Government Contract | Delaware
DIRECT DEPOSIT OF PAYROLL AND PENSION

Bid Information


Bid Alert No: 00000490471

Bid Title: DIRECT DEPOSIT OF PAYROLL AND PENSION

Agency Bid No. Title: TREAS-1603-DIRDEP

Received Date: 02/19/2016

Close Date: 03/08/2016

Purchase Type: Term:

Delivery Point: Not Stated, Delaware

Delivery Date: Not Stated

Specifications

Specifications include, but are not limited to:1. Allow the State of Delaware to fund its Payroll Direct Deposit and PensionDirect Deposit accounts via wire transfer or ACH transfer on the effective date of thepayday. With either method, Vendor will receive funding on or before the date of thepayday. a. In the event technical difficulties or natural disasters prevent thefunding of the Direct Deposit account in a routine and timely manner, Vendor will fulfillall authorized requests to initiate Direct Deposit payments. b. Vendor shall assume that its fulfillment of Direct Deposittransactions is supported by the full faith and credit of the State of Delaware. 2. Verify Control Totals, resolve all discrepancies and research items ontransmitted files in less than 24 hours under normal operating circumstances. Anappropriate State of Delaware official will provide verification control totals, and Vendorwill submit an acknowledgement of the control totals. Vendor will promptly notify theappropriate State of Delaware official when this deadline cannot be met. 3. Process all Direct Deposit transactions for the State of Delaware to assuresettlement of credits on the appropriate pay dates. a. Should any transaction reject, Vendor shall assure the availability offunds to all Direct Deposit participants on or before 9:00 a.m. on the date of payment. b. Vendor shall promptly report any ACH rejects to the appropriateState of Delaware official, and vendor will follow up the initial report with appropriatedocumentation (ACH Returns/NOC Detail Report).

Bid Related Documents

Download Document

Product Code: 94625

Agency Information


Issuing Agency: State of Delaware - Office of the State Treasurer

State: Delaware

Agency Type: State and Local

Contact: James DiDonato Division of Accounting, 820 Silver Lake Plaza, Suite 100, Dover, Delaware, 19904

Phone: 302-672-6710

Fax: 302-739-5635

Email: james.didonato@state.de.us

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