Posted Date : January 24,2022
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-3932
Government authority located in Franklin, Tennessee; USA based organization looking for expert vendor for comprehensive banking, including general banking and lockbox processing services.
[A] Budget: Looking for Proposal
[B] Scope of Service:
(1) Vendor needs to provide comprehensive banking, including general banking and lockbox processing services to the government authority located in Franklin, TN.
- The bank also provides lockbox services. currently, payments are made for utility service bills through the provider’s lockbox service. the payment coupons have a p.o. box address. after processing, the city is notified by email late in the day that the file for payments received that day is ready. the deposit is posted to the city’s bank account that day. this file is retrieved by internet and used to post the collections to customer accounts the following morning. copies of the payment checks and the payment coupons are available online using the provider’s secure site. in addition, the lockbox service is used to accept payments electronically for online banking payments processed using the Mastercard RPPS payment aggregation application.
- The proposer may propose a location of their choosing for customer remittances and lockbox processing if it does not delay overall processing time. overall processing time includes the time the remittance is mailed from a franklin post office to the time the payment is received and posted by the proposer. the bank will pick up mail each business day, endorse, image, and deposit checks received that meet acceptance criteria. funds deposited will be supported by deposit slips to accompany the matching payment coupons. all processed payments plus a copy of the deposit slip should be available to the city the next morning.
(2) All questions must be submitted no later than February 10, 2022.
[C] Eligibility:
- Onshore (US Organization Only);
[D] Work Performance:
Performance of the work will be Offsite.
Budget :
Deadline to Submit Proposals: February 22,2022
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : BANKING-3932
Government authority located in Franklin, Tennessee; USA based organization looking for expert vendor for comprehensive banking, including general banking and lockbox processing services.
[A] Budget: Looking for Proposal
[B] Scope of Service:
(1) Vendor needs to provide comprehensive banking, including general banking and lockbox processing services to the government authority located in Franklin, TN.
- The bank also provides lockbox services. currently, payments are made for utility service bills through the provider’s lockbox service. the payment coupons have a p.o. box address. after processing, the city is notified by email late in the day that the file for payments received that day is ready. the deposit is posted to the city’s bank account that day. this file is retrieved by internet and used to post the collections to customer accounts the following morning. copies of the payment checks and the payment coupons are available online using the provider’s secure site. in addition, the lockbox service is used to accept payments electronically for online banking payments processed using the Mastercard RPPS payment aggregation application.
- The proposer may propose a location of their choosing for customer remittances and lockbox processing if it does not delay overall processing time. overall processing time includes the time the remittance is mailed from a franklin post office to the time the payment is received and posted by the proposer. the bank will pick up mail each business day, endorse, image, and deposit checks received that meet acceptance criteria. funds deposited will be supported by deposit slips to accompany the matching payment coupons. all processed payments plus a copy of the deposit slip should be available to the city the next morning.
(2) All questions must be submitted no later than February 10, 2022.
[C] Eligibility:
- Onshore (US Organization Only);
[D] Work Performance:
Performance of the work will be Offsite.
Budget :
Deadline to Submit Proposals: February 22,2022
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$