Specifications include, but are not limited to: The selected Proposer will review the Authority’s monthly billing statements to assess credit card interchange fees based on industry standards. As a result of their analysis, the Proposer will negotiate with the entities charging an interchange fee or fees for processing credit card payments to the Authority to reduce monthly credit card interchange fees. The Authority reserves the right to determine interchange fees that are eligible to be reviewed by the Proposer and therefore eligible for inclusion in the calculation of the Proposers fee. The required services will include, but not be limited to the following: • Review and analysis of monthly (or other applicable period such as quarterly or annual) credit card interchange fees related to payment receipts; • Reporting the results of review and analysis of monthly/periodic credit card interchange fees, describing the accuracy and applicability of charges in summary form and, upon request, in such detail to include transactional reporting, with a statement as to reasonableness and accuracy, and identifying cost savings recommendations by description and amount in summary form, with supporting detail including calculations and schedules for amounts identified; • Provide a formal action plan for practical recommendations reported to the Authority as a result of invoice review or industry change, including goals, tasks and steps, actions to be taken by the Contractor and the Authority, a plan, timeline and description of expected results, including supporting calculations and schedules as needed to detail any cost savings included in the expected results;
