SBE: Agency Travel Card and Related Services

The Illinois State Board of Education (ISBE) awarded an agency credit card and related services contract to INB National Association through competitive sealed bidding (Solicitation 26-586SBE-FINAN-B-51107). The contract, effective June 23, 2026, extends through June 30, 2034, with a maximum term of ten years. The awarded vendor will provide a comprehensive commercial credit card system designed exclusively for official State of Illinois government business expenses, including travel, lodging, and related expenditures compliant with Illinois Travel Control Board regulations. The vendor must issue cards on a worldwide basis and establish administrative controls permitting ISBE's Agency Coordinator to limit card usage by industry category. The contract encompasses five primary service line items: administrative and set-up fees for one master account, set-up fees per user account (approximately two users), annual fees per account, miscellaneous fees not included in other categories, and merchant service fees per transaction. The contract is valued at $25.00 for the initial term, with an estimated annual transaction volume of $330,000, though the majority of vendor revenue will derive from interchange fees at no direct cost to the State.

The vendor is required to maintain extensive system capabilities including detailed reporting functionality, 24/7 customer service via toll-free and electronic communications, fraud prevention protocols, emergency card replacement within five business days, and worldwide card acceptance. ISBE mandates specific insurance coverage including Professional Liability Insurance ($1,000,000 per claim/$1,000,000 aggregate), Cyber Liability Insurance ($2,000,000 per claim/$2,000,000 aggregate), General Commercial Liability Insurance ($1,000,000 per occurrence/$2,000,000 annual aggregate), Auto Liability Insurance ($1,000,000 per occurrence), and Worker's Compensation Insurance. Approximately 75 percent of the contract funding derives from federal sources. The contract is administered through ISBE's Finance Division (FINANCE586), with agency contact Jason Perry located at 100 North First Street, Springfield, Illinois 62777.