SW-121019 - USA (Rhode Island) - Digital Payout Platform for Research Incentives - Deadline November 18,2026

Vendor needs to provide digital payout platform for research incentives.1. URI administrative functions:– Intuitive dashboard for URI administrators to initiate and track payouts.– Customizable reporting by research project, department, date range, participant ID.– Real–time payout status tracking and confirmation.– User role–based access controls (approver, preparer, viewer).– Ability to schedule payouts in advance.2. Global reach capabilities:– Currency conversion for international payments.– Support for recipients in multiple countries.3. Standard reports:– Transaction summary reports: All payments by date range, method, project, or department.– Reconciliation reports: Matching distributed funds with amounts loaded.– Tax reporting: 1099–MISC generation, threshold kept up to date with IRS.4. Audit support:– Complete documentation for payout transactions with supporting details.– Ability to provide audit–ready reports for internal and external auditors.– Retention of transaction records for a minimum of ten years.5. Fraud prevention:– Real–time fraud detection and prevention systems.– Supplier liability for fraudulent transactions.– Chargeback handling process.– Dispute resolution processes.