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Committee backs Treasurer’s plan to renew online payment contract, staff says San Francisco’s consumer rate is low

San Francisco Board of Supervisors Budget and Finance Committee · June 10, 2020
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Budget and Finance Committee voted to forward to the full Board a resolution authorizing the Treasurer and Tax Collector to extend and increase a payment‑processing contract; staff said San Francisco’s consumer merchant fee (about 2.25%) is at the low end among neighboring counties and the contract includes a small‑ticket no‑fee component and eCheck option.

The Budget and Finance Committee voted unanimously to forward to the full Board a resolution authorizing the Office of the Treasurer and Tax Collector to amend a software‑as‑a‑service agreement for online payments, extending the term and increasing the contract amount by $27,400,000 for a revised cap…

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