Banking Services - ACH, Check and Virtual Card

The University of North Carolina at Greensboro (UNCG) has issued Request for Proposal (RFP) #69-MFL-0001 seeking qualified financial institutions to provide comprehensive banking services focused on outsourced payment processing solutions. The procurement specifically covers ACH payments, virtual credit card payments, and outsourced check printing, with a requirement to maintain local check printing capabilities. Key deliverables include an application portal with integration capabilities to UNCG's Ellucian Banner financial system, supplier onboarding services, and ongoing technical support. The RFP requires vendors to be registered financial institutions with regulatory oversight, capable of handling complex payment processing and demonstrating financial stability. Critical evaluation criteria will likely include cybersecurity measures, fraud prevention capabilities, and electronic payment adoption strategies. The proposal submission deadline is May 15, 2025 at 2:00 PM ET, with a virtual bid opening scheduled for 3:00 PM ET the same day. A mandatory pre-proposal conference will be conducted virtually on April 17, 2025.

The RFP does not explicitly mention set-aside designations or restrictions for specific enterprise types. The current payment volumes provide context for the contract's scope: 9,800 checks totaling $163 million, 544 virtual card transactions totaling $2.2 million, and 1,400 ACH transactions totaling $18.4 million. The contract will have an initial three-year term with options to renew for two additional one-year periods. Vendors must provide a comprehensive payments portal with multi-factor authentication, demonstrate ability to reduce paper check usage, and maximize potential rebate opportunities. While specific budget ranges are not disclosed, the annual transaction volumes suggest a significant financial opportunity for the selected vendor. The procurement is specifically located in Guilford County, North Carolina, and is limited to financial institutions capable of meeting UNCG's complex payment processing and technological integration requirements.