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File #: 19-8921    Version: 1 Name: Master Services Agreement - Paymentus for Utility credit card, debit card and ACH processing
Type: Agenda Item Status: Consent Agenda
File created: 4/26/2019 In control: Public Works
On agenda: 5/7/2019 Final action: 5/7/2019
Title: Master Service Agreement with sole source provider, Paymentus, for the Utility Customer Service Online/IVR Payment Processing services in the annual estimated amount not to exceed $520,000 for an initial three-year term totaling $1,560,000
Attachments: 1. 19-8921, Expend Info for, Paymentus Corp.pdf, 2. Agreement - Paymentus Sole Source.pdf

From

Lydia Zuckerman

 

Title

Master Service Agreement with sole source provider, Paymentus, for the Utility Customer Service Online/IVR Payment Processing services in the annual estimated amount not to exceed $520,000 for an initial three-year term totaling $1,560,000

 

Presenter

Cora Snyder, Customer Service Manager

 

Recommended Action

Approve

 

Analysis

In 2003 the City started with Tele-Works to provide online bill presentment and payment options to our customers.  They later changed names to TWI and now Paymentus.  Paymentus is transitioning away from a very old version of the service platform we are currently using and need to move us to the new one.  This new platform will continue to offer the same bill presentment/payment option but also has additional features one might expect to see anywhere they pay online such as the ability to schedule/cancel payments and autopay on due date (as opposed to a predetermined day such as the 15th of the month). 

 

Currently, approximately 624,000 bills are processed annually and the City participates in the Absorbed Fee Model paying a monthly rate for bills processed at $1.63 for credit/debit card transactions, 2.65% volume of sales for non-qualified credit/debit cards, and $0.30 for ACH/eChecks.

 

Chapter 271.022 of the Local Government Code authorizes local governments to exempt competitive sealed bids/proposals when the required items or services are only available from a single source.

 

Financial Consideration

Funding to approve a master service agreement with a sole source provider, Paymentus, is available in the FY 2018/2019 Water Wastewater Fund, (361010-61425) for credit card service charges and will be charged accordingly.