Award

Payment Acquiring Services

LONDON BOROUGH OF NEWHAM

This public procurement record has 1 release in its history.

Award

02 Jan 2024 at 16:43

Summary of the contracting process

The London Borough of Newham has recently awarded a contract for Payment Acquiring Services with a value of £1,280,000. The procurement method used was selective, with a procurement method detail of Catalogue purchase. The contract period is from November 1, 2023, to October 31, 2026. The tender was initiated on January 2, 2024, and the tender period ended on February 16, 2023. The buying organisation is LONDON BOROUGH OF NEWHAM, located in London, England, with a postcode of E16 2QU. The industry category is financial transaction processing and clearing-house services.

This contract for Payment Acquiring Services presents a business opportunity for companies specialised in financial transaction processing and clearing-house services. The London Borough of Newham has already awarded the contract to WorldPay (UK) Limited for this project. Businesses looking to provide Face to Face and Card not present (CNP) Card acquiring, Gateway, and alternative payment method (ATM services) are well-suited to compete for such tenders. The contract value of £1,280,000 over a three-year period offers a significant opportunity for growth in the financial services sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Payment Acquiring Services

Notice Description

Payment Acquiring Services Face to Face (card holder present) and Card not present (CNP) Card acquiring, Gateway and alternative payment method (ATM services)

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-289fea91-2b72-47c5-b444-c26644b8524f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9c0b9548-46ad-4b7d-9b1f-9b1ecb9d071e
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Catalogue purchase
Tender Suitability
Not specified
Awardee Scale
Large

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
£1,280,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,280,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jan 20242 years ago
Submission Deadline
16 Feb 2023Expired
Future Notice Date
Not specified
Award Date
25 Oct 20232 years ago
Contract Period
1 Nov 2023 - 31 Oct 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF NEWHAM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E16 2QU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
Not specified

Local Authority
Newham
Electoral Ward
Royal Albert
Westminster Constituency
West Ham and Beckton

Supplier Information

Number of Suppliers
1
Supplier Name

WORLDPAY (UK

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-289fea91-2b72-47c5-b444-c26644b8524f-2024-01-02T16:43:58Z",
    "date": "2024-01-02T16:43:58Z",
    "ocid": "ocds-b5fd17-289fea91-2b72-47c5-b444-c26644b8524f",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "Payment Acquiring Services",
        "title": "Payment Acquiring Services",
        "description": "Payment Acquiring Services Face to Face (card holder present) and Card not present (CNP) Card acquiring, Gateway and alternative payment method (ATM services)",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66172000",
            "description": "Financial transaction processing and clearing-house services"
        },
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "E16 2QU"
                    }
                ]
            }
        ],
        "value": {
            "amount": 1280000,
            "currency": "GBP"
        },
        "procurementMethod": "selective",
        "procurementMethodDetails": "Catalogue purchase",
        "tenderPeriod": {
            "endDate": "2023-02-16T12:00:00Z"
        },
        "contractPeriod": {
            "startDate": "2023-11-01T00:00:00Z",
            "endDate": "2026-10-31T23:59:59Z"
        },
        "suitability": {
            "sme": false,
            "vcse": false
        },
        "mainProcurementCategory": "services"
    },
    "parties": [
        {
            "id": "GB-LAE-NWM",
            "name": "LONDON BOROUGH OF NEWHAM",
            "identifier": {
                "legalName": "LONDON BOROUGH OF NEWHAM",
                "scheme": "GB-LAE",
                "id": "NWM"
            },
            "address": {
                "streetAddress": "Building 1000,Dockside Road",
                "locality": "LONDON",
                "postalCode": "E162QU",
                "countryName": "England"
            },
            "contactPoint": {
                "email": "procurement.support@newham.gov.uk"
            },
            "details": {
                "url": "http://www.newham.gov.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-03424752",
            "name": "WorldPay (UK) Limited",
            "identifier": {
                "legalName": "WorldPay (UK) Limited",
                "scheme": "GB-COH",
                "id": "03424752"
            },
            "address": {
                "streetAddress": "Wallbrook Building London EC4N 8AF"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-LAE-NWM",
        "name": "LONDON BOROUGH OF NEWHAM"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-289fea91-2b72-47c5-b444-c26644b8524f-1",
            "status": "active",
            "date": "2023-10-26T00:00:00+01:00",
            "datePublished": "2024-01-02T16:43:58Z",
            "value": {
                "amount": 1280000,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-03424752",
                    "name": "WorldPay (UK) Limited"
                }
            ],
            "contractPeriod": {
                "startDate": "2023-11-01T00:00:00Z",
                "endDate": "2026-10-31T23:59:59Z"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/9c0b9548-46ad-4b7d-9b1f-9b1ecb9d071e",
                    "datePublished": "2024-01-02T16:43:58Z",
                    "format": "text/html",
                    "language": "en"
                }
            ]
        }
    ]
}