Title of Item:
RESOLUTION No. 122-2018; A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF STUART, FLORIDA INCREASING THE ANNUAL AMOUNT FOR THE MASTER SERVICE AGREEMENT WITH THE PAYMENTUS CORPORATION, PROVIDING AN EFFECTIVE DATE, AND FOR OTHER PURPOSES. (RC)
Summary Explanation/Background Information on Agenda Request:
On May 9, 2016 the Stuart City Commission adopted Resolution 52-2016 authorizing the execution of a Master
Service Agreement with the Paymentus Corporation.
The Paymentus software solution provides a single payment processor for all online credit card transactions,
creating a single next-day deposit of funds to the City.
The online payment processing solution went live on October 1, 2018. The City expects the volume of transactions to increase with Paymentus. The estimated annual cost is $72,000.
Funding Source:
1640-549
1211-549
1160-549
Recommended Action:
Motion to approve Resolution No. 122-2018. |