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FINANCE has floated a tender for Notice of Intent to Award a Single (Or Sole) Source Procurement for Point of Sale Payment Processing Services. The project location is USA and the tender is closing on 03 Apr 2025. The tender notice number is 25-567-SGS/SG-00266, while the TOT Ref Number is 116576286. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : USA
Summary : Notice of Intent to Award a Single (Or Sole) Source Procurement for Point of Sale Payment Processing Services
Deadline : 03 Apr 2025
Other Information
Notice Type : Tender
TOT Ref.No.: 116576286
Document Ref. No. : 25-567-SGS/SG-00266
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
Brief Description: To avoid any disruption in service, this request is to enter into a direct contract with Bank of America for all our POS Devices (credit card machines) and their backend payment and credit card transaction processing system. Due to the split between FirstData (now Fiserv) and Bank of America, which was finalized in December 2024, the current contract we-re on is now void and must be replaced by March 12, 2025.Estimated Value: $82, 000.00. NOTE: The Estimated amount entered is based on average monthly transaction bank fees of approximately $6900/mo.Term (Years): 1Vendor: Bank of AmericaJustification:Bank of America has been our customer payment processor since we began accepting credit card and online payments from customers. Their system is currently linked to all our POS devices and online payment portals which will allow us to continue business as usual without any disruptions to the payment process, end user experience and Finance department activities. A switch would require us to create all new accounts, resync all our POS devices and modify our existing customer-facing websites to interface directly with a new system. Also, we will not have to redo our PCI compliance with a new third party provider as we are already in compliance with Bank of America.As this isn-t a change to the way we do business or process payments, there isn-t any additional effort or cost required. Zero interruption is service.
Documents
Procurement Documents for USA
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