April 4, 2016
Any bank qualified to act as the state servicing bank pursuant to A.R.S. 35-315(A) is hereby invited to submit a bid (Appendix A) to provide services as contained in this Request for Proposal and by virtue of its bid agrees to abide by all terms and conditions contained herein. The qualified bank meeting the qualifications set forth herein and providing the highest value to the state, may be designated as the servicing bank pursuant to A.R.S. 35-315(C). Any merchant card processing firm is invited to submit a bid for only merchant card processing services, and by virtue of its bid agrees to abide by all terms and conditions contained herein as they relate to merchant card processing.
The successful proposer to be the State’s Servicing Bank and/or Merchant Card Processor will enter into a contract with the State Treasurer for the period from January 1, 2017 through December 31, 2019 (initial contract term is three years), with two possible one-year extensions thereafter by mutual agreement.