Description
The State of Alabama is seeking a vendor to provide electronic funds transfer (EFT) processing services for fiscal year 2027. This Quick‑Quote solicitation allows qualified suppliers to submit electronic quotes for a contract not to exceed $25,000, with the possibility of annual renewals for up to five years. The work involves handling, routing, and reconciling EFT transactions for state agencies, ensuring compliance with E‑Verify, tax, and reporting requirements, and accepting state‑issued electronic payment methods.
• Maximum contract value $25,000 (including renewals)
• Requires registration in Alabama Buys and enrollment in E‑Verify (if applicable)
• Contract can be renewed annually for a total term of up to five years
• Electronic invoicing and payment only; vendor must accept state credit cards, P‑cards, or EFT
• No specific technical specifications are detailed; the focus is on reliable, compliant EFT processing