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  5. ›RQ 14208 Merchant Services Treasury Department

Awarded contract·Cuyahoga County·Ohio

RQ 14208 Merchant Services Treasury Department

$2MSingle Award
Contract source

Description

This solicitation seeks a merchant‑services solution for Cuyahoga County Treasury, covering credit‑card, debit‑card, and electronic‑check processing, with the ability to collect property‑tax payments at five off‑site Auto Title locations. The county processes approximately $558 million in payments annually across ~180 k transactions, with e‑checks comprising about 75 % of the volume. Bidders must be Cuyahoga County‑certified small businesses and can propose either maintaining the existing online gateway or providing a new simple payment link; a full gateway replacement is optional. All fees—including the county‑absorbed $0.40 per e‑check—must be fully disclosed in the proposal. The RFP is open competition, with a bid deadline of 11:00 a.m. on 3 April 2024, and any amendments (Addenda 1 and 2) clarify scope, off‑site retail requirements, and transaction‑volume data. • Scope: merchant acquiring/processing for credit, debit, and e‑check; optional online gateway; off‑site tax‑payment capability at five locations. • Volume: $557.98 M total 2023 payments; 132,995 e‑checks (flat $0.40 fee). • Requirements: Small‑business certification, full fee disclosure, electronic signatures accepted.

Attached files

Key dates

Bids closed
4/3/2024
Contract modified
3/22/2024
Ends
8/31/2024

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Technology
NAICS
522320
Solicitation №
5333

Set-asides

Small Business, Total Set-Aside

Contract value

$2,000,000

The documents disclose that the county processed roughly $558 million in 2023, with a flat $0.40 fee per e‑check (≈ $53,200 annually) and unspecified fees for card transactions. Assuming the county will negotiate a fee structure comparable to industry standards (e.g., 2.5 % of transaction value for card processing) the annual revenue for the vendor could be on the order of $10–$12 million. However, procurement budgets for such services are often capped at a fraction of total transaction volume, and the county’s focus on fee transparency suggests a negotiated total fee budget possibly ranging from $1 million to $3 million per year. Given the contract’s short horizon (must be in place before 08/31/2024) and the lack of a multi‑year term, a conservative ball‑park estimate for the contract value is about $2 million.

AI estimate from the award documents

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