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HomeMy WebLinkAbout1993-10-18 93-478 ORDERDate VV 10-18-93 Item No. 93478 ORDIMs Acceptance of Csalit Calve -'II Ben's Office Item/Subject: Pittance Responsible Department: Commentary: atria action wlll allow the City to accept credit card paymmRs at Ha Tteaslaei's Offica. Casty Back Acne rot pmrnss ceecit card payments tlixectly, Let las a ccartract with NaB*NXl to process Casw amvants. Cwt to thee, City is $1,200 for tenoval/pciMer astl 1.804 diacnmt plve 1 cents per tcemo ion. Finance CamN tee approved w 30-6-93. uryomamr\ Manager's Commorm: _ in, Munagn Armciated Information: Order, x Budget AWnroal: nircor Legal Approval: Introduced For �RPasmge L Find Reading No _ of Ell Ra rel 93-6)8 ,asignrA to counebar Saucy, October 38, 1993 CITY OF BANGOR (TITLE.) VGrDer,......... ....... ...Accep ro of. c[erliACaxda..-.s utrer.•e Office._.. By W City CoameU orae Ctty ofRaayor: OHDB86D, MT YII�S, the city of Ba1gor zelfes fncrav ly on PsoPsmtY ta>�, eaa:ise Tmw aM other ron-tau xeomues: aM wt0&JS, ccttci s Of Be pt r aadiumal n®ans of payment otMr than cmh Check; m YIIOtS.5• electmnfc banking aM the use of ¢ t cards by local Booeaumrcs ie an accaptable veane of payment; La3]• Tf@yEPOBE, M 1T � MVft t aty of Baru i har y aut izsl to accept cre t cards four tax a ton-ta pdff • . 9}478 ORDER 0 CITY COUNCIL Title, October 18, 1993 Passed Vote 5 yea Acceptance of Credit Cards. T{egsa,{@;'e 4 no Voting yes: Blmche[te; Pvankel, Office Sail, Soucy, 6 State ......... •�.; "•'•,'•• Voting No: Rragg,Cohen, Shubert 6 8 Ivan As.efgnedto CITY CLBRR Councilman 93-478 October 6, 1993 TO: Finance Fr: Sohn e Committee Finance Director Re: City acceptance of Credit Cards I am requesting agreement of the Finance Committee to the acceptance of credit cards ( Mastercard and Visa) in the Treasurer's Office. Casco Bank does not processing credit cards charges directly, rather they have a contract with NaBANCO for that service. NaBAMCO has proposed processing charge slips for a discount of 1.8% plus 15 cents per transaction, minimum $25 monthly discount. Transactions of $1.390 produce $25 in discount. Currently state and local governments can not assess the discount and transaction fee to the customer, but there is pending legislation i Congress which would allow those fees to be passed back to the credit card user. The expectation is that the ability of customers to charge payments will increase the volume of taxes paid. Charges in the Treasurer's Office would also be accepted for excise taxes and vehicle registrations; sewer payments, permits and fees, and other revenues collected. The system does not require a dedicated telephone line, the system dials through the switchboard. The purchase price for the terminal and printer is $1,200 or $35.00 month for 48 months for a total price of $1.680. The interest rate under the lease terms is 17.601% APR.