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University of Iowa·Iowa

Joint Regent Merchant Card Processing Services

Closes 1/29/2026$500k – $2MRequest for Proposal
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Description

The University of Iowa is seeking a qualified supplier to provide merchant card processing services for the University of Iowa and the University of Northern Iowa. The selected supplier will be responsible for providing a comprehensive merchant card processing solution, including payment processing, settlement, and reporting. The University is looking for a supplier that can provide a secure, reliable, and efficient payment processing solution that meets the needs of its various departments and campuses. Some key features of the required solution include: • Support for multiple payment types, including credit and debit cards • Ability to process transactions in a secure and compliant manner • Provision of detailed reporting and analytics • Integration with existing university systems, such as ERP and student information systems • Compliance with industry standards, such as PCI-DSS The University is looking for a supplier that can provide a flexible and scalable solution that can meet the evolving needs of the university. The selected supplier will be expected to provide excellent customer service and support to the university's staff and students.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Chandra Wojno(Procurement Officer)

[email protected]

(319) 335-0378

Key dates

Opened
11/21/2025
Closes
1/29/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
522320
Solicitation №
18479 Addendum 1

Budget estimate

$500,000 – $2,000,000

The estimated budget for this contract is likely to be in the range of $500,000 to $2 million per year, based on the university's annual card volume of approximately $172 million for the University of Iowa and $11 million for the University of Northern Iowa. The actual budget will depend on the terms of the contract, including the payment processing fees, settlement fees, and other charges. The university's current payment processing fees are approximately 0.06% of the transaction amount, with no authorization fees, PCI compliance fees, or online reporting fees. The university is looking for a supplier that can provide a competitive pricing structure and excellent customer service.

AI estimate from the solicitation

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