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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 /> MASTER PAYMENT PROCESSING SERVICES AGREEMENT <br /> This Master Payment Processing Services Agreement("Agreement')is made and entered into this 1st day of <br /> April,2021("Effective Date')between City of Decatur("Client"),an Illinois Corporation having its principal office at 1 Gary <br /> K Anderson Plaza, Decatur,IL.,62523,and FirsTech,Inc. ("FirsTech"),an Illinois corporation having its principal office at <br /> 130 North Water, Decatur,Illinois 62523. <br /> Client has consumers ("Customers") who are required to make payments to Client on a periodic basis ("Bill <br /> Payments'J. Client requires an efficient system to allow Customers to make Bill Payments via varying front-end <br /> inputs owned and serviced by FirsTech or third-party providers engaged by FirsTech. FirsTech will provide payment <br /> processing services including the intake, validation, reporting functionality and remittance activity for Customer <br /> Payment Data. Each Services Schedule will be effective as of the latest date in the signature block thereon and will <br /> terminate upon termination or expiration of the Agreement. <br /> The scope of this agreement includes payment services for any or all of the following payment categories: <br /> • Lockbox Payments—as detailed in a Lockbox Payments Services Schedule <br /> • EBPP Platform—as detailed in an EBPP(Electronic Bill Presentment and Payment)Platform Services Schedule <br /> • Mobile Bill Payments—as detailed in a Mobile Bill Payments Services Schedule <br /> • Online Bill Payments—as detailed in an Online Bill Payments Services Schedule <br /> • CSR Payments—as detailed in a CSR Bill Payments Services Schedule <br /> • eLockbox Payments—as detailed in an eLockbox Payments Services Schedule <br /> • IVR Payments—as detailed in an IVR Payments Services Schedule <br /> • Walk-In Payments—as detailed in a Walk-In Payments Services Schedule <br /> • Other Payments—as detailed in an Other Payments Services Schedule <br /> By signing and attaching any of the above addenda, FirsTech and Client agree that the services described in each <br /> such Services Schedule will be Services for purposes of this Agreement and that each such Services Schedule will <br /> be incorporated by reference into this Agreement. <br /> In consideration of the mutual obligations in this Agreement,Client and FirsTech agree as follows: <br /> 1. DEFINITIONS. <br /> Capitalized, but otherwise undefined terms herein,will have the following meanings: <br /> 1.1. ACH(Automated Clearinghouse)Transfer. A method by which Customer Payment Funds are moved from <br /> one bank account to another. <br /> 1.2. Affiliate.With respect to a party,a person or entity that directly or indirectly,through one or more <br /> intermediaries,controls, is controlled by,or is under common control with such party,where"control"means the <br /> direct or indirect ownership of 50%or more of the equity or voting rights in such person or entity from time to <br /> time. <br /> 1.3. Banking Day. Monday through Friday each week of the year except banking holidays as determined by the <br /> Federal Reserve System. <br /> 1.4. Client's Bank Account. The bank account specified by Client to receive Client's Customer Payments and <br /> Return Items. <br /> 1.5. Confidential Information. Financial information, budgets,Customer information(including,but not limited to <br /> Customer Payment Data),terms,conditions and pricing of contracts, intellectual property, specifications, <br /> drawings, models,technical and business data and plans,works of authorship and other creative works,ideas, <br /> computer programming including,but not limited to object code and source code,customized Payment System <br /> applications, knowledge and know-how maintained in confidence in any media,written(or other tangible form) <br /> or oral, in whole or in part,either non-public or proprietary in nature,concerning either party or their respective <br /> businesses whether or not marked or identified as confidential. Confidential information also includes any <br /> information that a reasonable person would understand to be confidential or proprietary under the <br /> circumstances. <br /> 1.6. Customer. Has the meaning described in the above introductory paragraph. <br /> CORE/3000582.0002/162516991.5 <br />
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