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Payment Processing and Transaction Management

Active
State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

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This contract involves providing secure processing, authorization, settlement, reconciliation, and reporting services for money order transactions, ensuring compliance with applicable state and financial regulations. The work is classified under NAICS code 522299, which relates to financial transaction processing, reserve, and clearinghouse activities. The subcontract is issued by the Accounting Revenue agency of Illinois and requires performing the services in Springfield, Illinois, specifically within the 62723 zip code area. The contract mandates strict adherence to state and financial standards throughout all stages of transaction management to ensure accuracy and security. While no specific solicitation number or set-aside details are provided, the subcontract aims to support the state's financial operations by managing money order transactions efficiently and transparently. Contact details and further information are available on the official Illinois bid buying portal.

General Info

Secure processing and reporting of money order transactions in Springfield, Illinois under state compliance.

Agency

Illinois → Accounting RevenueView Agency

NAICS

522299 - International, Secondary Market, and All Other Nondepository Credit IntermediationView NAICS

Place of Performance

Springfield, IL, 62723, US

Set-Aside

NONE

Documents

(0)

No documents available

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Timeline

Posted

subcontract

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Organization & Contact Information

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AgencyIllinois → Accounting Revenue
ContactsNo contacts available
OfficeN/A
Organization / Agency
Illinois → Accounting Revenue
View Agency Profile
Office AddressN/A
ContactsNo contact information available

Full Description

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Securely process, authorize, settle, reconcile, and report money order transactions in compliance with state and financial standards.

Similar Contracts

Same NAICS industry code

NAICS: 522299
SLED
Electronic Lockbox & Remittance Processing ServicesThe City of Pflugerville seeks a vendor to provide electronic lockbox and remittance processing services to capture payment and remittance data from bill pay applications and securely transmit daily updates to the city’s accounts receivable system. The service must ensure accurate, timely, and encrypted transfer of financial information to support efficient cash application and reconciliation processes. The contract is structured as a subcontract under NAICS code 522299, with a response deadline of August 13, 2026, and the opportunity was posted on July 15, 2026. Performance is expected to be conducted remotely, with no specified physical location for service delivery, and the city will rely on the vendor to integrate seamlessly with its existing financial systems using standardized data formats and protocols. The vendor is responsible for maintaining the integrity and security of all financial data throughout the processing lifecycle, ensuring compliance with applicable data protection standards. The solution must support high-volume transaction processing, error resolution mechanisms, and audit-ready reporting capabilities. Payment amounts and associated remittance details must be matched accurately to customer accounts, minimizing manual intervention and reducing discrepancies in the city’s receivables ledger. No set-aside criteria are specified, and the contract will be awarded based on the vendor's technical capability, service reliability, and cost-effectiveness in delivering a robust and scalable electronic lockbox solution.
CITY OF PFLUGERVILLE

POSTED

18 days ago

DEADLINE

in 12 days
View Details

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