Fiscal Agent and Merchant Services

Description

PURPOSE OF THIS REQUEST FOR PROPOSALS The purpose of the Request for Proposal (RFP) is to solicit sealed proposals to establish a contract through competitive negotiations for the procurement of Fiscal Agent and Merchant Services. B. BACKGROUND INFORMATION The City of Santa Fe requires a sophisticated financial institution to partner with in order to provide financial services to the public, vendors, and employees while prudently and efficiently managing the many financial transactions the City engages on a daily, weekly, monthly basis. This Fiscal Agent contract is required and highly imperative and critical to stay in compliance with federal, state and municipality oversights. The City desires to award a four-year contract. C. SCOPE OF PROCUREMENT The City requires a depository that is fiscally strong, has a user-friendly online banking system and is able to provide the minimum required services on an uninterrupted basis. All qualified institutions, as defined below, are invited to submit a proposal. Existing City accounts, their inter-relationships, and the bank services provided represent the minimum service level required of all financial institutions responding to this RFP. The resulting contract may be a multiple award. This procurement will result in a contractual agreement between two parties; the procurement may ONLY be used by those two parties exclusively.

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