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University of Iowa·Iowa

Joint Regent Merchant Card Processing Services

Closes 1/21/2026$2.5M – $10MRequest for Proposal
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Description

The University of Iowa and The University of Northern Iowa are seeking a qualified vendor to provide merchant card processing services, including card acceptance, software, and processing and support services. The selected vendor will be expected to provide a range of services, including payment processing, settlement, and reporting. The contract will be for a period of five years, with the option to renew for an additional five years. The vendor will be required to provide a detailed proposal, including information on their experience, qualifications, and pricing. • The University of Iowa and The University of Northern Iowa are public institutions of higher education in Iowa. • The selected vendor will be expected to provide merchant card processing services to both universities. • The contract will include a range of services, including payment processing, settlement, and reporting. • The vendor will be required to provide a detailed proposal, including information on their experience, qualifications, and pricing. • The contract will be for a period of five years, with the option to renew for an additional five years.

Attached files

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

Contact

Chandra Wojno(Purchasing Contact)

[email protected]

(319) 335-0378

Key dates

Opened
11/21/2025
Questions due
12/12/2025
Closes
1/21/2026
Duration
5 years

Last updated

Details

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

Budget estimate

$2,500,000 – $10,000,000

The estimated budget for this contract is likely to be in the range of $500,000 to $2 million per year, depending on the volume of transactions and the pricing structure of the selected vendor. This estimate is based on the fact that the contract is for a five-year period and the universities are expecting to process a large volume of transactions. The actual budget will depend on the specific terms of the contract and the performance of the selected vendor.

AI estimate from the solicitation

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