A. Provide Payment Card Industry Data Security Standard (“PCI DSS”) compliant merchant card services. Describe how you manage merchant compliance and SAQ reporting. B. Process payment cards payments (MasterCard, Visa, Discover, American Express, and debit network), with 24–48-hour funding of settled transactions. C. Batch processing must include the ability to close batches daily using scheduled batch settlement or host-initiated settlement. Settlement times will vary by institution, and some will vary within the institution based on the needs of the merchant. D. Transfer funds to bank accounts, with one ACH credit for each Merchant ID (“MID”). Indicate if there is a pricing difference for one-day and two-day ACH credit, as well as cut-off times for settlement. E. As an agency of the State of Texas all funds must be insured and any amounts over the FDIC coverage must be collateralized. Explain the flow of funds as to how often the funds collected are transferred, in whose name are the funds held and what bank will be used to hold the funds. F. Security measures for the protection of data transmitted for processing, to prevent unauthorized user access to either the system or the data, and to protect Internet transactions.
