Payment Processing Agent

Contract summary

Industry

• Financial transaction processing and clearing-house services - 66172000

Location of contract

East Midlands

Value of contract

£174,000

Procurement reference

PROC IJ ITT/098

Published date

25 March 2022

Closing date

1 March 2022

Closing time

12pm

Contract start date

1 April 2022

Contract end date

31 March 2025

Contract type

Service contract

Procedure type

Other: VEAT Notice

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

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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.

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More information

Additional text

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.

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Award information

Awarded date

7 March 2022

Contract start date

1 April 2022

Contract end date

31 March 2025

Total value of contract

£174,000

This contract was awarded to 1 supplier.

WPM EDUCATION LIMITED

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About the buyer

Contact name

Procurement

Address

Kedleston Road
DERBY
DE22 1GB
England

Email

procurement@derby.ac.uk

Website

www.derby.ac.uk