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Awarded contract·Seminole County·Florida

Integrated Credit Card Processing Services for Solid Waste

Won by CSG Forte Payments, Inc.$30kSingle Award
Contract source

Awarded vendors

  • CSG Forte Payments, Inc.

Description

This contract is for integrated credit card processing services for solid waste management in Seminole County, Florida. The contract is between Seminole County and CSG Forte Payments, Inc., a Delaware corporation. The services provided under this contract include payment processing, account verification, and customer identification. The contract has an initial term of three years and will automatically renew for additional one-year terms unless either party provides 30 days' prior written notice of termination. Some key points of the contract include: * The payment processing services will be provided on a 24-hour basis, with transactions being processed and settled within 72 hours. * The contract includes provisions for transaction authorization, chargebacks, and dispute resolution. * Seminole County is responsible for ensuring the security of its systems and equipment used in processing transactions. * CSG Forte Payments, Inc. will provide daily origination and deposit reports to Seminole County. * The contract includes a pricing fee schedule, which outlines the fees and charges associated with the payment processing services.

Attached files

Key dates

Starts
12/10/2019
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Financial Services
NAICS
522320
Solicitation №
SS-603664-19/BJC

Contract value

$30,000

The contract does not specify the exact dollar amount value, but it mentions a pricing fee schedule that outlines the fees and charges associated with the payment processing services. Based on the pricing schedule, it appears that the fees are calculated as a percentage of the transaction amount, with a minimum fee of $1.95 per transaction. Assuming an average transaction amount of $100, the fee would be 2.50% of the transaction amount, which is $2.50. With an estimated 1,000 transactions per month, the total monthly fee would be $2,500. Over the course of a year, the total fee would be $30,000. However, this is just an estimate and the actual value of the contract could be higher or lower, depending on the actual transaction volumes and fees.

AI estimate from the award documents

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