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Minnesota State Colleges and Universities·Minnesota

Systemwide Cashiering Services

Closes 10/29/2026$3M – $8MRequest for Proposal
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Description

The Minnesota State Colleges and Universities system seeks a comprehensive, system‑wide cashiering and payment‑management solution that will serve all 32 institutions and 54 campuses. The solution must support online, mobile, and in‑person payment channels, integrate fully with Workday Financial Management and Workday Student, provide robust merchant‑management, reporting, and reconciliation capabilities, and meet stringent security (PCI DSS, SOC 2, FERPA) and accessibility (Section 508, WCAG 2.1) requirements. The contract will be for a base term of five years with up to five one‑year optional renewals, and the vendor must supply software licensing, hosting, hardware, implementation, training, and ongoing support. • Deliver a SaaS‑based payment platform that handles credit/debit cards, ACH/e‑check, digital wallets, stored‑value campus cards, cash, and 529‑plan payments across ~420 k annual transactions. • Provide full integration with Workday (APIs, Studio, EIB), merchant‑account management, and real‑time transaction reporting/reconciliation. • Supply PCI‑compliant in‑person hardware, ensure compliance with PCI DSS, SOC 2, FERPA, and produce a completed VPAT for accessibility. • Include implementation services, role‑based training, change‑management, and 5‑year support/maintenance, with optional one‑year extensions.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Timothy Anderson

[email protected]

(651) 448-7478

Key dates

Opened
9/18/2026
Closes
10/29/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Information Technology and Software Development
NAICS
518210
Solicitation №
SRC-MNSCU-2027-000632-RFP

Budget estimate

$3,000,000 – $8,000,000

The contract is a five‑year, system‑wide SaaS solution for 32 colleges and universities, including licensing, hosting, hardware, implementation, training, and support. Comparable higher‑education payment‑processing contracts range from $3 M to $8 M over a five‑year term, depending on transaction volume, hardware requirements, and integration complexity. Given the estimated 420 k annual transactions and the need for extensive Workday integration and compliance, a reasonable ball‑park is $3 M‑$8 M total over the base term.

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