(a) Payments made by financial transaction devices defined as: credit card, debit card, charge card, prepaid or stored value card, automated clearinghouse network credit, debit, or e-check entry that includes, but is not limited to, accounts receivable and internet-initiated, point of purchase, and telephone-initiated applications or any other device or method for making an electronic payment or transfer of funds shall be accepted for' any Village fee or expense. All Village officials and employees are authorized to accept payments by such financial transaction devices.
(b) A fee not to exceed five percent (5%) of the amount paid or a minimum of two dollars and fifty cents ($2.50) as a surcharge or convenience fee for persons using a credit card. A one dollar and fifty cent ($1.50) fee will be assessed to those accounts utilizing an electronic check transaction. Currently a twenty dollar ($20.00) fee or an a amount necessary to reimburse banking charges, legal fees, or other expenses incurred by the Village in collecting the returned or dishonored payment, whichever is greater, shall be paid as a penalty over and above the amount of the fee or expense due if a payment made by means of a financial transaction device is returned or dishonored for any reason.
(c) The Village Fiscal Officer is designated as an administrative agent to solicit proposals from financial institutions, issuers of financial transaction devices, and processors of financial transaction devices, to make recommendations about those proposals to Council, and to assist the Village offices in implementing the Village's financial transaction devices program.
(Res. 2022-20. Passed 11-15-22.)