Joint Regent Merchant Card Processing Services

The vendor required to provide joint regent merchant credit card processing services, including card acceptance, software, as well as processing and support services.
- Payment processing requirements: 
•    The ability to process all major credit card transactions. 
•    Possess the ability to process Mastercard, visa, discover, American Express, and flex spending (FSA) credit card transactions. 
•    The successful firm shall have the ability to offer individual merchant accounts for each 
•    The ability to chain multiple merchant accounts with regard to reporting and PCI compliance. 
•    The firm must be able to process payments using the current hardware and software solutions. 
- Settlement:
•    Deposit all credit card proceeds electronically via ach to a designated university of bank account. 
•    Settlement to the university bank accounts must be daily by merchant, gross of fees. 
•    The successful firms’ fees must be debited directly from the university bank account on a monthly basis, by merchant account. 
•    daily deposits to bank should be clearly identified by specific merchant id number. 
- Reporting: 
•    Provide complete, flexible, and timely online reporting services including details on chargebacks, card transactions, deposit totals, and batch totals. 
•    Summary information must be available per merchant id, reporting chain, and for the university overall. 
•    Reports must be available for download in comma delimited (csv), excel, and pdf formats. 
•    The reporting system must be available 24 hours a day, seven days a week. 
•    the firm's online reporting system allows viewing rights based on mid. 
- PCI DSS: 
•    Provide documentation that substantiates its compliance with all payment card industry data security standards (PCI DSS) for the protection of cardholder information, and its successful and current completion of a security audit attesting to compliance. 
•    The firm must offer PCI compliance reporting services for purchase directly through the firm. 
•    The cost for this service can also be charged to individual merchants.

- Contract Period/Term: 10 years
- Questions/Inquires Deadline: December 12, 2025