University of MN - Prepaid Debit Card, Gift Card, and Individual Payment Program RFI

The University of Minnesota is seeking information about potential products and solutions for making payments to individuals, including prepaid debit cards and gift cards. The university is looking to understand the features and capabilities of various solutions to potentially expand its existing prepaid debit card program. The request for information covers four topics: payments to individuals, payments to clinical trial participants, prepaid debit cards, and medium to low-dollar gift cards. Respondents are only required to submit information related to the topics that pertain to their products or solutions. • The university is seeking information about payment solutions that can replace checks and reduce the use of cash advances. • The university is interested in learning about products and features that can be used to make payments to individuals, such as 1099-based independent contractors and honorariums. • The university is looking for solutions that can provide gifts to individuals, such as one-time payments and financial aid. • The university is seeking information about prepaid debit cards and gift cards with a minimum value of $5.