The City of Oak Forest is going to be saving a bit of change over the course of the next three years, thanks to a new contract with World Data Systems to handle the city's credit card transaction processing.
Since 2007, the city has allowed residents to pay for tickets, vehicle stickers and various other city-related costs by credit card. Previously, the city paid about $21,000 per year to its former credit card processor. Under the new contract, the city will pay just over $8,100—a savings of more than $12,000.
“It was just best practice to go out and see what the rates were,” said Finance Director Colleen Julian. “We're going to see some significant savings. They've offered some rates just specifically for municipalities, so we're going to capitalize on that.”
Under the new contract, the city will accept Visa, MasterCard and Discover, with five cents of every transaction and .05 percent of the paid amount going to World Data Systems.
The city council approved the measure in a unanimous vote.
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