16-3676 HSA - Automated Clearing House Network

The contract is for the provision of Automated Clearing House (ACH) network services to the City of Goodyear. The contract allows the City to initiate electronic signals for paperless credit entries to its designated clearing account maintained at HSA Bank. The bank will process and transmit the electronic credit entries and files subject to the terms and conditions of the agreement. The contract also includes provisions for security procedures, error handling, and indemnification. The key aspects of the contract include: • The City of Goodyear will prepare and submit all electronic entries to HSA Bank, either directly or through its HSA partner. • HSA Bank will process and transmit the electronic credit entries and files subject to the terms and conditions of the agreement. • The contract includes provisions for security procedures, including the use of a secure electronic portal and encryption. • The contract includes provisions for error handling, including the rejection of entries or files that do not comply with the requirements of the agreement. • The contract includes provisions for indemnification, including the indemnification of HSA Bank against any claim, demand, or proceedings arising from the City's breach of the agreement.