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REQUEST FOR PROPOSAL (“RFP”) FOR DIGITAL WALLET PROCESSING SERVICES ON BEHALF OF THE OHIO BOARD OF DEPOSIT

On July 8, 2025, the Ohio Treasurer of State’s Office (the “Treasurer’s Office”), as administrative agent for the Ohio Board of Deposit (“BOD”), will issue an RFP for Digital Wallet Processing Services. The RFP will be made available by direct request. Respondents interested in receiving the RFP may request a copy by emailing [email protected]. Respondent submissions must be received by the Treasurer’s Office no later than 3:00 p.m. Eastern Time on August 19, 2025. Submission instructions will be outlined in the RFP. Any responses received after the submission deadline will be rejected.

The Treasurer’s Office requests proposals from financial institutions, issuers of financial transaction devices, and/or processors of financial transaction devices that desire to provide processing of electronic payments and/or transfers of funds, including conversion into U.S. dollars as needed, to any state elected official or state entity.

This notice is meant for publication purposes only. Any interested respondents must comply with all submission requirements as detailed in the RFP.

On November 12, 2024, the Ohio Treasurer of State (“Treasurer’s Office”) will release a Request for Proposal (“RFP”) for the award of active deposits of the public moneys of the State of Ohio for a period of four years commencing on July 7, 2025 (“Designation Period”). The RFP will be available by direct request. Respondents should submit their Response to the Treasurer’s Office no later than 3:00 PM EST on December 18, 2024. On March 17, 2025, the Board of Deposit will award active deposits for the Designation Period.

To hold active or interim deposits during the Designation Period, a Financial Institution must apply or renew its eligibility as a depository of public funds. On November 18, 2024, the application to serve as Depository of Public Funds for 2025 – 2029 will be available on the Treasurer’s website www.OhioTreasurer.gov or may be obtained by direct request. An application to hold active funds must be received by the Treasurer’s Office by December18, 2024. There is no deadline for filing an application to hold interim deposits; however, processing an application to hold interim deposits typically takes ninety (90) days. All applications are to be in accordance with Ohio Revised Code Chapter 135 and submitted to Treasurer Robert Sprague, Chairman, Ohio Board of Deposit, 30 East Broad Street, 9th Floor, Columbus, Ohio 43215.

To request a copy of the RFP or the public depository application, or to ask questions related to either document, please send an email to [email protected].

Question: The State is indicating interest in changing the way warrants are completed. As we look to provide alternative solutions, is there specific data in the current process that will be needed in the future for those warrants?

Answer: The respondent should consider solutions utilizing funds (numerical categorizations) to manage by expense type, payee positive pay, image availability, and reconciliation resources.

Co-Administration, Financial Advisory, Transfer Agent, and Custodial Services

On January 27, 2025, the Office of the Ohio Treasurer (“Treasurer’s Office”) will issue, on behalf of the State Treasury Asset Reserve of Ohio (“STAR Ohio”), a Request for Proposal (“RFP”) for co-administration, financial advisory, transfer agent, and custodial services. The RFP will be issued by direct request. Respondents interested in receiving the RFP may request a copy via email to [email protected]. Responses shall be received by the Treasurer’s Office no later than 3:00 PM EST on February 24, 2025.

This notice is meant for publication purposes only. Any interested respondents must comply with all submission requirements as detailed in the RFP.

Calendar of Events:

January 27, 2025
Release of RFP

February 3, 2025
Deadline to Submit Questions

February 10, 2025
Responses to Questions Posted

February 24, 2025
Deadline to Submit RFP Responses