The City of Tucson has entered into a Convenience Pay Service Agreement with Integrated Payment Systems Inc (IPS) to provide convenience pay services to the city's utility bill customers. The agreement outlines the terms and conditions of the service, including the payment structure, reporting requirements, and termination procedures. The city will instruct customers to provide IPS with their account number and payment amount, and IPS will retain bill stubs for two years. The city will remit payment to IPS within 21 days of receipt of the invoice. The agreement also includes provisions for returned payments, confidentiality, and intellectual property. Key aspects of the contract include:
• The city will pay IPS a transaction fee for each convenience pay transaction, with the fee structure based on the number of transactions per month.
• IPS will provide the city with daily and monthly transaction reports.
• The city will be responsible for promptly posting all payments sent by IPS to the proper city account.
• The agreement can be terminated by either party with 60 days' written notice.
• The laws of the state of Arizona will govern the interpretation, validity, and enforcement of the agreement.