Bank of America Merchant Services

The Florida Master Agreement IA512 is an Indefinite Delivery Vehicle (IDV) designed to facilitate electronic payment processing for state agencies and local governments. The contract enables participating governmental entities to accept major credit card payments, including Visa, Mastercard, and Discover, for goods and services. Additionally, the IDV provides comprehensive payment gateway services and electronic payment equipment, allowing agencies to streamline their financial transaction capabilities across various operational contexts.

The master agreement is awarded to the University of Florida and was administered by the Department of Education, with an initial performance period from October 22, 2013, to June 11, 2018. As a state-level contract specific to Florida, this master agreement serves as a strategic procurement vehicle for governmental payment processing infrastructure. While specific total contract value was not explicitly stated in the provided documentation, the contract type is classified as a Master Agreement, indicating broad applicability across multiple state and local government entities within Florida's jurisdictional boundaries.