2020.03.02 CC Packet - Laserfiche WebLink

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PAYMENT SERVICE NETWORK, INC. SERVICE AGREEMENT G' )� THIS AGREEMENT FOR SERVICE ("Agreement") is made as of (insert date) (the "Effective Date") between City of Hugo, MN ("Account Holder") and Payment Service Network, Inc. ("PSN-). RECITALS Account Holder wishes to register its business with PSN so that Account Holder's customers ("Customers") can make payments to Account Holder through the PSN Web site, www.PaymentServiceNetwork.com (the "Site") and/or via such other payment methods as are specified on Schedules A and B attached hereto or otherwise authorized in writing from time to time. Account Holder and PSN desire to formalize their agreement as set forth below. NOW THEREFORE, in consideration of the Account Holder's registration for the Services, the foregoing recitals, the mutual promises herein contained and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, Account Holder and PSN, intending to be legally bound, hereby agree as follows: Account Holder hereby appoints PSN as its agent solely for purposes of receiving and processing payments from Customers on Account Holder's behalf, and hereby authorizes PSN to collect payments from Customers to the extent such Customers have agreed to the terms and conditions of the Site. PSN shall collect the "Fees" (as shown on Schedule B) in the manner, amounts and pursuant to the terms set forth on Schedule B. Schedule B specifies those Fees payable by the Customer and those Fees payable by the Account Holder. As Account Holder's agent for receipt and processing of payments from Customers, Account Holder acknowledges and agrees that, as between Account Holder and its Customers only, PSN's receipt of payments from Customers shall constitute receipt by Account Holder. 2. The Services to be provided by PSN (the "Services") are as follows: a. PSN agrees to accept payments from the Customers by checking/savings account or credit/debit card through the Site, or otherwise (phone in or fax in). Customers who utilize PSN's payment network will also be required to register on the Site and will be bound by the terms and conditions set forth on the Site. b. Account Holder is given real-time access to all account information via PSN' s administrative logon. Such access will be provided to all Account Holder representatives designated in writing by Account Holder. The account information available will include transaction totals, specification by account, and specification by transaction/account type (e.g. utilities, taxes). PSN and Account Holder will jointly work to develop compatibility of the reporting and accounting information with the Account Holder's management and account software. Said access to all account information will be provided by PSN to Account Holder under the following conditions. 1. Said compatibility does not adversely affect, alter or change PSN's established service; 2. Said compatibility is a joint effort between PSN and Account Holder with the Account Holder providing all the needed information to PSN regarding current and/or future management and accounting software. c. PSN will provide, for each Customer who sets up a profile within the PSN system, real- time access to such Customer's account information (but not the information of any other Customer) through the Site. If applicable, PSN will inform each Customer of the charge and amount of any subscription and/or fees or charges for the Services that will be charged to the Customer for the Services. PSN agrees to indemnify and hold harmless Account Holder from all claims and liabilities arising out of a dispute based on non- disclosure of PSN Fees to Customers. Note: Bank interchange rates are subject to change; therefore, this quote is valid for 15 days from date of issue. 1 Payment Service Network, Inc. 12901 International Lane, Madison WI 53704 1 www.PaymentServiceNetwork.com