June 17, 2016
The Office of the Illinois State Treasurer (“Treasurer”) is issuing this Request for Proposals (“RFP”) for a credit/debit card and electronic check (“E-check”) payment processing vendor to provide electronic payment services via point-of-sale (“POS”), internet and telephone for The Illinois Funds/E-Pay program (“E-Pay”) to E-Pay Participants (“Participants”).
The successful Respondent (“Contractor”) shall assist the Treasurer’s Office in providing the following core services: (1) electronic payments processing (2) funding and settlement, (3) customer service, (4) marketing, and (5) reporting capabilities. The Treasurer seeks a unified Proposal that offers to provide all of the core services through the Contractor, with sub-contracts as desired by the Contractor and approved by the Treasurer. Respondents must submit their Proposals by 12:00 p.m. CT on August 11, 2016.
The Contractor shall enter into a contract with the Treasurer (“Agreement”) for an initial term of six (6) years. Upon expiration of this term, the Treasurer may elect to extend the Agreement for a period of time agreed upon by the parties, not to exceed a total of ten (10) years.