Award

TfL 91639 Merchant Acquiring Services.

TRANSPORT FOR LONDON FINANCE LIMITED

This public procurement record has 2 releases in its history.

Award

19 Jan 2017 at 15:10

Award Notice
Tender

18 Nov 2016 at 20:16

Tender Notice
Summary of the contracting process

The procurement process concerns the provision of Merchant Acquiring Services by Transport for London (TfL), an executive agency of the Greater London Authority. The tender, titled "TfL 91639 Merchant Acquiring Services," falls under the Financial and Insurance Services category, with the contract expected to last for seven years from 1st January 2017 to 1st January 2027, with potential extensions. The tender was released through a selective procurement method, specifically a negotiated procedure, and had its deadline for submissions on 17th February 2016. The services are intended to facilitate card payments for TfL, processing over 160 million transactions annually, totalling over £2.25 billion in value.

This tender presents significant opportunities for businesses specialising in financial services, particularly those capable of merchant acquiring and payment processing. Companies that are adept at integrating contactless payment systems and have regulatory approvals to operate in the UK would be particularly well-suited to compete for this contract. Additionally, firms with experience in expanding services to various transport authorities, including taxis and private hire, may find this project to be a strategic fit, given TfL's interest in potentially broadening service provision beyond London.

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Notice Information

Notice Title

TfL 91639 Merchant Acquiring Services.

Notice Description

TfL are looking for a merchant acquirer, which is a financial institution that acts as an intermediary betweenmerchants (TfL (Transport for London)/TTL (Transport Trading Limited)) and their customers to facilitate theacceptance of card payments. This includes but is not limited to face to face, by telephone or via the internet 14/01/2016S9 http://ted.europa.eu/TED - - Services - Contract notice - Negotiated procedure Supplement to the Official Journal of the European Union 2 / 4 transactions and will also include contactless (both retail and transit model transactions). The tenderer mustbe regulated to perform merchant acquiring business (and/or any other services the subject of the proposedcontract) in the UK in accordance with the relevant legislation and/or regulation, directive, laws, bye-laws andregulatory requirements necessary to perform such business and services in the UK. The services providedunder the contract may be expanded in the future to allow for the services to be provided in taxis and privatehire, and/or to allow for the services to be provided to or for other transport authorities in the United Kingdomor internationally, subject to the Greater London Authority Act 1999 (as Amended 2007). The contract term isexpected to be 7 years with the potential (at the discretion of (TTL/TFL)) for: i) extension (s) of 3 years; and/or ii)an additional period (at this stage not expected to exceed 12 months) during which some or all of the servicesmay continue to be provided to the extent required to facilitate an effective hand-back of the services to (TTL/TFL) or a successor provider. Currently TfL processes over 160 000 000 transactions per annum with a totaltransaction value of over 2 250 000 000 GBP. Additional information: This opportunity is on the European Dynamics Portal which can be found at: 1) https://eprocurement.tfl.gov.uk/epps 2) Your organisation may need to register if your company has not yet done so https://eprocurement.tfl.gov.uk/epps/ 3) The opportunity is called TfL91639. Any further questions must be dealt with via the help desk (or by e mail through the portal): tfl-eproc-helpdesk@eurodyn.com Telephone: +44 8000740503. a) Transport for London (TfL) is a complex organisation operating both as an executive agency of the GreaterLondon Authority (GLA) under the direction of the Mayor of London and as provider of transport services. b) Further information on TfL may be found at www.tfl.gov.uk and https://www.tfl.gov.uk/corporate/publications-and-reports/procurement-information c) Contract (s) may be awarded to the successful contractor by any part of TfL and/or any of its subsidiaries. d) The awarding authority reserves the right withdraw from the procurement process and/or not to award anycontract as a result of the competition called tot by this notice and the awarding authority shall not be liablefor any costs or expenses incurred by any candidates in considering and/or responding to the procurementprocess. e) All discussions and meetings will be conducted in English. Tenders and supporting documents must be pricedin GBP and all payments under the contract will be made in Sterling g) TfL may interview any or all companies who express an interest in tendering for this work. It should be noted that where standard re-accreditation and system integration is required, TfL's internal costis estimated to be 200 000 GBP and this will be taken account of in the tender evaluation. Additional testing,primarily related to the Transit Transaction Model, is estimated to result in a further 600 000 GBP of internalcost. This will not be taken account of in the tender evaluation as it is a non-standard item which could reducecompetition. Bidders are encouraged to make suggestions as to how both costs could be reduced.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-3310d19e-adc9-11e6-9901-0019b9f3037b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/17544f80-4c11-47d0-bc30-c3da14d9b473
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£200,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
£360,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
19 Jan 20179 years ago
Submission Deadline
17 Feb 2016Expired
Future Notice Date
Not specified
Award Date
21 Dec 20169 years ago
Contract Period
1 Jan 2017 - 31 Dec 2026 Over 5 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
TRANSPORT FOR LONDON FINANCE LIMITED
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
SW1H 0TL
Post Town
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BARCLAYS BANK PLC TRADING AS BARCLAYCARD PAYMENT ACCEPTANCE

Further Information

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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