Illinois Central College Board of Trustees Meeting Agenda Packet December 2025
Touchnet Contract Renewed for Payment Processing Services
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Description
The Illinois Central College Board renewed and renegotiated a $536,667 contract with Touchnet for payment processing and financial services, aligning with Workday Student implementation. The contract is extended through 2029 with no annual price increases.
Contract Details
Contract Amount
$536,667.00
Vendor
TOUCHNET
Agency
Illinois Central College, IL
Contract Type
TECHNOLOGY
Document Date
December 11, 2025
Contract Term
2025-2029 (5 years: 2025 & 2026 on prior contract, 2027-2029 extension)
Renewal Date
2029-12-31
Renewal Info
Renegotiated with no annual price escalation through 2029, with three-year extension added to remaining contract.
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