The University is looking for a vendor-hosted solution that can support the operations of payment processing for students and their authorized payers (a payment processing vendor for current student accounts).

Our agreement with our current provider expires on 12/31/2023. This RFP is to ensure we have an optimal solution in place, at a competitive price.

Supplier finalists (not all suppliers) will be asked to make Zoom-based presentations to the University RFP project team.

This project does NOT involve personal health information (PHI), but it does involve the use of credit cards, such that Payment Card Industry (PCI) compliance is necessary.

Users (both students and their delegated access users) must have a single sign-on. This means that they sign into the University of Minnesota (UMN) portal and can be authenticated to the payment site without any additional sign-on needed.

Included in the scope is an international payment option. The selected supplier will be in charge of subcontracting this option.

The supplier must have the capability to post payments in real time to PeopleSoft Campus Solutions.

The supplier must have the capability to automatically transfer files used for daily reconciliation to a secure site where our file transfer software can load the daily information into PeopleSoft Campus Solutions and perform a reconciliation of payments in the vendor system to what has been posted in real time (and post what has not been processed.) The supplier must provide an automated file transfer system.