Illinois BidBuy #26-427DES-FINAN-B-51379

This award notice details an emergency extension contract for critical banking services supporting Illinois unemployment insurance benefit payments and lockbox operations. - Government Buyer: - Illinois Department of Employment Security (DES) - OEMs and Vendors: - JPMorgan Chase Bank, N.A. (sole OEM and service provider) - Products/Services Requested: - Banking services for unemployment insurance benefit payment processing - Lockbox operations for benefit payments - 1 unit of service specified - Unique or Notable Requirements: - Emergency extension to ensure uninterrupted benefit payment operations - Focused on maintaining essential financial services for unemployment insurance recipients - Short-term contract period with no option years or annual subscription - Place of Performance: - Services provided for DES operations in Chicago, Cook County, Illinois

This solicitation is for an emergency extension of banking services related to unemployment insurance benefits and lockbox operations. The extension covers the period from April 1, 2026, to June 30, 2026. The contract was awarded to JPMorgan Chase Bank, N.A. The procurement was conducted through the Illinois BidBuy portal by the Department of Employment Security (DES).