Posting Language
Title
Authorize an amendment to a contract for continued credit and debit card processing services for Austin Financial Services with Paymentech LLC, to extend the term up to six years and three months and increase the amount by $3,000,000 for a revised total contract amount not to exceed $14,658,000. Funding: $90,000 is available in the Operating Budget of Austin Financial Services. Funding for the remaining contract term is contingent upon available funding in future budgets.
Body
Lead Department
Austin Financial Services.
Client Department(s)
Austin Financial Services.
Fiscal Note
Funding in the amount of $90,000 is available in the Fiscal Year 2025-2026 Operating Budget of Austin Financial Services.
Funding for the remaining contract term is contingent upon available funding in future budgets.
Procurement Language:
Contract Amendment.
MBE/WBE:
This contract was awarded in accordance with City Code Chapter 2-9B (Minority-Owned and Women-Owned Business Enterprise Procurement Program). For the goods and services required for this contract, no
subcontracting goals were established.
Prior Council Action:
August 4, 2016, - Council approved a contract for credit and debit card processing services with Paymentech LLC.
April 24, 2025, - Council approved an amendment for continued credit and debit card processing services with Paymentech LLC.
For More Information:
Direct questions regarding this Recommendation for Council Action to Austin Financial Services - Central Procurement at: FSDCentralProcurementRCAs@austintexas.gov or 512-974-2500.
Additional Backup Information:
This amendment ensures the continued availability of essential credit and debit card processing services across several City departments, including Austin Convention Center, Austin Public Library, and Austin Municipal Court. While the City recently awarded a new citywide contract for merchant card processing services, certain specialized processing requirements currently...
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