To qualify for a bank contract, you will need the following:
1. There must be a qualifying transaction. This means that all payments must be credited towards a specific account. Examples include a specific water bill, parking ticket, loan number, inmate number, insurance policy, etc.
2. There must be a contract with an entity that either receives the payments (i.e. government agency, utility, merchant) or there must be a contract with an entity that distributes the payments (i.e. employer, family services, corporation) as opposed to an agreement with each individual making a payment.