Specifications include, but are not limited to: The City of Albany is requesting proposals from qualified commercial banking institutions for banking, merchant, and procurement card services. The scope of work includes, but is not limited to, depository services (remote or in person), cash management, treasury management, investment, automated clearing house, wire services, positive pay, merchant card services, custodial, escrow accounts, security features (secure access, tokens, multi-factor authentication), lock box/e-lock box, technology services (reconciliation and approval levels), and a commercial procurement card service program. Financial institutions will not be required to provide all services listed but may participate by submitting a response by Service Category for 1) Banking Services; 2) Merchant Services; and 3) Procurement Card Services. The City will choose those services pertinent to their individual operations, and separate implementation timelines will be negotiated.
