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Transaction Network Services Inc. 3/25/2022
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Transaction Network Services Inc. 3/25/2022
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Last modified
4/22/2022 2:12:31 PM
Creation date
4/22/2022 2:11:49 PM
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Contracts
Contractor's Name
Transaction Network Services Inc.
Approval Date
3/25/2022
Department
Purchasing
Department Project Manager
Theresa Bauccio-Teschlog/Ruben Sanchez
Subject / Project Title
Credit Card Services Everpark Garage
Tracking Number
0003310
Total Compensation
$0.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
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"Sponsor"means the financial institution that sponsors TNS's participation in the Bulk Electronic Clearing <br /> System for the purposes of TNS's processing of Electronic Transactions. <br /> "Term"is the period specified in this Service Agreement Schedule(subject to any earlier termination or extension in <br /> both cases in accordance with the terms set forth herein and the terms set forth in the Agreement); <br /> "Terminal Software Compliance Fee"A software maintenance fee,which provides the Client with monitoring <br /> services,inactive notifications and maintenance compliance of Client's terminals connected to the Services. <br /> This fee provides Client with access to periodic updates of the credit card reader software.These updates may <br /> include,but are not limited to security updates and new feature releases. <br /> "Transaction"means any Card Holder transaction type,including but not limited to Approved,Declined,Payments, <br /> Pre-Authorisations,Completions,Refunds and Reversals. <br /> "Transaction Fee"A fee charged to Client for every Transaction received by the TNS gateway as specified in Exhibit <br /> 2.Each month TNS will bill Client an aggregate Transaction Fee calculated by multiplying the total number <br /> of Transactions in such month by the applicable per Transaction Fee; <br /> 11 <br />
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