Specifications include, but are not limited to: 1. Provide financial accounts and services for the following operations: I. Master operating account for processing ACH/EDI transactions, wire transfers, depository and related banking services. II. Zero Balance Account (ZBA) for check clearing and related banking services. III. Payroll account and related banking services. IV. Foundation accounts and related banking services. V. Compensating Balance account and related banking services. VI. Provide free personal checking or savings accounts for students and employees needed for direct deposit payments from University. 2. Provide credit card processing services for the following operations: I. Provide credit card processing and all applicable services related to the credit card process. II. Provide hardware and software based on the University’s needs. III. Provide technical support for problems encountered at the point of sale. IV. Provide the University with training and periodic updates on changes in card regulations. V. Engage in competitive practices related to new technology and/or processes to reduce the fees incurred by the University. 3. Provide purchasing card (P-Card) services for the following operations: I. Furnish P-Cards to employees of the University. II. Provide software for the P-Card program. III. Provide technical support to employees related to problems encountered with individual P-Cards and the P-Card software.
