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Approval of Increase to Contract with Paymentus Corporation for Merchant Payment Services
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An increase to the purchase order (PO) with Paymentus Corporation for Merchant Payment Services is requested.
If approved by the Board, an amended PO will be issued by the Albuquerque Bernalillo County Water Utility Authority to enable Paymentus Corporation to continue to provide Merchant Payment Services.
Approval of this item shall also serve as delegation of authority for the Executive Director to approve all future amendments to this contract, if any.
FISCAL IMPACT:
The funding is expected to exceed the $500K threshold.