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Board of Education Meeting Date: 6/11/2020
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| | | | | | | | Action under consideration
| | The Administration recommends that the Board of Education authorize The School District of Philadelphia, through the Superintendent or his designee, to execute and perform a contract, subject to funding, as follows:
| | | With:
CardConnect, LLC
Wells Fargo Bank, N.A.
| | | Purpose:
To facilitate the processing of Visa and Mastercard payments from parents in connection with Student Activity Funds transactions
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| | | | | | | | | | Start date: 7/1/2020
| | | End date: 6/30/2021
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| | | | | | | | | | Compensation not to exceed: $25,000
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| | | | | | | | | | Description:
This facilitates parent and guardian payments for student activity funds costs by participating in the Visa and Mastercard payment systems. The objective is to make student activity fund payments faster, easier and more convenient for parents and guardians than current cash and check payments, while relying on the well established secure payment systems provided by Visa and Mastercard. The School District seeks to work with CardConnect as this is the preferred payment processor for Technology Resource Associates, the encumbent vendor for our Student Activity Funds solution.
| | | Anchor Goal(s) Supported: Secure payments to minimize fraud
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| | | | | | | | | | Related resolution(s)/approval(s):
June 25, 2020; No. 17
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| | | | | | | | | | Funding Source(s):
Student Activity Funds (no ABC code applicable) -- All related fees are netted from the funds paid to the School District and then automatically distributed to the individual student activity fund bank accounts. |
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| | | | | | | | | | Office Originating Request: Board of Education
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