April 18, 2017
The Office of the Illinois State Treasurer (“Treasurer”) is issuing this Request for Proposals (“RFP”) for Automated Teller Machine (ATM) Services – State Agencies to provide employees and visitors to various State of Illinois Agencies (“Agency” or “Agencies”) convenient access to ATM services on a year-round basis and for special events. Specifically, such ATM services include the installation, branding, cash management, cash delivery, technical support, customer service, and maintenance of ATMs located at multiple Agency facilities. Vendors and financial institutions that submit Proposals (“Respondent”) shall submit their Proposals by 2:00 p.m. CT on May 12, 2017.
The Treasurer seeks a Contractor with an efficient and cost effective ATM services process. The winning Respondent (“Contractor”) must be authorized to do business in Illinois and have a presence in Illinois. In addition, if Respondent is a financial institution, then Respondent must also be an Illinois bank or a national bank with a presence in Illinois and be a member of the Federal Reserve System with access to all services as a member bank, and qualify as a depository of public funds. At the time the Contractor submits its Proposal, or prior to that time, if required by law, the Contractor must have all required licenses, bonding, facilities, equipment and trained personnel necessary to perform the work specified in this RFP.
Finally, the Contractor must have a minimum of five (5) years of experience performing the services being sought by this RFP. The Contractor shall enter into a contract with the Treasurer (“Agreement”) for an initial term of four (4) years. Upon expiration of this term, the Treasurer may elect to extend the Agreement for additional periods of time, not to exceed a total of ten (10) years, including the initial four (4) years.
Story Excerpt: The National Association of State Treasurers recently outlined some legislative priorities that would broaden ABLE accounts’ reach..