Point-of-Sale Credit Card Payment System

The contract is for a Point-of-Sale Credit Card Payment System for Utah Valley University. The University issued an RFP and received responses from several vendors, with Wells Fargo being awarded the contract due to their strong technical score and low cost. The contract is for the implementation and maintenance of the payment system, with Wells Fargo providing a seamless implementation and adequate administrative interface. The key aspects of the contract include the ability to meet the scope of work, administrative interface and ease of use, qualifications of the company and staff, implementation requirements and timeline, and cost. • The RFP was issued on 10/22/2019 and the bid submission date was 11/19/2019. • The contract was awarded to Wells Fargo on 18 March 2020. • The contract value is not explicitly stated, but Wells Fargo was the lowest cost solution. • The contract duration is not specified. • The University may choose not to proceed with the procurement after reviewing the submitted responses.