Brownsville Seeking Primary Depository Services

This city of Brownsville has issued a request for applications (RFA) from financial institutions capable of providing primary depository services.

The proposed service must provide an online banking portal. The portal should allow for online reporting that, at a minimum, includes ledger balance, collected balance, one-day float amount, total credits, total debits, detail debits and credits, transaction search capability and export capability to Microsoft Excel. The banking system portal should also offer wire transfer capabilities, an ACH system for direct deposit of payroll and vendor payments, online banking historical information retention, online banking self-administration, mobile app functionality, authentication for access, an alert/messaging system, an electronic data interchange service and paid check image options.

For collections, the city has requested remote deposit capture capabilities, returned check reprocessing and a cash vault.

Requested fraud protection services include positive pay and account reconciliation services, automatic stale dating of checks, a “post no checks” feature and ACH positive pay/filter capabilities.

More detailed information about RFA No. 050-24-FIN-RFA, including all minimum requirements and requested services, can be found online. A nonmandatory pre-application conference will be held via Zoom on Jan. 16 at 11 a.m. The deadline for questions submissions is Jan. 19 at 5 p.m. The deadline for responses is Feb. 14 at 3 p.m. Damian Espinoza is the point of contact for this RFA.