May 13, 2026Board meeting
Banking Subcommittee of the Cash Management Policy Board Minutes
The meeting addressed updates regarding Merchant Services and PCI-DSS compliance, including the progress of the Govolution-to-Fiserv migration and the ongoing training program. Contract discussions were held concerning Banking Services and Electronic Payment Consulting Services, involving CampusGuard, U.S. Bank, and JPMorgan Chase, with specific consideration given to pricing and best and final offers. Additionally, the committee reviewed a collateralization memo ensuring deposits exceed statutory requirements and discussed the final extension for the Govolution contract.