Payment Processing and Financial Data Management
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
This subcontract for Payment Processing and Financial Data Management supports prime contractors on IDAPP program projects for the Illinois Student Assistance Commission. The service provider is responsible for the billing, collection, and application of payments to loan accounts, ensuring all transactions are recorded in an unalterable and auditable financial ledger. To maintain operational transparency and financial oversight, the contractor must utilize secure payment gateways and adhere to strict financial auditing standards. Key deliverables include the generation of Daily Loan Summaries and Weekly Delinquency Reports, along with the delivery of processed payments and recurring financial documentation. The contract is categorized under NAICS code 522320 and is performed in Deerfield, Illinois.
General Info
Agency
NAICS
Place of Performance
Deerfield, IL, 60015-5209, USASet-Aside
Documents
This scope was carved out of 26-691ISAC-IDAPP-B-50645.
The full solicitation package (4 documents), including the RFP, is on the prime solicitation, not on this scope.
26-691ISAC-IDAPP-B-50645 | IDAPP Student Loan Servicing - Sole Source
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