BILLING-3248 - USA (Illinois) - Electronic Funds Transfer Service - Deadline October 26,2026

(1) Vendor needs to provide electronic funds transfer service.– Receive tax payments from taxpayers in the form of ACH debits and credits and Federal Reserve wire transfers;– Deposit tax payments in the Treasurer’s Account– Provide an ACH Notification of Changes solution to correct erroneous ACH data on transactions to avoid violating the national automated clearinghouse association’s rules;– Transmit specific data regarding the tax payment– Accept incoming wire transfers;– Accept outgoing wire transfers initiated by the Treasurer;– Provide an ACH debit block and debit filter, with the ability to allow specific company IDs to post to the Treasurer’s Accounts;– Provide positive pay filter services to prevent check writing on the account– Provide the Treasurer with specific points(s) of contact for the Services, direct access to staff, and emergency contact phone numbers for the Treasurer’s Accounts.