University of Minnesota Ionwave #10003 Addendum 1

University of Minnesota RFI for Prepaid Debit Card, Gift Card, and Individual Payment Solutions

The University of Minnesota is seeking information from vendors on solutions to modernize and streamline payments to individuals, with a focus on replacing checks and reducing cash advances. - Government Buyer: - University of Minnesota (higher education institution) - Products and Services Requested: - Prepaid debit cards for payments to individuals - Medium to low dollar gift cards (minimum value $5) - Payment solutions for: - 1099-based independent contractors - Speakers, honorariums, and one-time payments - Payroll-related payments and athletics per diems - Student financial aid or account credits - Clinical trial participant payments - Notable Requirements: - Solutions should support a variety of payment scenarios, including research and student-related disbursements - Vendors may respond to any or all solution areas relevant to their offerings - The RFI is for information gathering only; no contract or award is guaranteed - No specific OEMs or vendors are named in the notice - The University is interested in expanding its existing prepaid debit card program and learning about new features and capabilities

Description

The University of Minnesota is issuing a Request for Information (RFI) to explore solutions and products that can replace checks and reduce cash advances for payments to individuals, including 1099 contractors, speakers, honorariums, payroll-related payments, athletics per diems, and student financial aid credits. The RFI covers four main topics: payments to individuals, payments to clinical trial participants, prepaid debit cards, and medium to low dollar gift cards. Vendors are invited to respond only to the sections relevant to their offerings. This RFI is for information gathering only and does not guarantee an award.

View original listing