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Agmt16 Infosend, Inc.
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Agmt16 Infosend, Inc.
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Last modified
5/23/2025 4:17:47 PM
Creation date
5/2/2016 11:41:59 AM
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Agreement
Contractor Name
Infosend, Inc.
PROJECT NAME
e-Business services and data processing for utility billing
Date
4/28/2016
MO Ref
16-067
Amendment
Yes
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Exhibit "A" <br /> SCOPE OF SERVICES AND PAYMENT <br /> EPX payment processing fees: <br /> • Set-up: Waived <br /> • Base monthly Account & Reporting fee: $15.00 <br /> • With the Utility Discount Rate applied, credit card transaction (Visa & MasterCard) will incur <br /> these fees: <br /> 1 . Flat straight pass through of interchange at the Utility Discount Rate of $0.75 flat <br /> per transaction (or current published rate) from Visa & MasterCard + exact pass <br /> through on assessment from V/MC + $0.20EPX transaction fee per transaction <br /> (includes Buyerwall PCI compliance, eliminating Redwood City from worrying <br /> about PCI compliance on these transactions) <br /> 2. Some card transactions will not qualify for the utility discount rate and will be rated at <br /> normal interchange (averaging about 2. 1 %). In California, we find that less than 5% of <br /> card transactions don't qualify for the utility discount rate in general, although this can be <br /> plus or minus on a monthly basis. <br /> • Optional Pinless debit transactions are at an even lower rate than the Utility discount rate. Straight Pass <br /> Through on the debit interchange plus $0.20 EPX transaction fee per transaction (includes Buyerwall PCI <br /> compliance). This will generally shave roughly 10-25% off even the above utility discount rate credit <br /> card transaction fees when a customer useless a debit card to pay their bill. EPX, being a direct <br /> processor and due to their robust platform is one of the few payment processor offering on line pinless <br /> debit and its associated lower costs. <br /> • ACH transactions are a flat $0.20 per transaction (NO °1° fees or other fees on top of this). <br /> • ACH Returns: $3.50 each <br /> • There are other not common transaction fees for rare items like credit research and items that <br /> will be in the final contract. <br /> Final Payment processing contracts will be negotiated directly with EPX. <br /> ATTY/AGR.2016.0761InfoSennd, In <br /> The information in this proposal is confidential and is not to be used or disclosed except to the recipient's employees, officers 18 <br /> and agents engaged in evaluating this proposal, <br />
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