Payment Processing and Merchant Fee Management

The contract involves providing secure and scalable payment processing services specifically designed for direct cash disbursements to low-income renters. This includes handling multiple payment methods such as ACH transfers, prepaid debit cards, and mobile wallet transfers, ensuring flexibility and accessibility for recipients. An additional key aspect of the contract is the management of merchant fees associated with these transactions, which suggests a focus on cost efficiency and transparency throughout the payment process. The opportunity is categorized under the NAICS code 522299, which corresponds to financial transaction processing and clearinghouses, aligning with the specialized nature of payment processing services. Issued by the New Mexico Purchasing agency, this subcontract has a response deadline set for June 29, 2026. While specific location details and points of contact are not provided, the contract underlines the agency's commitment to leveraging technology to assist vulnerable populations through efficient and secure financial transactions.