Payment Processing Agent

A Contract Award Notice
by UNIVERSITY OF DERBY

Source
Contracts Finder
Type
Contract (Services)
Duration
3 year
Value
£174K
Sector
BUSINESS
Published
25 Mar 2022
Delivery
01 Apr 2022 to 31 Mar 2025
Deadline
01 Mar 2022 12:00

Concepts

Location

Geochart for 1 buyers and 1 suppliers

1 buyer

1 supplier

Description

This is an Award Notice for the provision of merchant payment gateway services to process financial card transactions. It is mandatory to provide a high level of integration, automation, flexibility, self -service and DCC capabilities for Recurring card payment. There must not be any limitations around frequency or fixing timing of payments. An automatic retry of failed payments is required. There shall be no reliance on third party solutions to collect and facilitate payments and no reliance on manual interventions to "manage" payment, changes in payment details and amounts and failures.

Award Detail

1 WPM Education (Burgess Hill)
  • Value: £174,000

CPV Codes

  • 66172000 - Financial transaction processing and clearing-house services

Indicators

  • Contract is suitable for SMEs.

Other Information

There is no other provider that provides the same functionality and integration for Recurring Card Payments (RCP) in the sector. Potentially comparable solutions lack the same level of integration, automation, flexibility, self-service and DCC capabilities. To contact with a new provider will take two years to implement and will be at significant cost. It has been agreed that a tender process taking this into consideration will commence next year.

Reference

Domains