Contract Summary

This is a Blanket Order Agreement (BOA) established between the State of Florida and Bank of America, N.A. The contract involves the State of Florida as the procuring agency, with Bank of America serving as the primary contractor. This agreement falls under Florida's state purchasing framework and authorizes Bank of America to provide specified services to the state and potentially other authorized entities within Florida's jurisdiction.

The BOA authorizes Bank of America to provide merchant processing services, including credit and debit card processing, transaction settlement, and related financial services. Pricing is structured on a transaction-based fee model with rates established in the pricing schedule attached to the agreement. The contract includes provisions for periodic renewals and allows for option periods extending the initial term. The agreement establishes Bank of America as a preferred vendor for the State of Florida's card processing needs, with pricing applicable to state agencies and potentially other public entities authorized to utilize the blanket order. Key terms include service level standards, data security requirements, and compliance with state and federal regulations governing financial transactions and payment processing.