Posted Date : June 25,2019
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1529
Government Authority located in Howell, Michigan; USA based organization looking for expert vendors for banking services.
[A] Budget: Looking for proposal
[B] Scope of Service:
(1) Vendor needs to provide banking services that will utilize several checking accounts for the processing of its accounts payables, payroll check processing, electronic purchasing cards, and payment collections. The institution will furnish the Consortium with additional checking accounts as needed. NSF checks must be processed twice before being returned to the Consortium. The basic checking account services should, at a minimum: to the government authority located in Howell, MI.
- Provide month-end statements by the 10th day of the following month;
- Provide electronic check image retrieval online including necessary software;
- Provide individual and consolidated monthly account analysis for all accounts by the 15th day of the following month;
- Provide an on-line wire transfer system for transferring money to other institutions, along with appropriate security levels for wire transfer initiations and approvals;
- Provide an on-line intra bank transfer system for transferring funds from one bank account to another;
- Provide an on-line computer balance reporting system, with information on collected, available and closing balances, as well as a detail of total debits and credits posted to the account for the previous day, by 7:00 a.m. each business day;
- Provide an on-line reporting system that shows current day ACH credits and debits, by 7:00 a.m. each business day.
- Provide deposit reporting by location via an auxiliary MICR field or other means;
- Provide Positive Pay feature with exception reporting/return of unknown items;
- Provide on-line, stop-pay look-up and notification;
- Provide support in answering questions, troubleshooting problems and resolving issues in a prompt manner;
- Provide means to inquire about canceled checks and stop payment on checks upon proper authorization.
- Integration with the Blackbaud Financial Edge NXT Enterprise Resource (ERP) System and payroll/Human Resource Information System (HRIS)
- Compatibility; ability to import/export information with the ERP system and payroll/HRIS system
ACH Debit Services: The Consortium will process direct deposits of payroll bi-weekly. Other miscellaneous ACH transactions such as health reimbursement account transfers, credit card payments, and payroll related tax payments will flow through the account each month.
Credit/Debit Card Services: The financial institution will provide a corporate credit card account with up to 20 credit cards, which will be issued to Consortium managers for business related expenses. The Consortium’s corporate credit card account will be paid monthly through an automatic debit transaction.
Direct Deposit for Payroll: The Consortium offers and encourages its employees to utilize direct deposit for payroll. The Consortium pays its employees bi-weekly. On an average payroll, 85 employees receive direct deposit, with many employees having multiple bank account transfers.
following is a list of services the Consortium requires of its financial institution:
• Checking Accounts • Data Equipment Compatibility
• Money Market Accounts • ACH reporting
• ACH Debit Services • On-line balance reporting
• Credit/Debit Card Services • On-line Image Retrieval
• Direct Deposit for Payroll • On-line Stop-pays
• On-line wire transfers • Positive Pay on Checking Accounts
• Overdraft protection • Banking Supplies
• Line of Credit • Excellent customer service & response
(2) All question must be submitted no later than July 10, 2019.
[C] Eligibility:
Onshore (USA 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: July 19,2019
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
Image may be NSFW.
Clik here to view.
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-1529
Government Authority located in Howell, Michigan; USA based organization looking for expert vendors for banking services.
[A] Budget: Looking for proposal
[B] Scope of Service:
(1) Vendor needs to provide banking services that will utilize several checking accounts for the processing of its accounts payables, payroll check processing, electronic purchasing cards, and payment collections. The institution will furnish the Consortium with additional checking accounts as needed. NSF checks must be processed twice before being returned to the Consortium. The basic checking account services should, at a minimum: to the government authority located in Howell, MI.
- Provide month-end statements by the 10th day of the following month;
- Provide electronic check image retrieval online including necessary software;
- Provide individual and consolidated monthly account analysis for all accounts by the 15th day of the following month;
- Provide an on-line wire transfer system for transferring money to other institutions, along with appropriate security levels for wire transfer initiations and approvals;
- Provide an on-line intra bank transfer system for transferring funds from one bank account to another;
- Provide an on-line computer balance reporting system, with information on collected, available and closing balances, as well as a detail of total debits and credits posted to the account for the previous day, by 7:00 a.m. each business day;
- Provide an on-line reporting system that shows current day ACH credits and debits, by 7:00 a.m. each business day.
- Provide deposit reporting by location via an auxiliary MICR field or other means;
- Provide Positive Pay feature with exception reporting/return of unknown items;
- Provide on-line, stop-pay look-up and notification;
- Provide support in answering questions, troubleshooting problems and resolving issues in a prompt manner;
- Provide means to inquire about canceled checks and stop payment on checks upon proper authorization.
- Integration with the Blackbaud Financial Edge NXT Enterprise Resource (ERP) System and payroll/Human Resource Information System (HRIS)
- Compatibility; ability to import/export information with the ERP system and payroll/HRIS system
ACH Debit Services: The Consortium will process direct deposits of payroll bi-weekly. Other miscellaneous ACH transactions such as health reimbursement account transfers, credit card payments, and payroll related tax payments will flow through the account each month.
Credit/Debit Card Services: The financial institution will provide a corporate credit card account with up to 20 credit cards, which will be issued to Consortium managers for business related expenses. The Consortium’s corporate credit card account will be paid monthly through an automatic debit transaction.
Direct Deposit for Payroll: The Consortium offers and encourages its employees to utilize direct deposit for payroll. The Consortium pays its employees bi-weekly. On an average payroll, 85 employees receive direct deposit, with many employees having multiple bank account transfers.
following is a list of services the Consortium requires of its financial institution:
• Checking Accounts • Data Equipment Compatibility
• Money Market Accounts • ACH reporting
• ACH Debit Services • On-line balance reporting
• Credit/Debit Card Services • On-line Image Retrieval
• Direct Deposit for Payroll • On-line Stop-pays
• On-line wire transfers • Positive Pay on Checking Accounts
• Overdraft protection • Banking Supplies
• Line of Credit • Excellent customer service & response
(2) All question must be submitted no later than July 10, 2019.
[C] Eligibility:
Onshore (USA 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: July 19,2019
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
Image may be NSFW.
Clik here to view.
