ePayables Virtual Card Payment Method

This contract authorizes the School District of Philadelphia to implement a district‑wide ePayables/virtual‑card payment solution provided by JP Morgan Chase. The solution will be integrated with the district’s Oracle Fusion Accounts Payable system, enabling secure electronic payments, supplier onboarding, and the capture of rebate revenue generated by virtual‑card transactions. The agreement carries no direct cost to the district; funding is sourced from operating‑revenue budget, and the primary financial benefit is anticipated rebate income. Two one‑year renewal options are included, each at $0 cost. • Deploy a virtual‑card payment platform and integrate it with Oracle Fusion AP. • Onboard new suppliers and capture rebate revenue to generate net financial value. • Contract runs from 1 Sept 2026 to 30 Jun 2036 with two optional one‑year renewals, funded by the district’s operating‑revenue budget.