Banking and Investment Services
Overview
Fit Score
Settle Intelligence
Settle helps teams find, evaluate, and respond to public RFPs. We continuously surface new opportunities, score them against your company strengths, and draft proposal responses so you can focus on the work that wins business.
SUMMARY
KEY REQUIREMENTS
BUDGET
EstimateTIMELINE
Opportunity Posted: February 17th, 2026
Release Date: February 17th, 2026
Questions Due: March 3rd, 2026 at 12:00 PM
Responses Due: March 27th, 2026 at 1:00 PM
QUESTION DEADLINE
Issuing Agency
Philadelphia Parking Authority
Organization overview and procurement intelligence available on paid plans.
DESCRIPTION
A government authority in Philadelphia, Pennsylvania is seeking vendors to provide comprehensive banking and investment services. Services will include evaluating and enhancing current banking, cash management, and investment operations to improve efficiency, cash flow control, and maximize financial returns.
Responsibilities encompass management and reconciliation of multiple types of accounts, retention and access of historical account data, integration with ERP systems, daily and real-time reporting for transactions and balances, electronic invoicing and payment solutions, merchant processing, returned check management, and cash discrepancy notification. Additional services required are domestic and international wire transfers, virtual and corporate card programs, interest-bearing accounts, automated sweep and cash concentration structures, and short-term investment options to optimize idle funds.
The vendor must also provide multi-factor authentication and user access control, positive pay and reverse positive pay services, fraud monitoring and anomaly detection, treasury management platforms, cash position visibility, and reconciliation support. Experience in direct bank financing for capital acquisitions and supporting public-sector borrowing is necessary. Detailed information on processes, documentation, and timeline expectations is also required.
Source attribution
This Settle analysis is based on the issuing organization’s public RFP listing.