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5. B. 7.
Approval of Contract Addendum with World Pay Processing for credit card processing services.
In March 2018, the City Council approved to work with PerfectMind's Exisiting integrated processing partner Vantiv, Inc. which has now been merged into Worldpay Integrated Payments. PerfectMind's software is predominatly used by the Parks Dept's, Lake and DCC for a reservation system and class signups. We have negotiated better pricing with Worldpay and this addendum to our original contract will provide that as well as change the contract term year from April to April -it will now be from May to May each year.
We asked for an analysis of the charges from Worldpay Integrated Payments and was able to reduce many of the monthly charges being assessed on each of the merchant numbers being used. We felt it was in the City's best interest to reduce the costs associated with this credit card processing company.
City Staff Recommends Approval
City Council Approval
Posted City Council Agenda
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