Specifications include, but are not limited to: 1. Must be able to interface with ELLUCIAN Colleague software. 2. Must provide a data file formatted to import into Ellucian Colleague. 3. Technical implementation support of check to be issued on demand. 4. Must provide technical implementation and continued Accounts Payable support. 5. The system must be bank and ERP agnostic and require limited technical integration; 6. The vendor must manage floors and ceilings on card payment limits automatically; 7. The vendor must automatically add convenience fees to payments. 8. The solution must process payments for the entire portfolio of institution-to-business in a single payment file; 9. The solution must be able to deliver payments via check, e-check, ACH, or virtual card; 10. The vendor must ensure there is enough of a balance on the pre-authorized card to cover any supplier processing charges before accepting charges
