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REQUEST FOR ACTION <br />TO ITEM NUMBER <br />Ma or & Ci Council 4.4 <br />AGENDA SECTION MEETING DATE PREPARED BY <br />Consent Februa 13, 2012 Lori Ziemer, Asst. Finance Director <br />ITEM DESCRIPTION REVIEWED By <br />Credit/Debit Card Acceptance Policy Tim Simon, Finance Director <br /> REVIEWED BY <br />ACTION REQUESTED <br />Adopt credit/debit card acceptance polity for the payment of city services. <br />BACKGROUND/DISCUSSION <br />One of the action steps identified with the 2011 goals approved by the City Council was to expand the <br />ability to accept alternative forms of payment for city services. The acceptance of credit cards provides a <br />quick and convenient payment method enhancing customer service. Minnesota Statute X471.381 <br />authorizes cities to accept payment by use of credit card, debit card, or all forms of electronic transfer, <br />and adopt policies and procedures regarding the payments. <br />The Finance Department has contracted with RevTrak to provide credit/debit card processing via online, <br />phone, mail, and in-person. The city has established the authority to accept the three major credit cards; <br />Visa, Mastercard, and Discover Card. <br />Upon approval of the credit/debit card acceptance policy, the implementation of accepting credit card <br />payments for city services will be initiated very soon as most of the setup has already been completed. <br />FINANCIAL IMPACT <br />The credit card processing fee is a budgeted item within the Finance Department budget. <br />ATTACHMENTS <br />^ Credit/Debit Card Acceptance Policy <br />Action Motion by Second by Vote <br />FOllow Up <br />P®ME~E® /f <br />C:\Users\jjohnson\AppData\Local\Microsoft\Windows\Temporary Internet ~~~ <br />Files\Content.0utlook\SFWAYSNS\Action Request -Credit Card Acceptance Policy.docx <br />