RFP-21-019 TTP/ PA-DSS Certified Electronic Payment Processing Services

This contract is for PA-DSS certified electronic payment processing services, which will enable Bergen County, NJ, to accept credit and debit cards, as well as electronic checks, for various transactions. The services will be provided by MuniciPAY, LLC, and will include online, in-person, and telephone payment options. The system will be designed to be flexible and customizable to meet the county's unique business processes. The contract includes a convenience fee/service fee model, where the county will not be charged for the payment processing services, but the constituents will be charged a fee for using the service. The contract also includes provisions for settlement, reconciliation, and reporting. The key benefits of this contract include the ability to accept electronic payments, reduce costs, and enhance cash flow, as well as provide a secure and customizable payment processing solution. • The contract includes a wide array of payment channels, including online, in-person, and telephone payments. • The system is designed to be flexible and customizable to meet the county's unique business processes. • The contract includes a convenience fee/service fee model, where the county will not be charged for the payment processing services. • The system will provide real-time reporting and reconciliation capabilities. • The contract includes provisions for settlement, including daily deposits into the county's designated bank accounts. • The system will be designed to accommodate multiple payment items and departments, allowing citizens to make payments for multiple items simultaneously. • The contract includes a provision for MuniciPAY to indemnify the county for any monetary loss or liability incurred due to MuniciPAY's employee fraud, neglect, or misconduct.