4.2.
Finance Committee
- Meeting Date:
- 02/22/2011
- By:
- Diana Lund, Finance
Title:
Credit Card Analysis
Background:
Customers, residents, and staff have been inquiring regarding the city of Ramsey accepting credit cards for payments on utility bills, building permits, abatements, and various fees.
Offering the acceptance of credit cards has a fee. The fee could be absorbed by the city, thus reducing overall revenue collections, or passed onto the consumer via higher permit and/or utility fees.
An analysis of three credit card vendors is attached. The three vendors were chosen based on their experience and interfacing capability with our current utility billing vendor as the city bills over 8,000 residents and thus a high potential of future credit card use.
This will be the city's first look at the credit card process. After initial discussion, and agreement of a potential vendor, staff will be prepared to bring that vendor to a future worksession for full council input.
Recommendation:
Discussion only.
Funding Source:
Not applicable at this time.
Council Action:
Finance Committee Discussion only.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Kurt Ulrich | Kurt Ulrich | 02/17/2011 08:45 AM |
- Form Started By:
- Diana Lund
- Started On:
- 02/14/2011 08:02 AM
- Final Approval Date:
- 02/17/2011