Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 735 - E-PAY PROGRAM
Subpart C - ADMINISTRATION
Section 735.310 - Processor Responsibilities
Current through Register Vol. 48, No. 12, March 22, 2024
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.
