Posted Date : June 16,2020
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-2359
Government Authority located in Nebraska; USA based organization looking for expert vendor for automated clearing house origination services.
[A] Budget: Looking For Proposal
[B] Scope of Service:
Vendor needs to provide automated clearing house origination services
- Automated Clearing House (ACH) is an electronic network for financial transactions, ACH processes large volumes of credit and debit transactions in batches, ACH credit transfers include direct deposit payroll and vendor payments,
- ACH direct debit transfers include consumer payments on insurance premiums, revenue tax obligations, child support payment, and other kinds of payments,
- Seeking a state or national bank contractor that will work with State agencies to develop additional electronic solutions to receive payments via ACH, thus enabling the State to continue reducing check processing charges and to allow all agencies to continue to exercise the specific requirements of each agency’s process of ACH credits and debits,
- ACH ORIGINATION SERVICES:
- Multiple agencies are also receiving NACHA-formatted files from the State’s current ACH processor. Administrative Services processes all ACH vendor and payroll payments on behalf of State agencies,
- PROVIDE BANK ACCOUNT A bank account will be established with the contractor where ACH files will be credited and debited. ACH debit files will be funded on settlement date, which could mean that the account will be in a daylight overdraft every morning. Treasury Management will wire money into the account daily so that an approximate balance of $4 million could be maintained.
[C] Eligibility:
Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: August 18,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-2359
Government Authority located in Nebraska; USA based organization looking for expert vendor for automated clearing house origination services.
[A] Budget: Looking For Proposal
[B] Scope of Service:
Vendor needs to provide automated clearing house origination services
- Automated Clearing House (ACH) is an electronic network for financial transactions, ACH processes large volumes of credit and debit transactions in batches, ACH credit transfers include direct deposit payroll and vendor payments,
- ACH direct debit transfers include consumer payments on insurance premiums, revenue tax obligations, child support payment, and other kinds of payments,
- Seeking a state or national bank contractor that will work with State agencies to develop additional electronic solutions to receive payments via ACH, thus enabling the State to continue reducing check processing charges and to allow all agencies to continue to exercise the specific requirements of each agency’s process of ACH credits and debits,
- ACH ORIGINATION SERVICES:
- Multiple agencies are also receiving NACHA-formatted files from the State’s current ACH processor. Administrative Services processes all ACH vendor and payroll payments on behalf of State agencies,
- PROVIDE BANK ACCOUNT A bank account will be established with the contractor where ACH files will be credited and debited. ACH debit files will be funded on settlement date, which could mean that the account will be in a daylight overdraft every morning. Treasury Management will wire money into the account daily so that an approximate balance of $4 million could be maintained.
[C] Eligibility:
Onshore (USA Organization Only);
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: August 18,2020
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$