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CIT- e -NET. Internet Solutions For Local Government. Helping Local Government , Citizens and Local Business Work Together. CIT- e -NET. e -Payment Solutions Tax & Utility Payments. Payment Direct to Municipality by Taxpayer

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Internet Solutions For Local Government


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    Presentation Transcript
    1. CIT-e-NET Internet Solutions For Local Government Helping Local Government , Citizens and Local Business Work Together

    2. CIT-e-NET e-Payment SolutionsTax & Utility Payments • Payment Direct to Municipality by Taxpayer • Flexibility to Select & Change Bank & Credit Card Processor Without Losing Online Payment Capability & Payment Records • Full 24x365 Online Payment Capability

    3. CIT-e-NET ACH & Credit Card • ACH Electronic-Check Payment Method • Use Municipality’s Bank • Municipality Can Select & Change Bank • No Transaction Fee • Municipality Convenience-Fee Option

    4. CIT-e-NET ACH & Credit Card • Credit Card Payment Option • Municipality Can Select & Change Credit Card Merchant Services Processor • No Transaction Fee • Municipality Convenience-Fee Option (Merchant-Service Fee Paid By Taxpayer To Municipality to cover credit card processing costs)

    5. CIT-e-NET Price vs. Cost What is the Real Cost? HIDDEN COSTS • Transaction Interest Costs (Read The Fine Print) • Banking % Charges = $$$ Cost (1/10 of $1% x Deposit Balance = $$$) • Is Your Tax Data Secured or Sold? (Is a 3rd party selling your Tax Data?)

    6. CIT-e-NET What is the Real Cost? Fee vs. Free • TRANSACTION-FEE BASED PAYMENTS • (Transaction-fee) x (Many Payments) = High Total-Cost & High Disincentive for Taxpayers • High Disincentive for Taxpayers = Fewer online payments • Fewer Payments = Lower Benefit for Tax Office & Staff

    7. CIT-e-NET Pricing - Fee vs. Free • SUBSCRIPTION-FEE BASED • (No transaction-fee) x (Many Payments) = Low Total-Cost & High Incentive for Taxpayer • Higher Incentive for Taxpayers = Many online payments • Many Online Payments = Highest Benefit for Tax Office & Staff

    8. CIT-e-NET Pricing - Fee vs. Free • TRANSACTION-FEE BASED • Catch-22 Scenario: Either • Transaction-Fee = Disincentive for Taxpayers = Fewer Online Payments = Low Benefit for Tax Office Or • Transaction-Fee (not being a disincentive) x Many Online Payments = VERYHIGHTOTAL COST for Taxpayers & Overall Municipality Constituent Base

    9. CIT-e-NET Pricing - Fee vs. Free • Subscription-Fee = Lower Total-Cost • Subscription-Fee = Highest Benefit for Tax Office & Taxpayer

    10. CIT-e-NET e-Payment SolutionsVendor Considerations • Things to consider when selecting a vendor • Price vs. Cost • Flexibility to Choose & Change • Bank • Credit Card Processor • Encourage or Discourage Use • Benefits to Taxpayers & Tax Office • Tax Data Security • Data Sold? • Intellectual Property? • Hidden Costs – Interest Analysis – 1/10 of 1% = ? • Lost Revenue (Interest) is Cost

    11. CIT-e-NET e-Payment SolutionsTax & Utility Payments • CONTACTCIT-e-NET info@cit-e.net • VISIT CIT-e-NET www.cit-e.net