Comprehensive Banking Services

The University of Southern Mississippi is seeking one bank service provider for comprehensive depository, treasury management, payment processing, fraud prevention, and related banking services under a five-year contract beginning January 1, 2027.

University of Southern Mississippi


General
Open
9280-27-R-IFBD-00013
Oct 08, 2026 02:00 PM
Sep 18, 2026 12:00 AM
5 years
Invitation for/to Bid (IFB/ITB)
State
Ask AI about this solicitation
Original Solicitation Links
[

RFP 27-16

]

Banking Services

[

9280-27-R-IFBD-00013

]

9280-27-r-ifbd-00013

Contact
Submission Instructions
Mail
The University of Southern Mississippi Procurement Services, 118 College Drive #5003, Hattiesburg, MS 39406-0001

or

Hand delivery

or

Electronic submission through M.A.G.I.C.
Description

The University of Southern Mississippi is soliciting a single bank service provider for comprehensive banking services. The scope includes interest-bearing demand deposit accounts, monthly statements and reconciliation files, electronic deposit and wire notifications, local depository services, online banking, domestic and international wire transfers, Positive Pay, returned-item processing, account analysis, direct deposit and ACH processing, remote deposit capture, fraud prevention and cybersecurity, business continuity and disaster recovery, night depository access, coin and cash supplies, deposit slips, bank checks, and international check collection. The selected provider must be a Mississippi State Treasurer-designated Qualified State Depository, maintain required public-funds protections, provide customer support and transition assistance, and support the University's banking operations across Hattiesburg, Long Beach, and Ocean Springs. Proposals must address service and operational narratives, relevant higher-education or governmental clients and references, pricing schedules, proposed agreement terms, implementation, cybersecurity, disaster recovery, and ACH-processing capabilities. The contract term is five years, from January 1, 2027, through December 31, 2031.

Classification Codes
NAICS522110Commercial Banking
PSCR711Banking Services(includes accepting and cashing government checks and other payment instruments, accepting direct deposits, accepting payments to the government from the public)
Smart Codes
commercial banking servicestreasury management servicesach payment processing
Specifications
Service
Timeline
Sep 28, 2026-Questions Due
Oct 1, 2026-Responses to Written Questions / Addendum, If Needed
Oct 08, 2026 07:00 PM-Proposal Submission Deadline and Opening
Oct 15, 2026-Contract Award Decision
Oct 29, 2026-Contract Negotiations Finalized
Jan 1, 2027-New Contract Activation
Requirements
Scored
  • Minimum 5 references
  • Within the last 2 years
  • Client point of contact required for each reference
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