The Vendor is required to provide push and pull services to validate, standardize, and secure ACH electronic financial transactions, enabling Purchasers to transfer funds safely and efficiently between accounts.
- This contract does not cover merchant bankcard services (i.e., Visa, MasterCard, American Express, Discover, Diners Club, JCB, EBT networks, purchasing cards, fuel cards, and debit cards), paper checks, wire transfers, or credit card transactions.
- The estimated annual contract value across all participating agencies is about $1,000,000.
- Typical core validation methods these solutions support (e.g., instant account verification, micro deposits, database verification).
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