Electronic Fund Transfer Services (DGS-OTA)

This state and local contracting opportunity is for Electronic Fund Transfer Services, issued by the California Department of General Services Procurement Division (DGS-PD) on behalf of the California State Controller's Office (SCO). The selected contractor will serve as the Originating Depository Financial Institution (ODFI) to distribute state payments through a direct deposit program to Receiving Depository Financial Institutions. The contract term is for three (3) years from November 1, 2024, to October 31, 2027, with two (2) optional two (2) year extensions. Key services include credit/debit/prenote transactions, addenda record processing, reversals/deletions/returns, data submissions, payment tracers, returned items, ACH letter of indemnity, and ACH file confirmation emails. Bidders must meet minimum qualifications such as ODFI experience, Western Payments Alliance membership, and the ability to meet specific data transmission, security, and operational requirements. The award will be made on an "All or None" basis to the responsive and responsible bidder with the lowest cost.

The IFB does not mention any set-aside designations or restrictions on the types of organizations that can respond. There are also no listed incumbent vendors or current contractors, and no information on existing infrastructure or technology that requires integration. The documents provided do not specify possible award values or budget ranges.