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Electronic Pa ment Exchan e EPX Absorbed Model: Pure Absorb Model where the City pays all processing fees, nott�ng passed onto t6e customer. Payment Processor: This model may save the Ciry money ovcr its current Wells Fargo charges and can bc explored if the City wishes. Electronic Payment Exchange (EPX) is our integrated direct payment processor. In other words, they process payments for a majority of our EBPP clients direcdy to the different credit card companies and to the Fed for ACH without going through anyone else's backend. They are a direct processor, thereby allowing some very attractive processing rates for our customers, including ensuring that Redwood City would be set up under the Utility Discount Rate if this is advantageous for you. EPX is a Level 1 PCI DSS certified processor with two secure data centers, onc in Phoenix and one in Delaware. They also offer and utilize in conjunction with InfoSend their patented "BRIC" secure encrypted tokenization technology which completely hides and firewalls the financial vehicle information of your customer. This allows that not even the credit card numbers are stored within the EBPP solution, but stored securely only within the EPX securc data centers and only an encrypted token containing an identifier number is stored within the EBPP solution. EPX currently serves over 2 dozen of InfoSend's EBPP customers under this model. EPX payment processing fees: ■ Sct-up: Waived • Base monthly Account & Reporting fee: $15.00 ■ With the Utility Discount Rate applicd, credit card transaction (Visa & MasterCard) will incur these fees: 1. Flat straight pass through of interchange at the Utility Discount Rate of $0.75 flat per transaction (or current published rate) from Visa & MasterCard + exact pass through on assessment from V/MC +$0.20EPX transaction fee per transaction (includes Buyerwall PCI compliance, eliminating Redwood City from worrying about PCI compliance on these transactions) 2. Some card transactions will not qualify for the utility discount rate and will be rated at norrna► intcrchange (averaging about 2.1 %). In Califomia, wc find that less than 5% of card transactions don't qualify for the utility discount rate in general, although this can be plus or minus on a monthly basis. • Optional Pinless debit transactions are at an even lower rate than the Utility discount rate. Straight Pass Through on the debit interchange plus $0.20 EPX transaction fee per transaction (includes Buyervvall PCI compliance). This will generally shave roughly 10-25% off even the above utility discount rate credit card transaction fees when a customer useless a debit card to pay their bill. EPX, being a direct processor and due to their robust platform is one of the few payment processors offering on line pinless debit and its associated lower costs. • ACH transactions are a flat $0.20 per transaction (NO % fees or other fecs on top of this). • ACH Returns: $3.50 each • There are other not common transaction fees for rarc items like credit rescarch and items that will be in the final contract. Final Pa ment rocessin contracts will be ne otiated direcd with EPX. 25