Description
The City of Indianapolis (in partnership with Marion County) is gathering information from qualified financial institutions on a full suite of municipal banking and treasury‑management services. The RFI seeks details on account structures, cash‑positioning, ACH and wire capabilities, lockbox and remote‑deposit‑capture options, positive‑pay/host‑to‑host exception reporting, card‑payment processing, technology integration (ERP, file‑transfer formats), and fee/price models. Responses will help shape a future solicitation for a multi‑year banking contract.
• Core services include operating, payroll, zero‑balance and investment accounts, plus treasury‑management tools (ACH, wires, lockbox, RDC).
• Vendors must describe technology integration (XML/EDI, FTP/PGP), reporting (daily balances, custom statements), and security controls (fraud monitoring, positive pay).
• The City is interested in both fee‑based and earnings‑credit structures, with no current contract value disclosed; fees are covered by excess interest earnings.