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Disbursement Agreement - Approval by DM
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2023-12-19 10:00 AM - Commissioners' Agenda
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Disbursement Agreement - Approval by DM
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Last modified
12/14/2023 12:15:39 PM
Creation date
12/14/2023 12:14:49 PM
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Meeting
Date
12/19/2023
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Item
Request to Acknowledge a Disbursements Agreement for Card Issuance between Rapid Financial Solutions and Kittitas County Superior Court
Order
6
Placement
Consent Agenda
Row ID
112272
Type
Agreement
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Exhibit A -Order Form <br />Capitalized terms not otherwise defined will have the meaning assigned to such terms in the Agreement. <br />Disbursements Software Process Overview: <br />1. Rapid will provide Client with an inventory of Disbursement Pamphlets and continue to fulfill inventory <br />requirements per the Client's usage. <br />2. Rapid provides Client with the account numbers and Client is responsible for assigning each individual recipient <br />with one of the account numbers and providing the Disbursement Pamphlet to the recipient. The Disbursement <br />Pamphlet contains the prepaid debit card ("Card"), the terms and conditions that govern the use of the Card, <br />("Cardholder Agreement"); information on how to contact customer service and other FAQ that might be useful <br />for ease of use. <br />3. When Client is ready to pay the recipient, Client will provide Rapid with the payment file or payment instructions <br />detailing the tokenized account number, recipient's information, and the amount to be loaded onto the Card and <br />once received by Rapid, Rapid provides the same details to the Sponsor Bank, and the Sponsor Bank loads the <br />funds to the Cards, which will be immediately available on the associated Card. <br />4. Options that the recipient will have to access their funds: <br />a. Use the prepaid Mastercard at any retail location that accepts Mastercard. <br />b. Cash out the card at a principal MasterCard I bank (All major banks). <br />c. Instantly transfer funds to a personal debit card. <br />d. Direct deposit into their personal bank account. <br />e. Push to their PayPal or Venmo account. <br />f. Request a paper check. <br />g. Donate the funds to a charity of their choice. <br />h. Use the funds to purchase a gift card. <br />The Disbursements Software is Rapid's proprietary software, APls, processes, user interfaces, know-how, techniques, <br />designs, ideas, concepts, and other tangible or intangible technical material or information provided to Client through <br />remote electronic access. Features and functionality are described below: <br />PAYMENT MANAGEMENT SOLUTION SERVICES SELECTED: <br />~ CourtFunds <br />CourtFunds: The Payment Management Program of CourtFunds streamlines the process of paying recipients through our <br />electronic funds transfer process utilizing prepaid cards as well as other digital solutions. <br />~ Jury Solution: Price per load: $0.66 <br />FEES and INVOICING/FUNDING MODEL <br />1. Fees. Client agrees to pay Rapid the Saas Fees and Implementation Fees, if applicable as set forth in this <br />Order Form. <br />2. Invoicing and Payment. If the funding model includes Saas Fees, then Rapid, or its affiliate, will invoice Client <br />the Saas Fees and Implementation Fees at the commencement of the Agreement, or as otherwise agreed <br />upon by the parties in writing. Unless otherwise specified in the Order Form, the currency is US Dollars and <br />payment for undisputed invoices is due within sixty (60) days of receipt of invoice. Unless expressly set forth <br />in the Order Form, fees are exclusive of taxes and third-party reseller fees. In the case of Client purchasing <br />directly from Rapid, Rapid's electronic payment information is provided in the invoice sent to Client and any <br />billing inquiries by Client should be directed Rapid's Accounts Receivable Department at l-800-772-2260 <br />(press 2) or email: AR@tylertech.com. <br />3. Rapid reserves the right to suspend access to the Disbursements Software if Client fails to pay the Saas Fees <br />or Implementation Fees in accordance with this Agreement. Rapid may also terminate this Agreement if <br />RAPID Agreement page 11 of 13
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