California Bids > Bid Detail

R000689 Electronic Fund Transfer Service

Agency: State Government of California
Level of Government: State & Local
Category:
  • J - Maintenance, Repair, and Rebuilding of Equipment
  • R - Professional, Administrative and Management Support Services
  • V - Transportation, Travel and Relocation Services
Opps ID: NBD10570795497721589
Posted Date: Oct 20, 2022
Due Date: Nov 14, 2022
Solicitation No: 0000024952
Source:

To access the bid document, please visit the agency's website at below and search by your matched keyword:

https://caleprocure.ca.gov/pag...


Event : 0000024952




R000689 Electronic Fund Transfer Service

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Details


Event ID
0000024952


Format/Type:
Sell Event / RFx


Published Date
2022-10-20 11:48AM PDT




Dept:
CA State Lottery Commission


Event Version
1


Event End Date:
2022-11-14 3:00PM PST






Description:


The California State Lottery (Lottery) is inviting responses from qualified financial institutions to act as the Originating Depository Financial Institution (ODFI) for processing Electronic Fund Transfers (EFT) for the purpose of collecting funds from and disbursing funds to Lottery Game Retailer accounts related to the sale and prize payment reimbursement of Lottery products (i.e., Scratchers¿ and Draw Game tickets) as outlined in Attachment 8, Proposed Contract Terms and Conditions, Exhibit A, Scope of Work. It is anticipated that an estimated 625,000 items will be processed monthly for approximately 23,000 retailer accounts. The Lottery does not guarantee any specific level of billable transfers or actions during the term of this Contract. The number of retailer accounts may increase or decrease during the contract term.

The proposed contract term will be for a period of six years with two additional two-year options to extend. The anticipated contract start date is January 1, 2023 or as soon thereafter.




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Contact Information
Ada Kwong
Phone :


Email:
akwong@calottery.com
akwong@calottery.com


Pre Bid Conference (N/A)


Mandatory :
Non Mandatory
Date :

Time :

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UNSPSC Codes





UNSPSC Classification

UNSPSC Classification Description
84121600 Financial Services - Banking & investment - Funds transfer clearance & exchange srvcs





Contractor License Type
(N/A)




Contractor License Type

Description





Service Area
(N/A)




Area ID

County









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