Dept/ Agency: Finance Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Professional Service Contract Purpose: To process credit card and electronic payments on the internet, over the telephone and various locations throughout the City of Newark Entity Name: Value Payment Systems, LLC Entity Address: 2207 Crestmoor Road, Ste. 200, Nashville, TN 37215 Contract Amount: 2.25% per credit/debit card transaction or $0.99 per electronic check transaction Funding Source: No City Funds Contract Period: October 1, 2014 through September 30, 2017 Contract Basis: ( X ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS (X ) Fair & Open ( ) No Reportable Contributions ( X ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: