Banking and Financial Services

The Vendor is required to provide financial institutions to provide comprehensive banking and financial services for Authority operations.
- Banking partner that provides:
•    Strong fiduciary security
•    Robust fraud prevention and cybersecurity controls
•    Operational efficiency
•    Transparent and competitive fee structures
•    High-quality customer service and support
•    Public financing potential
•    Meets all applicable rules and regulations regarding public funds and act requirements for holding public funds and investing associated with public funds.
- Account Services
•    Operating (checking) accounts
•    Savings, reserve, and money market accounts
•    Sweep and liquidity management options
•    Interest earnings structure and rate setting
- Cash Management Services
•    ACH origination and receipt
•    Wire transfer services
•    Online banking platform
•    Remote deposit capture
•    Optional lockbox and merchant processing services
•    Have same day ACH/real time payments availability
•    The Authority receives revenues from multiple sources, including annual contributions from the resort community, voter-approved tax revenues from participating taxing districts, grants, loans, and other intergovernmental funding. 
•    Certain funds may be legally restricted and require segregation, tracking, and specialized reporting.
- Payroll and Accounts Payable
•    Direct deposit services for payroll
•    Electronic vendor payment option
- Fraud Monitoring, Account Security, and Alerts
•    Fraud Detection and Monitoring
•    Account Takeover (ATO) Prevention
•    Alerts, Thresholds, and Notifications
•    Call-to-Action and Response Protocols
•    Positive Pay and ACH Controls