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Agreement For Merchant Payment Services with TransFirst, LLC <br />June 16, 2015 <br />Page 2 <br />performance and cost savings associated with the removal of the discount fee, staff recommends <br />retaining TransFirst for merchant services and adjusting agreement compensation to reflect <br />increased utilization of electronic and on -line payments by customers. <br />On March 18, 2014, City Council approved a total two year $140,000 agreement with TransFirst <br />for the period of October 1, 2013 through September 30, 2015. The agreement includes a <br />$70,000 per year cap. However, due to the growth in credit card payments, staff anticipates the <br />annual cap to be exceeded by $24,000 during the current fiscal year 2014 -15. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item allows the City to meet Goal No. 7 Team Santa Ana, Objective No. 5F <br />(Explore opportunities to engage with outside agencies, both private and public, to share <br />information and increase efficiencies). <br />FISCAL IMPACT <br />1. Funds in the amount of $95,000 in account no. (various- 62300) will be budgeted and <br />available, upon Council approval of the fiscal year 2015 -16 budget, and for fiscal year 2016 -17 <br />upon exercise of the one year extension option to the contract on allocated basis in various <br />departmental accounts. <br />2. Funds in the amount of $24,000 are budgeted and are available in account no. (various - <br />62300) allocated among various departmental accounts for fiscal year 2014 -15. <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director <br />Finance & Management Services Agency /,° <br />Exhibit 1 Agreement <br />WH <br />251 -2 <br />