Award

Merchant Services 2019 - 2024

UNIVERSITY OF BRISTOL

This public procurement record has 2 releases in its history.

Award

12 Jul 2019 at 12:51

Tender

11 Sep 2018 at 07:31

Summary of the contracting process

The University of Bristol is seeking a provider for its "Merchant Services 2019 - 2024" tender, aimed at managing the processing, authorisation, and settlement of debit and credit card transactions. This procurement falls under the financial transaction processing category and involves an open procedure, indicating that all qualified businesses may participate. The tender was published on 11th September 2018, with the submission deadline on 8th October 2018. The contract will run from 1st April 2019 to 31st March 2026, with a potential extension of up to two years, and has a total estimated value of £6 million.

This tender presents significant opportunities for businesses specialising in financial services, especially those experienced in electronic payment processing and transaction management. Firms capable of delivering high availability service and effective support are particularly well-suited for this contract. With a focus on both in-person and online transactions, businesses providing innovative and adaptable payment solutions could greatly benefit from participating in this highly competitive tendering process.

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Notice Title

Merchant Services 2019 - 2024

Notice Description

Merchant services for processing, authorisation and settlement of debit and credit card transactions. The University is seeking a provider of merchant services for processing, authorisation and settlement of the University's debit and credit transactions via all payment channels including: - customer present (Chip and PIN / contactless payments), - customer not present (mail order / telephone order) and online (e-commerce). The successful Supplier will be expected to provide a high level availability of the service and add value through an effective support. Additional information: The values quoted makes allowance for the inclusion all interchange, scheme and processing fees that make up the transaction costs. The initial contract period will be for 5 years with an option to extend for a maximum of a further 2 years. The awarded value assumes the option to extend is exercised in full.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4175828d-52f8-4495-ab54-aa57b374b279
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/86ed3142-a4ea-4831-ab64-ebd17fb8574b
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
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
£6,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£8,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Jul 20196 years ago
Submission Deadline
8 Oct 2018Expired
Future Notice Date
Not specified
Award Date
5 Mar 20196 years ago
Contract Period
31 Mar 2019 - 31 Mar 2026 Over 5 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
UNIVERSITY OF BRISTOL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRISTOL
Postcode
BS1 5DS
Post Town
Bristol
Country
England

Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK5 West of England
Small Region (ITL 3)
TLK51 Bristol, City of
Delivery Location
TLK South West (England)

Local Authority
Bristol, City of
Electoral Ward
Central
Westminster Constituency
Bristol Central

Supplier Information

Number of Suppliers
1
Supplier Name

GLOBAL PAYMENTS

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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