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Clallam County staff to launch banking RFP; CashFest to manage electronic submissions
Summary
County finance staff moved to publish a request for proposals for banking services this spring, asking bidders about deposit, merchant and credit-card capabilities and contingency lending; CashFest will host the submission portal and staff expect the process to run through work sessions and a commission meeting.
Clallam County finance staff announced plans to publish a request for proposals (RFP) for the county’s banking services, including deposit accounts, merchant services and credit-card programs, and asked the committee to approve a public timeline and the use of CashFest’s electronic portal to collect proposals.
The discussion, led by county finance staff and CashFest representative Mike Abbott, centered on timing, required procurement steps and technical needs such as integration with the county’s changing financial software and the ability to test direct-deposit (“pre-note”) banking information. The committee agreed to place the RFP on an upcoming work session and a following regular meeting for public notice and potential approval to release the solicitation.
Why it matters: the county currently uses multiple banking relationships (including US Bank for many county accounts) and some county departments hold separate fiduciary accounts. County staff said the RFP will allow bidders to propose full-service relationships (banking, merchant services and purchase-card options) and to describe additional services…
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