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BILLING-0866 - USA (Brunswick, Georgia) - Banking Merchant and Investment Services - Deadline November 5,2019

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: BILLING-0866

Government Authority located in Brunswick, Georgia; USA based organization looking for expert vendor for banking merchant and investment services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

(1) Vendor needs to provide banking merchant and investment services to the government authority located in Brunswick, GA.
to use concentration and controlled disbursement accounts as a cash flow management tool to maximize its cash availability
- Account structure will be comprised of a concentration account, which will act as the master account for two zero-balance controlled disbursements accounts: payroll and general disbursements
- Daily reporting of ledger, collected, and available balances, total debits and credits, detail debits and credits
- Account detail for current month and one prior month for review of transactions
- Concentration and zero balance accounts daily interaction reporting
- Presentments of checks for controlled disbursement accounts not later than 10:00 am each day
- Monthly statements, to include hard copies, on-line, and electronic format, including check images
- Able to accept deposits at a branch up to 5:00 p.m. or at its operations center up to 6:00 p.m., provide lockbox service and credit joint water and sewer commission account on that day and to process checks at joint water and sewer commission locations for deposit through MICR and scanner technology
- Concentration account will be used to reimburse the zero-balance accounts for checks presented for payment at the close of the business day or at the opening of the following business day, whichever the financial institution prefers
- Able to accept initiation and release of internal and wire transfers from the zero balance accounts
- Settlement of the merchant transactions are deposited into a bank account designated by joint water and sewer commission on a daily basis
- Continual compliance with payment card industry data security standards and provide expertise and guidance regarding pci compliance to joint water and sewer commission
- Ability to direct-deposit daily gross receipts in joint water and sewer commission’s existing bank account
- Ability to interface with HARRIS citizen access software and offer multiple payments options.
(2) A mandatory pre-proposal meeting will be held on October 22, 2019.
(3) All questions must be submitted no later than October 25, 2019.
(4) The term of the contract will be one year.

[C] Eligibility:

- Onshore (USA Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Tuesday, 5 November, 2019

Pre-proposal Conference Date : Tuesday, 22 October, 2019

Question Answer Deadline : Friday, 25 October, 2019

Category : Billing Services, Auditing, Finance and Accounting, Banking Services

Country : USA

State : Georgia

Cost to Download This RFP Document : $ 5

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