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R2013-17 AUTHORIZING CITY MANAGER TO EXECUTE AND ENTER INTO A MASTER PAYMENT PROCESSING AGREEMENT AND ANCILLARY ADDENDUMS
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R2013-17 AUTHORIZING CITY MANAGER TO EXECUTE AND ENTER INTO A MASTER PAYMENT PROCESSING AGREEMENT AND ANCILLARY ADDENDUMS
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8/18/2015 4:22:29 PM
Creation date
8/18/2015 4:22:27 PM
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Resolution/Ordinance
Res Ord Num
R2013-17
Res Ord Title
AUTHORIZING CITY MANAGER TO EXECUTE AND ENTER INTO A MASTER PAYMENT PROCESSING AGREEMENT AND ANCILLARY ADDENDUMS WITH FIRSTTECH, INC.
Department
Finance
Approved Date
2/19/2013
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Addendum B to <br /> Master Payment Processing Services agreement between CITY OF Decatur and FIRSTECH INC. <br /> WALK-IN PAYMENTS PROCESSING <br /> ��/ <br /> This Addendum(the"Addendum', dated_ , is by and between CITY OF Decatur a <br /> corporation, (hereinafter"Client')and FIRSTECH,INC., an Illinois Corporation, (hereinafter"FirsTech'J, and is an <br /> extension of the Payment Processing Services Agreement(the"Agreement'), pursuant to which FirsTech agreed to provide <br /> payment processing and related services for Client's customers. The terms of this Addendum shall prevail over the terms <br /> of the Agreement in the event of any conflict between them. <br /> Whereas, Client hereby designates FirsTech as a "Walk-in Payment Services Provider" for purposes of this <br /> Agreement, and as such, FirsTech has the right to recruit and manage such APA's and collect a fee for such <br /> Services, unless indicated otherwise herein. <br /> 1. Definitions. <br /> a. APA(Authorized Payment Agent). The person(s)or FirsTech recruited by and contracted with <br /> FirsTech to perform the Services. APA's may also perform walk-in bill payment services for other clients <br /> pursuant to separate agreements with FirsTech. <br /> b. APA Bank Account. A bank account in APR's name at a commercial bank that will accept Customer <br /> Payments deposited by APA. <br /> c. APA Commission Fee. Percentage of the Customer Convenience Fee retained by the APA or paid to <br /> the APA per transaction as compensation for the APA's performance of the Remittance Collection <br /> Services as set forth throughout the Agreement. <br /> d. FirsTech Commission Fee. Percentage of the Customer Convenience Fee retained by FirsTech per <br /> transaction as compensation for FirsTech's performance of the Remittance Collection Services as set <br /> forth throughout the Agreement. <br /> e. End Of Day Transmission. A daily consolidated electronic transmission file uploaded to FirsTech at <br /> the time required by FirsTech and Client,containing Customer Payment Data previously balanced by the <br /> APA's. <br /> 2. Terms <br /> a. Services covered under this Addendum shall commence as of the date first set forth above("Effective <br /> Date')and shall continue for an initial term of three(3)years. Thereafter, the contracted services shall <br /> automatically renew for additional one(1)year terms, unless one party gives written notice to the other <br /> party of its intent not to so renew these services at least ninety(90)days prior to the expiration of such <br /> initial term or any such renewal term. <br /> b. In addition to the foregoing,Client may terminate processing under this Addendum for any reason or no <br /> reason, by giving FirsTech at least ninety(90)days prior written notice of same; provided however, if <br /> Client terminates processing under this Addendum for a reason other than breach of contract or default <br /> by FirsTech ("Termination For Convenience'l, Client shall be subject to an early termination penalty <br /> ("Penalty')and shall be calculated as follows: <br /> Effective Termination Date Penalty <br /> as defined below <br /> YEAR ONE OF AGREEMENT $1,000 times the highest# of systems installed in any given <br /> TERM month since Effective Date <br /> YEAR TWO OF AGREEMENT $500 times the highest#of systems installed in any given <br /> TERM month since Effective Date <br /> YEAR THREE OF AGREEMENT $250 times the highest#of systems installed in any given <br /> TERM month since Effective Date <br /> c. The effective date of a Termination of Processing For Convenience shall be the earlier of ninety(90) <br /> days from the day Client gives FirsTech notice of its termination; or the date on which the Services <br /> actually end ("Effective Termination Date'). FirsTech shall invoice Client for the entire Penalty amount <br /> due. Client shall pay such invoice within thirty(30) days of receipt. If invoice is not paid within sixty <br /> (60)days from the date of invoice,the amount due shall be automatically debited by FirsTech from <br /> Master Agreement—City of Decatur -to- <br />
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