The State intends to secure a contract for a Prepaid Debit Card (hereinafter called the Card) that is Visa or MasterCard branded to deliver State agency program benefits to recipients (hereinafter called the Cardholder). The Card shall provide a secure, convenient and accurate payment delivery mechanism for State payments sent to Cardholders. Current programs delivering benefits by Card are for child support payments, unemployment insurance payments, Tennessee Consolidated Retirement System (TCRS) retirement payments, Individualized Education Account (IEA) payments, and payroll. Each program will operate differently regarding the timing between the activation of the Card and posting of the funds. For child support payments, before the State will transfer the funds, the Contractor must send an electronic file to the State verifying the Cardholder has successfully activated the Card. For unemployment insurance payments, once the Contractor issues the Card, the benefits can be posted upon State approval regardless if the Cardholder has activated the Card.
