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Valley Stream staff recommend switching parking meter merchant services to Citizens Bank to cut processing fees
Summary
Village staff told the Board of Trustees that moving parking meter merchant services from TSYS to Citizens Bank could reduce administrative fees by an estimated $800–$1,100 per month; the board agreed to place the contract approval on the next meeting agenda.
Village of Valley Stream staff told the Board of Trustees on a regular meeting that Citizens Bank has proposed replacing the village’s current merchant services provider for parking-meter transactions and could reduce monthly administrative fees.
Michael, a village staff member, said the village currently pays TSYS about $7,500 to $8,000 per month to process credit-card payments for parking meters and Flowbird transactions. “They project that they’re…
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