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  5. ›PAYMENT PROCESSING SERVICES - CONTINUATION OF CURRENT…

Awarded contract·New Mexico Taxation and Revenue Department·New Mexico

PAYMENT PROCESSING SERVICES - CONTINUATION OF CURRENT SERVICES

Won by Grant Street Group, Inc.$1MSingle Award
Contract source

Awarded vendors

  • Grant Street Group, Inc.

Description

This contract continues the provision of credit/debit card payment processing services for the New Mexico Taxation and Revenue Department. The incumbent vendor, Grant Street Group, Inc., will maintain and support existing point‑of‑sale terminals, the online payment portal, and the IVR integration, while ensuring compliance with PCI‑DSS and TLS security standards. The six‑month contract runs from July 1 to December 31, 2026, and includes daily transaction reporting, secure data transmission, and toll‑free support. • Core services: POS terminal support, online portal, IVR interface, reporting, and secure data handling. • Mandatory security: PCI‑DSS compliance, TLS V.2.1 encryption, and multi‑year data retention. • Vendor responsibilities: Provide hardware, software updates, help‑desk support (8 am‑5 pm LPT), and daily transaction feeds to the agency.

Attached files

Key dates

Bids closed
6/27/2026
Starts
7/1/2026
Ends
12/31/2026
Duration
6 months

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Financial Services
NAICS
522320
Solicitation №
60-33300-26-28006

Contract value

$1,000,000

No dollar amount is listed; however, payment‑processing contracts of this nature typically charge fees based on transaction volume and per‑terminal support. Assuming an average of 100,000 transactions per month at a 1.5 % processing fee (~$150 K/month) plus hardware support (~$50 K/month), the six‑month effort would be roughly $1.2 M. Adjusting for the fact that this is a continuation of an existing contract (likely with negotiated rates) and the “$0.00” placeholder, a conservative ballpark is $1,000,000.

AI estimate from the award documents

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