This Solicitation opportunity from Pennsylvania was posted on July 23, 2025. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
SWIF Account Validation Services
Contract Overview
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This contract arises from recent amendments to the Pennsylvania Fiscal Code that require state agencies to adopt electronic payment security standards for transactions handled by the Treasury Department. The Department of Labor and Industry, on behalf of the State Workers' Insurance Fund, is seeking a qualified provider to deliver robust account validation services. The core objective is to ensure that payments are only issued to valid, verified bank accounts, thereby reducing fraud and payment errors. The selected vendor must be able to verify banking account details—including confirming account existence, status, maturity, signatory authority, and ownership—along with the accurate identification of payment recipients. Additional identity verification services, such as detecting potentially fraudulent account change requests using supplementary individual data, are also necessary. The validation solution should support transaction checks via individual queries, batch processing, or integration with the state's SAP system through APIs, and must include detailed transactional reporting for invoice confirmation. The initial contract extends for one year, with an option for four additional single-year renewals, and all services will be performed within Pennsylvania. Only providers prequalified by the Pennsylvania Department of Treasury to offer Account Validation Services are eligible to bid for this opportunity. The estimated contract value ranges from $500,000 to $2,000,000.
General Info
Place of Performance
PA, USASet-Aside
Documents
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Timeline
Submission Closed
Organization & Contact Information
Full Description
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