BILLING-1021 - USA (Oklahoma) - Merchant Services - Deadline May 12,2020

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: BILLING-1021

Government Authority located in Oklahoma; USA based organization looking for expert vendor for merchant services.

[A] Budget: Looking for proposal

[B] Scope of Service:

(1) Vendor needs to provide merchant services on an as needed basis.
- The term acquiring bank refers to a bank or financial institution that processes credit or debit card payments on behalf of a merchant.
- The term application programming interface shall refer to use of software interface rules allowing software applications, controlled by different developers, to exchange information in real time across disparate software systems.
- The term approved scanning vendor shall mean an organization that validates adherence to data security standard requirements by performing vulnerability scans of internet-facing environments of merchants and service providers.
- . The term card association is a network of issuing bank and acquiring bank that process payment cards of a specific brand.
- The term chip card refers to a standard-size plastic debit card or credit card which contains an embedded microchip, as well as a traditional magnetic stripe, that encrypts information to increase data security
- The term merchant account refers to a type of bank account required when accepting debit and credit card payments. The merchant account is established under the merchant agreement.
- The term merchant services refer to authorized financial services that allow a business to accept credit card or bank debit card transactions using online ordering or point of sales systems.
- The term point of sale shall mean the time and place where a retail transaction is completed.
(2) All the questions must be submitted no later than May 5, 2020
(3) The contract period will be for three year.  

[C] Eligibility:

Onshore (US organization Only)

[D] Work Performance:

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

Expiry Date : Tuesday, 12 May, 2020

Question Answer Deadline : Tuesday, 5 May, 2020

Category : Billing Services, Software, System and Application

Country : USA

State : Oklahoma

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