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Montana State Fund·Montana

Insurance Payment Processing Services

Closes 6/6/2025$500k – $2MRequest for Proposal
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Description

The Montana State Fund is seeking a digital payment vendor to implement a premium payment experience that is reliable, easy to navigate, and provides features in line with industry standards. The selected vendor will provide insurance payment processing services. Key aspects of the job include: • Implementing a premium payment experience that meets industry standards • Providing reliable and easy-to-navigate payment processing services • Complying with the instructions and procedures outlined in the RFP • Registering as a vendor and responding to the RFP through the eMACS system

Attached files

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

Contact

Kathy Gowen

[email protected]

(406) 495-5201

Key dates

Opened
5/8/2025
Closes
6/6/2025

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
524298
Solicitation №
RFP-MSF-83

Budget estimate

$500,000 – $2,000,000

The budget amount for this opportunity is difficult to estimate without more specific information about the scope of work and the expected payment processing volume. However, considering the industry standards for insurance payment processing services, a possible budget range could be between $500,000 and $2,000,000 per year, depending on the vendor's fees and the volume of payments processed. Factors that may influence the likely payment range include the number of policies, payment frequency, and the level of service required.

AI estimate from the solicitation

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