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r , <br /> C: Paymen't s <br /> 11w Nat-Time Bill Payment Company <br /> 3 Compensation <br /> 3.1 No Cost Installation <br /> Paymentus will charge no foes related to the Initial setup and personalization of Its standard service <br /> for both Web and IVR interfaces. <br /> 3.2 Paymentus Service Fee <br /> System will charge each User a Service fee for each transaction processed (hereinafter called <br /> "Paymenlus Service Foo").Such Paymontus Service Foo is to be collected in addition to the corresponding <br /> Payment as part of the transaction. <br /> For each payment, the Paymentus Service Fee collected will bo used to pay the corresponding <br /> Credit Card transaction fees or transaction fees associated with Debit Cards or eChecks(hereinafter called <br /> "Transaction Fees") except NSF tees and processing charges related to Paymentus (hereinafter called <br /> "Paymentus Fees"). <br /> A schedule of Paymontus Service Fee is attached hereto as Schedule A. Paymentus and <br /> Customer may mutually review Paymentus Service Foo schedule at regular Intervals.However,Paymenlus <br /> can amend this schedule upon prior written notice to the Customer, If such change is required due to <br /> changes In tho Visa and MasterCard regulations or changes In Credit Card fees or changes In the Average <br /> Dili Amount. <br /> 4 Payment Processing <br /> 4.1 Explicit User Confirmation <br /> Paymentus shall confirm the dollar amount of all Payments and the corresponding Paymentus <br /> Service Fee to be charged to a Card and electronically obtain the User approval of such charges prior to <br /> initiating Card authorizations transaction. Paymontus wilt provide User with electronic confirmation of all <br /> transactions. <br /> 4.2 Merchant Account <br /> Paymentus will arrange for the Customer to have a merchant account with the Paymentus <br /> Authorized Processor for processing and settlement of the credit card transactions. <br /> 4.3 Card Authorization <br /> For authorization purposes, Paymenlus will electronically transmit all Card transactions to the <br /> appropriate Card processing center,In real time as the transactions occur. <br /> 4.4 Settlement <br /> Paymontus together with Its authorized Card processor shall forward the payment transactions and <br /> corresponding Paymentus Service Fee to the appropriate card organizations for settlement directly to the <br /> Customer's depository bank account previously designated by the Customer (hereinafter the 'Customer <br /> Bank Account"). <br /> Paymentus together with Paymontus Authorized Processor will continuously review Its settlement <br /> and direct debit processes for Its simplicity and efficiencies. Customer and Paymontus agree to fully co- <br /> operate with each other If Paymentus were to change Its settlement and Invoicing processes. <br /> -3 - <br /> 75 <br />