Payment Processing Services (Statewide)

The New York State Procurement Indefinite Delivery Vehicle (IDV) Service PS68914 provides comprehensive payment processing services and related technologies. The contract encompasses secure depositing, funding, and reconciliation of payments, along with hardware, software, Point of Sales (POS) terminals, and multiple payment channels. This IDV is designed to support state and non-state agencies by offering a standardized approach to financial transaction management and payment infrastructure.

Key Merchant Services, LLC (KMS) is the prime contractor for this IDV, which was awarded by the New York State Office of General Services on December 20, 2019. The contract has a ten-year performance period, extending through December 19, 2029, and is classified as a service contract covering the entire state of New York. The contract is available to all state agencies and non-state agencies, providing a flexible procurement mechanism for payment processing solutions. Notably, the contract has established Minority and Women-owned Business Enterprise (MWBE) goals of 0%, and Service-Disabled Veteran-Owned Business (SDVOB) goals of 0%.