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Res 2006-010
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Res 2006-010
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Last modified
2/27/2007 8:35:06 AM
Creation date
7/25/2006 11:35:46 AM
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City Clerk
City Clerk - Document
Resolutions
City Clerk - Type
Agreement
Number
2006-10
Date
1/17/2006
Volume Book
165
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<br /> <br />an Marcos <br />.me las h appears an the Mercnanl SeM:8& Accounl Appticalion) <br /> <br />Bank of America ~ <br />~~ <br /> <br />October 26, 2005 <br />f"ecIlve Dale <br /> <br />aank of Ameri~ PrD(:eBBlng Feea lor <br /> <br />. VisalMaS1erCard inlerchange is charged on montNy gross sales. VisalMaSlerCanl associalicn lees <br />and Bank 01 America. N.A. processing lee6 are charged on montNy gross BllIes. <br /> <br />"'sae and MasterCard. transactions: <br />nlerchange calegory (see anached) <br />Visa association fees <br />~sterCard association fees <br />:lank of America processing fee <br />Per Item Authorization fee <br />Discover'"' CardINOVUS"'" Card brands <br />"merican Express\!> Card <br />Diners\!> ClublCarte Blanche\!> discount rate <br />.lCB Card discount rate <br />Pin Debit Card lees <br /> <br />Check Warranty lees <br />ElectrDnic.check Service <br /> <br />Electronic Benefits Transfer Card <br />Voice Auth Address Verification Service <br />Return Fee <br /> <br />$0.10 <br />$0.10 <br />3.00% <br />3.00% <br />$0.60 <br />0.00% <br />N/A <br />see aft <br />see aft <br />N/A <br />$0.50 <br />$0.00 <br /> <br />0.0925% <br />0.095% <br />$0.00 <br />$0.16 <br />per authorization lee <br />per authorization lee <br /> <br />per transaction plus <br />01 monthly sales <br />minimum $0.50 <br />per transaction plus <br />01 check value <br />per transaction lee <br />per call <br />per item <br /> <br />Service F_ <br />Set-up lee (non-relundable) <br />Month minimum discount <br /> <br />$0.00 <br />$0.00 <br />$10.00 <br />50.00 <br />N/A <br /> <br /> <br />per new accountllocation <br />per month <br />per item <br />per month per location <br />per installation after initial set-up <br /> <br />. Diners ClublCerte Blanche and .lCB Card diSCO\rll rates are charged on montNy gr06S &lI1es. <br /> <br />. VisalMasterCard discount raleS: <br /> <br />_ For lowest interchange. assume magnetic &II1pe on card 1& r&ad electronically or <br />II direct marketing merchant. AVS Ieal\n is used. Including Invoice number; <br /> <br />only one authorization is oblained lor Ihe transacllon; and nnsaction 1& lrBnsmllled <br /> <br />lor deposit within 24 houni. II these conditions .... IlCll met, <br /> <br />VisalMaslelCard may assess a transaction surdIarlIe- InI8rchange rates may vary <br /> <br />by card type (see anached). <br /> <br />. Also apply 10 Visa Check- Card. Mas18lMon8y1ll. and ELECTRON" CanI. <br /> <br />_ Are s~jeC1 to periodic increase 01 VisalMaSIeICanllnIIlldIange and card 86SOCta1Ion t_, <br />. Certegy Check Warranty Agreement (with rates and !eM) wIU be..1'Il to mefChal'll &ep8ralely. <br /> <br />. American Express and Discover CardlNOVUS 1::ard brands diacounl ral86 and Iee& are estabIishlld <br />and billed separalely by lhose issuers, woo are responsible lor I18111emenl, chargebacks. and <br />customer service. <br /> <br />. The Per llem Authorization Fee applies to attamplBd and approved aUlhorlzallon&. <br />In Ihe absence 01 an amendmem to Ihe Agreement specifically addreIlaing lund8 avslleblllly. Iunds win \IBI <br />be available in business checking accounts 1.-3 buslneas days aller Ir8nSIICtian poatlng dale. Timing win \ <br /> <br />Product Feea <br /> <br />Model <br /> <br />Renter <br />(p".IIIIl) <br /> <br />Purchaae <br />(plus IaJl and shipping) <br />'month 'deVice <br />'month 'device <br />'month !device <br />'month 'device <br />ldevice <br /> <br />Terminal See attached <br />Printer See attached <br />PIN Pad See attached <br />Check Reader See attached <br />Imprinter <br />Software <br />Other <br /> <br />Other Products <br />Elec. Check service <br />Online Reporting <br /> <br />fee <br />Fee $10.00 <br />Monthlyfee 39.99(opt) AJser 10 <br /> <br />Monthly Access <br />P.ssocietion Access <br /> <br />'Fee quoled at Wne of servictJ ,equesl <br />.. Rental Fees are subject /0 rASa Technology, Inc. Equipmenl Rental Aoreemen! <br /> <br />Pricing Acknowledgement <br />have reviewed Ihe above lee S1ructure 01 my Bank ot America, NA. reank") mercham services accounL I understand thallhe above slated VisalMasterCanl pricing Is based on minimum threshold <br />)I an average transaction size 01 511:; and an annualized VisalMaS1elCard sales volume 01 52 ,!loa.DOC. The rates and 'ees qUOled by the Bank lor acceptBl1CIl of the American Express Card and <br />)iscover<:ardlNOVUS Card brande arE s~ieCllo the lerms and conditions lor each respective1::ard lsauer. <br /> <br />further understand thai the Bank will review those assumpllons aher a period 01 actual processing and that my rale could be increased if either the average tickel or volume run rates are lower <br />han the minimum thresholds. In add~ion. lhe eank may pass on charges imposed by credil card associaliollS, such as Visa and MaslerCard, resulting trom my lallure to comply with credll card <br />egulations. The Bank may collectlhese charges in the same way as other amounls owed by me under the Merchan! Services Agreement (. Agreement"). I acknowledge thatlhe Agreemant <br />lIovides lor increases in tees. I unders:and lha! my application is subject 10 approval by !he Bank and by American Express and Discover CardINOVUS Card issuers lor processing lheir <br />ransactions. <br /> <br /> <br />. ESignalUrf! <br /> <br />eo Sc .nIl 01 Ameri<ll. N.A. ......be. FDIC' erol5 Bank 01 America~.1ion <br />~hart numbers 2221-3221-VSIP and 2221-3221-MCIP <br /> <br />Pnnl name <br /> <br />Dale <br /> <br />Susan Sutlon/0320 <br />Prim name ana 'ep coae <br /> <br />D... <br /> <br />1 ot 1 <br />
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