Financial Services, Lockbox

The City of St. Petersburg, Florida, has awarded a contract to Catalis Payments LLC (formerly Bill2Pay LLC) for financial services, specifically lockbox services. The contract is for a term of three years, with an option to renew for an additional two years. The vendor will provide all labor, materials, supervision, tools, equipment, and vehicles necessary for lockbox services and processing of city utility payments. The vendor will also provide an account manager to administer the agreement and ensure that all aspects of implementation, servicing, reporting, and issue resolution are handled. The contract includes provisions for payment processing, data transmission, and security. The city reserves the right to terminate the contract at any time with thirty days' written notice. Some key points of the contract include: * The vendor will provide lockbox services and process city utility payments * The vendor will provide an account manager to administer the agreement * The contract includes provisions for payment processing, data transmission, and security * The city reserves the right to terminate the contract at any time with thirty days' written notice * The contract has a term of three years with an option to renew for an additional two years