FINANCIAL_SERVICESRENEWED

City Renews One-Year Credit Card Processing Agreement

The City of Lake Forest will renew its professional services agreement with Core/Automated Merchant Systems for one additional year to provide credit card processing across multiple departments, with projected FY2027 costs of $294,500. The extension includes a 30-day early termination option without penalty while the City evaluates integrated payment solutions with other software providers.

Status
RENEWED
Document date
July 20, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Core/automated Merchant Systems (ams)
Agency
City of Lake Forest · IL

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$294,500
Contract type
FINANCIAL_SERVICES
Contract term
Additional one-year renewal; option to terminate early with 30 days’ notice
Renewal date
2027-06-30
Renewal
Original 3-year contract approved June 6, 2020, followed by a 2-year extension in 2023 and a 1-year extension in 2025; this action adds one more year with a 30-day no-fee early termination clause while an RFP for future processing is developed.
Document type
Agenda
Source document
City of Lake Forest City Council Agenda 2026-07-20

Related contracts

Other contracts from Core/automated Merchant Systems (ams).

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lake Forest?

Core/automated Merchant Systems (ams) was awarded this financial services contract by City of Lake Forest, as recorded on July 20, 2026. The contract value is $294,500.

How much is the Core/automated Merchant Systems (ams) contract with City of Lake Forest worth?

The Core/automated Merchant Systems (ams) contract with City of Lake Forest is valued at $294,500, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Lake Forest City Council Agenda 2026-07-20 (Agenda), dated July 20, 2026 from City of Lake Forest. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Core/automated Merchant Systems (ams) hold?

Core/automated Merchant Systems (ams) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Core/automated Merchant Systems (ams)'s profile

What is City of Lake Forest currently buying?

Explore City of Lake Forest's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Lake Forest's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free