DEPARTMENT
Finance
REQUESTED ACTION (Identify appropriate Action or Motion, purpose, cost, timeframe, etc.)
title
Request approval of a Participant Agreement for Merchant Processing Services with Truist Bank pursuant to the newly updated statewide Master Merchant Agreement for the provision of bankcard, charge card and debit card acceptance, processing, settlement, and support services. This Participation Agreement will be effective upon approval through December 31, 2025, and shall automatically renew annually from January 1 through December 31 through December 31, 2028, with a final term of January 1 through July 23, 2029, provided each renewal period is exercised by the State of Georgia, Office of State Treasurer Merchant Program, through July 23, 2029. (APPROVED UPON ADOPTION OF THE CONSENT AGENDA)
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REQUIREMENT FOR BOARD ACTION (Cite specific Board policy, statute or code requirement)
In accordance with State of Georgia O.C.G.A ?36-10-1, requests for approval of contractual agreements shall be forwarded to the Board of Commissioners for approval.
STRATEGIC PRIORITY AREA RELATED TO THIS ITEM (If yes, note strategic priority area below)
Open and Responsible Government
COMMISSION DISTRICTS AFFECTED
All Districts ?
District 1 ?
District 2 ?
District 3 ?
District 4 ?
District 5 ?
District 6 ?
IS THIS A PURCHASING ITEM?
No
SUMMARY & BACKGROUND: The Office of the State Treasurer (OST) has executed three new Statewide Merchant Card Services Agreements (MSAs). As a result, OST now requires all participating entities to execute a new Participation Agreement in order to continue using Merchant Card Services (MCS) under these contracts. Fulton County currently utilizes the statewide contract with Truist/Fiserv and would also like to be able to utilize the Truist/TSYS contract to process electronic payments for several departments, including the Library, Senior Services, Police, Water and Sewer, Public Works, and the Courts.
Scope of Work: NA
Community Imp...
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