Florida Regulations 69C-4.004: Standard Contracts with Electronic Payment Service Providers
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(1) Contractual arrangements in any form between a state agency or the judicial branch and a financial institution or other appropriate intermediaries to process electronic payments require the approval of the Chief Financial Officer.
(2)(a) The Chief Financial Officer has developed standard contracts for electronic payment services with the following service providers:
1. Bank of America, N.A., and Banc of America Merchant Services, LLC, for Visa, Master Card and Discover (Payment Solutions and Services Provider Contract), current contract period of June 12, 2013 through June 12, 2018, http://www.flrules.org/Gateway/reference.asp?No=Ref-03704, as incorporated by reference herein.
2. American Express Travel Related Services Company, Inc. (Agreement for American Express® Card Acceptance), current contract period of June 30, 2010 through June 29, 2015, http://www.flrules.org/Gateway/reference.asp?No=Ref-03705, as incorporated by refernce herein.
(b) Each of the standard contracts for electronic payment services, incorporated by reference herein, specifies requirements for operation of an electronic payment processing system. The mechanisms and systems enable state agencies, the judicial branch, and local governments to accept and process electronic transactions through credit cards, charge cards, debit cards and electronic checks, provide prompt authorizations, and deliver collected funds to the designated bank account of a financial institution.
(3) A state agency or the judicial branch must use the standard contract established by the Chief Financial Officer for acceptance of electronic payments by credit card, charge card, debit card, and electronic check or obtain authorization from the Chief Financial Officer to use another contractor. If an alternative contractor is desired, the state agency or judicial branch shall present justification to the Chief Financial Officer as to why the standard contract is not acceptable and receive approval from the Chief Financial Officer before seeking an alternative contractor. An alternate agreement must meet the terms, conditions, and specifications provided for in the standard contract relative to pricing, reporting, reconciliation, settlement, and funds availability. The Chief Financial Officer will consider unique requirements of a state agency or the judicial branch that are not provided for in the standard contract in making a determination whether to approve an alternative contractor.
(4) Contracts must specify that proceeds of credit cards, charge cards, debit cards, and electronic checks (settlement) shall be delivered to the designated state bank account within 2 days after completion of the transaction.
(5) A copy of the standard contract may be obtained by contacting the Bureau of Funds Management, Division of Treasury, 200 East Gaines Street, Tallahassee, Florida 32399, or make a request directly from the Treasury website at: http://www.fltreasury.org/.
Rulemaking Authority Florida Statutes § 215.322(3). Law Implemented Florida Statutes § 215.322. History-New 12-22-83, Formerly 4C-4.04, Amended 1-26-88, 1-27-99, 9-9-01, Formerly 4C-4.004, Amended 9-11-11, 1-30-14.
Terms Used In Florida Regulations 69C-4.004
- Contract: A legal written agreement that becomes binding when signed.
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
1. Bank of America, N.A., and Banc of America Merchant Services, LLC, for Visa, Master Card and Discover (Payment Solutions and Services Provider Contract), current contract period of June 12, 2013 through June 12, 2018, http://www.flrules.org/Gateway/reference.asp?No=Ref-03704, as incorporated by reference herein.
2. American Express Travel Related Services Company, Inc. (Agreement for American Express® Card Acceptance), current contract period of June 30, 2010 through June 29, 2015, http://www.flrules.org/Gateway/reference.asp?No=Ref-03705, as incorporated by refernce herein.
(b) Each of the standard contracts for electronic payment services, incorporated by reference herein, specifies requirements for operation of an electronic payment processing system. The mechanisms and systems enable state agencies, the judicial branch, and local governments to accept and process electronic transactions through credit cards, charge cards, debit cards and electronic checks, provide prompt authorizations, and deliver collected funds to the designated bank account of a financial institution.
(3) A state agency or the judicial branch must use the standard contract established by the Chief Financial Officer for acceptance of electronic payments by credit card, charge card, debit card, and electronic check or obtain authorization from the Chief Financial Officer to use another contractor. If an alternative contractor is desired, the state agency or judicial branch shall present justification to the Chief Financial Officer as to why the standard contract is not acceptable and receive approval from the Chief Financial Officer before seeking an alternative contractor. An alternate agreement must meet the terms, conditions, and specifications provided for in the standard contract relative to pricing, reporting, reconciliation, settlement, and funds availability. The Chief Financial Officer will consider unique requirements of a state agency or the judicial branch that are not provided for in the standard contract in making a determination whether to approve an alternative contractor.
(4) Contracts must specify that proceeds of credit cards, charge cards, debit cards, and electronic checks (settlement) shall be delivered to the designated state bank account within 2 days after completion of the transaction.
(5) A copy of the standard contract may be obtained by contacting the Bureau of Funds Management, Division of Treasury, 200 East Gaines Street, Tallahassee, Florida 32399, or make a request directly from the Treasury website at: http://www.fltreasury.org/.
Rulemaking Authority Florida Statutes § 215.322(3). Law Implemented Florida Statutes § 215.322. History-New 12-22-83, Formerly 4C-4.04, Amended 1-26-88, 1-27-99, 9-9-01, Formerly 4C-4.004, Amended 9-11-11, 1-30-14.