The City of Yonkers is seeking proposals for a comprehensive audit and analysis of interchange fees and payment processing charges on its credit and debit card transactions. The selected firm will identify recoverable overpayments and recommend strategies to reduce future processing costs. Proposals must be submitted electronically via BidNet by October 2, 2026, 2 pm EST. Compensation is on a contingency fee basis, based on actual fees recovered or refunds received. The contract term is 36 months with options to extend.
The proposal submission deadline is Friday, October 2, 2026, by 2 pm EST. proposal submission deadline: friday, october 2, 2026, by 2 pm est
The city intends to award this contract on a contingency fee basis, meaning no payment shall be made unless the city realizes an actual financial recovery.
If two offers are found to be substantially technically equivalent, price shall be the basis for determining the award recipient. if two offers are found to be substantially technically equivalent, price shall be the basis for determining the award recipient.
Proposers must demonstrate at least five 5 years of experience auditing payment card processing fees.
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The deadline for written questions is Friday, September 18, 2026, 12pm EST. deadline for receipt of written questions submitted to nicole galdi via email nicole. galdi@yonkersny. gov: friday, september 18, 2026 12pm est
Proposers may be disqualified for failure to submit any required attachment exhibit, or for submitting incomplete or nonresponsive information, exhibits or attachments.