Award

Payment Processing Agent

UNIVERSITY OF DERBY

This public procurement record has 1 release in its history.

Award

25 Mar 2022 at 16:20

Award Notice
Summary of the contracting process

The University of Derby has completed the procurement process for a contract titled "Payment Processing Agent," aimed at securing merchant payment gateway services for financial card transactions. This contract falls under the category of financial transaction processing and clearing-house services and is located in the East Midlands, United Kingdom. The award notice for this tender was published on 25 March 2022, and it was awarded on 7 March 2022, with a contract period from 1 April 2022 to 31 March 2025. The value of the contract is £174,000, procured through a VEAT Notice method.

This tender presents growth opportunities particularly for small and medium-sized enterprises (SMEs) that specialise in advanced payment processing solutions. The requirements emphasise high levels of integration, automation, and flexibility, indicating a demand for innovative technology providers. Businesses that can deliver comprehensive recurring payment capabilities without reliance on third-party services will be well-suited to compete for similar procurement openings in the future.

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Notice Information

Notice Title

Payment Processing Agent

Notice 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. Additional 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-19449c70-04d2-4708-aaab-37a6ff821a57
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/60e47eaf-f29a-4cce-a419-9cc19966c3a4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - VEAT Notice
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£174,000 £100K-£500K
Lots Value
Not specified
Awards Value
£174,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
25 Mar 20223 years ago
Submission Deadline
1 Mar 2022Expired
Future Notice Date
Not specified
Award Date
7 Mar 20223 years ago
Contract Period
31 Mar 2022 - 31 Mar 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF DERBY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DERBY
Postcode
DE22 1GB
Post Town
Derby
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)
Local Authority
Derby
Electoral Ward
Allestree
Westminster Constituency
Mid Derbyshire

Supplier Information

Number of Suppliers
1
Supplier Name

WPM EDUCATION

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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