What the buyer needs
AI summaryThe district seeks a vendor to provide banking and merchant card processing services, either directly or through district-approved partners, while remaining the primary point of accountability. Requested services include depository and account management, daily cash deposits, wire transfers, remote check deposit, account protection and fraud controls, merchant card processing for toll operations, an employee business credit-card program, customer service, and implementation under a transition plan. Only onshore US organizations are eligible to bid, and all work will be performed offsite. Vendors may submit proposals digitally via email or online. All questions must be submitted no later than November 20, 2026. The contract period will be for five years, and the district is currently looking for proposals.
Scope of work
- Depository and account services, including monthly account analysis and check images.
- Cash deposits and change orders coordinated with Brink's or an equivalent arrangement.
- ACH origination and receipt, wire transfers, internal transfers, and remote deposit capture.
- Account protection and security, including check positive pay, debit blocks, and check blocks.
- Merchant card processing for MasterCard, Visa, Discover, American Express, Apple Pay, and Google Pay.
- Employee business credit card program for employee travel and authorized expenses.
- Customer service, dedicated relationship contacts, and secure online access.
- Implementation and transition under a District-approved transition plan.
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Ability to deliver the complete banking and merchant-processing scope | Not specified |
| Relevant experience, references and implementation approach | Not specified |
| Total evaluated cost, including transition, banking, processing and card fees | Not specified |
Minimum qualifications
- Authorized to conduct business in Virginia as a Virginia Bank or national bank with a presence in Virginia.
- Maintain qualified public depository status in Virginia for District public deposits.
- Secure District deposits in accordance with the Virginia Security for Public Deposits Act.
- Demonstrate experience with public entities or comparable cash and card transaction operations.
- Maintain applicable payment-card security and PCI DSS compliance.
- Provide three comparable client references.
Documents to include with your response
- Signed letter identifying Proposer, authorized contact, and confirming scope coverage.
- Answers to Section V.B questions in order.
- Editable Attachment A pricing workbook.
- Separate merchant-processing and employee-card pricing schedules.
- Virginia SCC number or explanation.
- Signed Attachment C Proposal Certification acknowledging Attachment D.
- Sample statements, account analyses, transaction/deposit reports, and fraud-exception reports.
- Implementation schedule.
- Separately marked redacted copy, if requesting public-records protection.
How to submit
- Method
- Via Email
- Instructions
- Submit a readable signed proposal, supporting documents, and an editable Attachment A pricing schedule by email to the District Contact. Identify the RFP number in the email subject.
