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07-08-2013
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Last modified
1/29/2025 9:15:45 AM
Creation date
8/6/2018 6:43:25 AM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
7/28/2013
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
7/28/2013
EDA Document Type
Council Packets
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IONS _ ._ . <br />Answer: Major Credit Card Association rules now allow <br />Government entities to assess a "convenience fee" on transac- <br />tions paid via credit card.The Card Associations require the <br />convenience fee amount to be processed as a separate <br />transaction so the fee amount is clearly identified to the <br />cardholder. Once the fee amount is disclosed, the cardholder <br />has the option to decline the fee and use an alternate form of <br />payment (cash or check). <br />Are there any processing fees to the <br />Municipality? <br />Answer: No. All convenience fees are paid by the individual <br />consumer who chooses to use their credit card for payment. <br />There are no set-up fees, monthly fees or processing fees <br />assessed to the municipality. <br />Answer: <br />• Local, state and federal courts of law that administer and <br />process court fees, alimony and child support payments <br />• Government entities that administer and process local, <br />state and federal fines <br />• Local, state and federal entities that engage in financial <br />administration and taxation <br />• Local Government Services -Auto (DMV), Property Taxes, <br />Utilities, Parks & Recreation, Fish & Game, Court & Bond <br />Fees, and more <br />• State elementary and secondary schools for tuition, related <br />fees and school -maintained room and board <br />• State colleges and universities, professional schools, junior <br />colleges for tuition, related fees and school- maintained <br />room and board. <br />CLWhat cards can be accepted for payment? <br />Answer: Discover, American Express and MasterCard may be <br />accepted for all government transactions. Currently, VISA may <br />only be accepted for tax payments.The Card Associations <br />continually update their regulations and should VISA expand <br />their government program, they will automatically be <br />included. NPS will notify our existing municipalities when <br />changes like this occur. <br />Answer:Yes! NPS is a certified Level 1 PCI -DSS Service <br />Provider. Nationwide Payment Solutions and MuniciPAY meet <br />all PCI -DSS (Payment Card Industry— Data Security Standards) <br />guidelines and requirements. This program eliminates any <br />iUnkiPAY <br />Nationwide Payment Solutions <br />What is the advantage of using MuniciPAY? <br />Answer: <br />1. The municipality is completely insulated from convenience <br />fee collection. NPS handles the collection of the <br />convenience fee and automates the payment of <br />municipality transactions. <br />2. NPS is a registered Merchant Service Provider (MSP) and <br />Third Party Processor (TPP) that processes more than 3 <br />billion dollars in electronic payment transactions per year. <br />3. Multiple Payment Item / Deposit Account Capabilities. <br />4. Increased, expedited cash flow. Funds are deposited <br />directly to municipality's account(s) on 2"' business day <br />after transaction date. <br />5. Detailed Transaction Reporting. <br />6. Municipality is able to offer more payment options <br />to their citizens. <br />How long does it take to receive funds? <br />Answer: Funds will be deposited into the municipality <br />accounts) within 2 business days and can be automated <br />to include multiple depository accounts for various <br />departments. <br />What type of reporting is available? <br />Answer: MuniciPAY offers real-time, detailed reporting. <br />Municipalities are able to view reports separated by user, <br />departments, payment items, and daily settlement reconcilia- <br />tion. MuniciPAY can also handle cash and check reporting <br />options, and can be integrated with the municipality's current <br />accounting software. <br />How long does it take to implement MuniciPAY? <br />Answer: Depending on the individual needs of the municipality, <br />the number of depository accounts, and complexity of their <br />inventory list and/or fee schedule, this time frame may vary. <br />NPS is committed to completing implementation as quickly as <br />possible. Typical implementation takes 1-2 weeks. <br />For More Information Contact: <br />Danielle McGillicuddy Stacy Perry <br />877.290.1975 x5447 877.290.1975 x5214 <br />dnicgillicuddy,,f�getnationwide.com speriyegetnatioiiwide..corn <br />
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