Comprehensive Banking Services
University of Arkansas
Original Solicitation Links
FB-27-003
]FB-27-003 RFP General Banking Services
Contact
Submission Instructions
Description
The University of Arkansas at Little Rock is soliciting proposals from qualified financial institutions for one or more of six service groups: general banking and depository services; merchant card processing; lockbox processing; payroll card processing; prepaid loadable cards; and investment services. Requirements include demand deposit and zero-balance accounts, local branch support, cash and check processing, remote deposit capture, positive pay, ACH and domestic/international wire services, online reporting, collateralized deposits, merchant card processing on a pass-through pricing basis, lockbox imaging and reporting, payroll card administration, reloadable prepaid cards, and investment strategies for operating funds and reserves. Respondents may propose for one or more service groups, and the university intends to select a single financial institution. The technical response must address experience, solution, and risk, with specified four-page limits for each evaluation subsection. Separate technical and financial proposal packets are required, along with the official price sheet and fee worksheet. The resulting contract is anticipated to have a four-year initial term, with up to three additional one-year renewals.
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