Section 735.310  Processor Responsibilities

The Processor is responsible for the day-to-day management of the E-Pay Program and will perform the following:

a)         Enroll public agencies into the E-Pay Program as determined by the Treasurer;

b)         Provide for electronic credit card and check payment services via multiple payment formats in accordance with PCI data security standards and industry best practices;

c)         Provide customer service as determined by the Treasurer;

d)         Distribute funds from E-Pay Program activity into the participant's settlement account or to third-party service providers as described in Section 735.500;

e)         Retain copies of participant documents, including the enrollment form;

f)         Charge participants for the applicable services in accordance with the cost schedule;

g)         Provide the Treasurer and participants with sufficient reports and/or the ability to run reports; and

h)         File the participant's accurate 1099K with the Internal Revenue Service by the due date.

(Source:  Amended at 46 Ill. Reg. 19013, effective November 10, 2022)