Benefit Banking and Disbursement Services
Contract Overview
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AI Contract Overview
The Benefit Banking and Disbursement Services subcontract, managed by the Illinois Finance Bureau, provides specialized banking operations to support the Illinois Department of Employment Security. The primary objective of this agreement is to facilitate the efficient payout of Unemployment Insurance benefits through the use of high-volume government disbursement infrastructure and secure financial transaction systems that comply with all state and federal laws. Operating out of Chicago, the contract ensures continuous and uninterrupted banking services to maintain the stability of benefit distributions. Classified under NAICS code 522110, the services are designed to support prime contractors in delivering critical financial infrastructure and secure payment processing for the state's employment security programs.
General Info
Place of Performance
Chicago, IL, 60603, USASet-Aside
Documents
This scope was carved out of 26-427DES-FINAN-B-51379.
The full solicitation package (1 document), including the RFP, is on the prime solicitation, not on this scope.
26-427DES-FINAN-B-51379 | DES-Emergency Extension_Benefit Banking 4/1/26 -6/30/26
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