CHICAGO (COOK COUNTY)contract

Contract Summary: Fifth Third Bank Payment Processing Agreement

Original title: Contract 14784: FIFTH THIRD BANK — PRO SERV CONSULTING $250,000orABOVE (Chicago, IL)

August 2, 2013

finance government-contracts payment-processing chicago

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The Frame

What this does

This contract established the payment processing infrastructure for the City of Chicago Department of Revenue during the 2007-2012 period, which managed how the city collected funds.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Fifth Third Bank

The vendor responsible for providing payment processing services to the city.

City of Chicago Department of Revenue

The agency responsible for overseeing the payment processing agreement.

Vantiv LLC

The entity that received the transfer of payment processing services from Fifth Third Bank.

What changed

Last recorded activity August 2, 2013.

What's next

Next step not available in the current record.

Summary

This document outlines a professional services consulting contract between the City of Chicago and Fifth Third Bank for payment processing services. The contract was active from 2007 to 2012 and involved a transfer of services to Vantiv LLC.

Key Facts

Contract number 14784 was established for professional services consulting.
The contract was managed by the City of Chicago Department of Revenue.
The contract start date was June 4, 2007.
The contract end date was January 12, 2012.
The contract was approved on August 2, 2013.
The agreement involved a transfer of services to Vantiv LLC under Purchase Order 26134.
The award amount is listed as $0, indicating this may be a master service agreement or a fee-based processing contract rather than a direct grant.

Frequently Asked Questions

What was the purpose of this contract?

The contract provided payment processing services for the City of Chicago Department of Revenue.

Is Fifth Third Bank still the payment processor for the city under this contract?

No, the contract ended on January 12, 2012, and services were transferred to Vantiv LLC.

Why It Matters

This contract established the payment processing infrastructure for the City of Chicago Department of Revenue during the 2007-2012 period, which managed how the city collected funds.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Service Transition

The contract explicitly notes a transfer of services to Vantiv LLC, indicating a change in the city's payment processing vendor during the contract lifecycle.

Fifth Third Bank Vantiv LLC