Banking Services

The Research Triangle Regional Public Transportation Authority (GoTriangle) is seeking a contract for banking services. The selected financial institution will provide comprehensive banking services, including core banking, deposits, online services, wholesale lockbox, reporting, and statements. The contract requires the financial institution to have a physical presence within 15 miles of GoTriangle's plaza in Durham, NC, and to maintain robust fraud prevention and detection capabilities. The financial institution must also provide a secure online banking platform, positive pay functionality, and flexible payment options. Some key points to consider include: • The financial institution must be FDIC-insured and utilize the pooling method of deposit collateralization. • The financial institution must comply with North Carolina Local Government Budget and Fiscal Control Act and all applicable provisions. • The financial institution must maintain a documented and tested Business Continuity and Disaster Recovery plan. • The financial institution must provide a comprehensive implementation and customer service support plan. • The financial institution must demonstrate and maintain a forward-looking technology roadmap that includes ongoing system enhancements, innovation, and alignment with evolving banking technologies, cybersecurity standards, and regulatory requirements.