Summary Sheet- RFCA SUMMARY

CITY OF TEMPE
Meeting Date: 4/30/2026  
REQUEST FOR COUNCIL ACTION
Agenda Item: 7B1
ACTION:  Approve the utilization of a two-year City of Fort Worth cooperative contract with JPMorgan 
Chase Bank, N.A. for a virtual card payment program using a City of Fort Worth cooperative contract.
FISCAL IMPACT:  There are no direct fees paid by the City for this program since fees are paid for 
by the vendors who elect to receive payment from the City using this program. The program provides a 
revenue generated rebate annually which fluctuates based on the amount of payments processed 
through the program. The estimated, annual rebate is anticipated to be somewhere between $245,000 
and $512,000.
RECOMMENDATION:  Approve the utilization of the contract.
 
BACKGROUND INFORMATION:  (21-0095) The City of Fort Worth solicited and awarded a contract 
for procurement card services which contains cooperative language allowing its use by other 
governmental agencies. Fort Worth utilized a competitive solicitation process that established a fully 
integrated procurement card program which included a virtual card payment program with an annual 
rebate based on the amount of payments processed through the program by the City of Tempe. This 
revenue-generating program provides the City with the means to modernize and improve its accounts 
payable processes while offering vendors a flexible payment option. Virtual payment cards provide a 
secure, efficient, and cost-effective alternative to traditional payment methods such as checks and ACH.
By enabling vendors to self-select virtual card payments, the City can reduce administrative costs 
associated with paper checks, minimize fraud risk through enhanced security controls, and accelerate 
payment processing times. The program also improves cash management and provides increased 
transparency and reporting capabilities.
Additionally, vendors benefit from faster payments and potential access to working capital advantages, 
making this an optional, mutually beneficial solution that supports both operational efficiency and vendor 
satisfaction.
ATTACHMENTS: N/A
STAFF CONTACT(S):  Wayne Knowles, Accounting Supervisor, (480) 350-8972
Department Director:  Laura Calder, Financial Services Director
Legal review by:  Dave Park, Senior Assistant City Attorney
Prepared by:  John Snow, Procurement Officer