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  5. ›RFP No. 1012-26-029 Banking Services

Awarded contract·GoTriangle (Research Triangle Regional Public Transportation Authority)·North Carolina

RFP No. 1012-26-029 Banking Services

Won by JPMorgan Chase Bank, N.A.$1.5MAwarded 9/25/2026Single Award
Contract source

Awarded vendors

  • JPMorgan Chase Bank, N.A.

Description

GoTriangle, the regional public‑transit authority for Durham, Orange, and Wake counties, solicited a comprehensive banking‑services contract to consolidate its financial operations, improve cash‑management efficiency, and enhance security and reporting. The awardee must provide core banking, deposit processing, remote deposit capture, lockbox services, online banking platforms, fraud‑prevention tools, and a detailed implementation plan within 60 days of award, along with optional services such as a purchasing‑card program, check‑validation, and armored transport. The contract requires a full‑service branch within 15 mi of GoTriangle Plaza, compliance with N.C. banking regulations, robust business‑continuity and disaster‑recovery capabilities, and integration with Microsoft Dynamics 365 ERP. Evaluation is based on best‑value cost proposals using average service‑volume assumptions. • Core banking, RDC, lockbox, and online banking with real‑time monitoring and MFA. • Optional P‑Card, check‑validation, and armored‑transport services may be added. • Mandatory on‑site branch proximity, NIST/ISO‑aligned security, and 4‑hour RTO/15‑minute RPO.

Attached files

Key dates

Bids closed
6/9/2026
Intent to award
9/25/2026
Awarded
9/25/2026
Contract modified
5/19/2026

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522110
Solicitation №
RFP No. 1012-26-029

Contract value

$1,500,000

The RFP does not disclose a contract ceiling, but the volume assumptions (multiple accounts, lockbox processing, RDC devices, overdraft coverage of $5 M, and optional P‑Card program) suggest an annual fee‑based service package typical for a mid‑size public agency. Comparable regional transit agencies pay between $1–2 million per year for full‑service banking and treasury management. Accounting for optional services and a potential multi‑year term, a reasonable estimate is roughly $1.5 million for the initial contract period.

AI estimate from the award documents

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