event of any conflict between them. This Services Schedule shall be effective as of the latest date in the signature <br /> block below and will terminate upon termination or expiration of the Agreement. <br /> 1. Services. FirsTech will accept and process Client's customer payments via FirsTech's Interactive Voice <br /> Response("IVR System'j portal. <br /> 2. Service Fees. Client's customers shall be assessed a fee for each transaction,which will be Service <br /> fees under the Agreement, in accordance with the following fee schedule: <br /> IVR Per Transaction Charges: Pass Through Authorized User Fees <br /> 2.75%of <br /> Visa, MC, Discover Per Transaction transaction Yes <br /> ACH Per Transaction $0.30 Yes <br /> IVR Other Charges <br /> Monthly Minimum $0.00 <br /> Per Return Item $4.50 Yes <br /> Per Minute Charge $0.00 <br /> Per Chargeback $25.00 Yes <br /> FirsTech will invoice Client each month for returned items and chargeback transactions in accordance with this addendum. <br /> Subsequent to the initial development and implementation Services hereunder, programming changes, including but not <br /> limited to planning,development and testing,which are requested by Client will be charged at the all-inclusive rate of <br /> $140.00 per hour. <br /> The parties hereto have caused this Services Schedule to be executed by their duly authorized representatives. <br /> CITY OF DECATUR FIRSTECH,INC. <br /> Scot Wrighton <br /> 0 V) C-1 <br /> Name(printed) Name(printed) <br /> ckt�A� <br /> Signature Signature <br /> City Manager <br /> Title Title-7 <br /> March 16, 2021 <br /> Date Date <br /> IVR Payments Services Schedule -1- <br />
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