COLLECTION PROCESSING SPECIFICATIONS Clause Samples

COLLECTION PROCESSING SPECIFICATIONS. 2.1 All funds collected, transferred or processed in the red light traffic safety program shall be deposited in to a qualified public depository as defined in section 136.01 and 280.02, F.S. and cannot be deposited to a corporate or personal account. 2.2 Orange County will open and maintain a lockbox and bank account in which all Red Light Enforcement funds will be deposited into. The system will coordinate with the county’s bank which is currently ▇▇▇▇▇ Fargo. 2.3 All systems associated with the collection of Red Light Enforcement funds shall be compatible with Orange County lockbox and bank account. 2.4 Contractor shall supply the lockbox company with information required to interface account with contractor’s filing system. 2.5 All online collections shall be processed without any penalties or credit card surcharges and proceeds must be credited by the merchant card services company directly to the county’s qualified public depository bank account. 2.6 All credit card payments shall be processed through the County’s merchant services provider. Merchant services will be managed and controlled by the County under the terms of its merchant services contract. The current provider is ▇▇▇▇▇▇.