Overseas Passthrough 2023

Contract summary

Industry

• Financial and insurance services - 66000000

Location of contract

United Kingdom

Value of contract

£91,200

Procurement reference

project_26073

Published date

30 April 2024

Closing date

31 March 2024

Closing time

11:59pm

Contract start date

1 April 2024

Contract end date

31 March 2026

Contract type

Service contract

Procedure type

Single tender action (below threshold)

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

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Description

Overseas Payment Service (pass-through) (OPS) contract provides the connectivity to enable the secure transmission of the overseas payment file from the DWP estate to Citibank (the Overseas Bulk fx supplier) via Vocalink. Vocalink is the sole supplier of the UK's Banker's Automated Clearing System (BACS) which forms part of the National Critical Infrastructure (NCI).
The OPS (pass-through) exists only to facilitate the transfer of payment file information submitted via Vocalink to Citibank for processing. The OPS itself does not provide any other service, it is a necessary step within the process to separate the overseas file ready for collection and ongoing transmission, following the approved route of submission into Vocalink infrastructure.

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More information

Attachments

• OVERSEAS PASS-THROUGH SERVICE redacted.pdf
• Signed contract
• Redacted Contract

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Award information

Awarded date

1 April 2024

Contract start date

1 April 2024

Contract end date

31 March 2026

Total value of contract

£91,200

This contract was awarded to 1 supplier.

Vocalink International

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About the buyer

Contact name

Michael Gaynor

Address

Peel Park
Brunel Way
Blackpool
FY4 5ES
England

Telephone

44 300 1234567

Email

michael.gaynor1@dwp.gov.uk

Website

https://www.gov.uk/government/organisations/department-for-work-pensions