Summary
Qualified proposers for the procurement of banking services for East Tennessee State University with the focus on securing efficient cash
management, minimizing transaction costs, maximizing investment income on funds, and ensuring high-level security for public assets. Seeking a comprehensive, centralized banking partnership that covers operating accounts, student services, and specialized financial technology. Maintenance of master zero-balance accounts, accounts payable, payroll, and auxiliary enterprise accounts. Daily electronic reporting of balances and transactions, automated clearing house (ACH) services, and wire transfer capabilities. Implementation of "Positive Pay" services for check fraud protection, ACH debit blocks, and multi-level user authentication for online banking. High-volume processing of electronic payments (direct deposit, ACH), card payments, and physical check processing. Ability to handle foreign currency wires for international payments. Detailed monthly statements breaking down transaction costs and fees.