The government authority in Pensacola, Florida, seeks a vendor to provide comprehensive commercial banking and treasury management services. Required services include the maintenance of a master operating account with associated Zero Balance Accounts (ZBAs) for specialized functions and the provision of automated daily sweep services to maximize yield while maintaining liquidity. The selected vendor will supply equipment and software to enable high-volume check scanning and remote deposit captures from various campus locations.

Additional requirements include the provision of both retail and wholesale lockbox services for tuition, donations, and other incoming payments, with daily electronic file transmission of payment data compatible with the agency’s ERP system. The vendor must offer controlled disbursement capabilities with early morning notifications for cleared checks, automated payee–name Positive Pay fraud detection, teller line verification for check disbursements, and a secure, web-based treasury management portal accessible 24/7.

Enhanced reporting capabilities are necessary, including real-time and prior day detail reporting, and customizable transaction searches for at least 12 months. Integration support for daily electronic bank statements, merchant services for point-of-sale and online payments, and guaranteed response times for inquiries and technical support are required. Treasury management advisory services and investment vehicles to optimize idle cash yield, as well as an interactive online banking system with comprehensive reporting, are also specified. The contract period will be five years.