Tri-county Metropolitan Transportation District Of Oregon (trimet) Sciquest #SFL260161KY

TriMet Sole Source Procurement for Mastercard Tokenization Services

TriMet is seeking to enter a sole source contract for payment system security services: - Government Buyer: - Tri-County Metropolitan Transportation District of Oregon (TriMet) - Procurement and Supply Chain Management Office - OEM/Vendor: - Mastercard International Incorporated (highlighted as the sole source provider) - Products/Services Requested: - Tokenization services for the Hop Fastpass payment system - No specific part numbers or quantities provided - Notable Requirements: - Sole source procurement with solicitation exemption - Focus on enhancing payment security and tokenization for public transit fare collection - Estimated contract value is $120,000 for a two-year term

Description

TriMet intends to establish a contract with Mastercard International Incorporated for tokenization services for TriMet's Hop Fastpass payment system through Sole Source Procurement with Solicitation Exemption. The contract is estimated to be $120,000 for a two-year term. Comments on this Notice of Intent must be submitted to Kay Ye, Contracts Administrator, by May 18, 2026, at 11:30 a.m. local time.

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