STRATEGIC PRIORITY: Government Performance and Financial Management
AGENDA DATE: October 28, 2020
COUNCIL DISTRICT(S): All
DEPARTMENT: Office of Procurement Services
EXECUTIVE: Elizabeth Reich
______________________________________________________________________
SUBJECT
Title
Authorize Supplemental Agreement No. 1 6 to the service contract with Bank of America Merchant Services, LLC for merchant credit card processing services to extend the contract from November 1, 2020 to October 31, 2021 - Fees not to exceed the attached fee schedule - Financing: General Fund (subject to annual appropriations) (see Fiscal Information)
Body
BACKGROUND
This service contract will provide ongoing credit card payment processing services (merchant services) for the City. Services include processing payments received by interactive voice response (IVR), in person, and by internet-based payment processing. The fee schedule included in this agreement will be fixed for five years, but the total amount paid by the City will vary depending on specific services and usage.
The current merchant credit card processing service contract with Bank of America Merchant Services, LLC expires on October 31, 2020, with a subsequent 90-day transition period wherein the vendor can continue to provide services to the City, as stated in the contract, with Council approval.
The Dallas County, Texas Interlocal Agreement is authorized by Chapter 791 of the Texas Government Code and Subchapter F, Chapter 271, Texas Local Government Code. Section 271.102 of the Texas Local Government Code authorizes a local government to participate in a Cooperative Purchasing Program with another local government or a local cooperative organization.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On October 28, 2015, City Council authorized a five-year service contract to establish a master agreement for merchant credit card processing services with Bank of America Merchant Services, LLC by Resolution No. 15-2006.
FISCAL INFORMATION
General Fund (subject to annual appropriations) The fees would be charged according to the attached schedule. Fees would be directly offset by revenue.
M/WBE INFORMATION
In accordance with the City’s Business Inclusion and Development Policy adopted on September 23, 2020, by Resolution No. 20-1430, as amended, the M/WBE participation on this contract is as follows:
|
Contract Amount |
Category |
M/WBE Goal |
M/WBE % |
M/WBE $ |
|
N/A |
Other Services |
N/A |
N/A |
N/A |
|
• M/WBE goal waived due to no M/WBE availability |
|
• Bank of America Merchant Services, LLC |
OWNER
Bank of America Merchant Services, LLC
Angela L. Hershey, Vice President Merchant Specialist