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Reso 2021-3185
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Reso 2021-3185
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Last modified
7/28/2021 3:03:08 PM
Creation date
4/28/2021 10:18:49 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2021-3185
Date (mm/dd/yyyy)
04/15/2021
Description
P.O. for unleaded fuel using fuel card program. State of Florida contract with WEX Bank.
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Master Agreement Administrator: Employee of the Lead State responsible for soliciting for and managing <br />the awarded Master Agreement <br />Master Agreement Authorized Representative: Employee of the Bidder authorized to sign bid submittal <br />documents, provide bid clarification responses, and function as the primary point of contact during <br />the solicitation and evaluation. <br />Merchant Category Codes (MCC): A system of four -digit codes, maintained by networks, used to identify <br />a merchant's principle trade, profession or line of business; a MCC is assigned to a merchant by the <br />merchant or merchant acquirer. <br />Merchant Negotiated Transaction: Transaction completed with a merchant that has an agreement with <br />the Association to complete theirs at a lower than standard interchange rate. <br />Merchant Negotiated Volume: Total quarterly merchant negotiated volume spend by a Purchasing <br />Entities for all card liability products in a Quarter. <br />Merchant Overrides: A transaction that has been pushed through by a merchant location. <br />National Annual Volume: Total annual volume spend by all Participating States/Purchasing Entitles for all <br />card products in a calendar year. <br />National Annual Volume Incentive: Rebate or Incentive Share earned by a Participating State based on <br />their contribution to the National Annual Volume. <br />Network: Entity that facilities the movement of transactional data between the Card Issuer and acquirer <br />and sets merchant rules for card acceptance. Organizations in this role include Visa, MasterCard, <br />American Express and Discover. Also referred to as Association. <br />Non -Standard Volume: Transactions that are processed using Reduced Interchange Rate as determined <br />through an agreement between the merchant and the Association. <br />Participating Addendum: An agreement signed by the Contractor and a Participating State that <br />incorporates the Master Agreement and any other additional Participating State specific terms and <br />conditions. <br />Participating Addendum Administrator: Employee of the Participating State responsible for the <br />management and administration of the Participating Addendum. <br />Participating Addendum Authorized Representative: Employee of the Participating State authorized to <br />sign the Participating Addendum. <br />Participating State: Any State, territory or entity (authorized by a state's chief procurement officer) that <br />chooses to execute a Participating Addendum under the awarded Master Agreement. May also be <br />referred to as Participating Entity. <br />Participating State Annual Volume: Total annual volume spent by a Participating States for all card <br />products in a calendar year. <br />MASTER AGREEMENT NO. 00819 - FLEET CARD SERVICES PAGE 70 OF 138 <br />
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