Tender

Payments Solution

LONDON SOUTH BANK UNIVERSITY

This public procurement record has 2 releases in its history.

TenderCancellation

17 May 2019 at 11:16

Tender

06 Feb 2019 at 10:02

Summary of the contracting process

The procurement process pertains to the provision of a "Payments Solution" by London South Bank University (LSBU), situated in London, England. This initiative falls under the banking services industry category and is aimed at delivering effective payment solutions to enhance the stakeholder payment experience. The tender, which was initiated on 6th February 2019, is currently in the planning stage, with the bidding period having closed on 11th March 2019. The contract period is expected to commence on 2nd September 2019 and last until 1st September 2024, under an open procurement method designed for significant contracts above the stipulated financial threshold.

This tender presents a compelling opportunity for businesses specialising in payment solutions or banking services to expand their operations. Companies capable of offering a comprehensive payment processing system that ensures efficiency, compliance, and user-friendly experiences would be well suited to compete. Given LSBU's increasing international student enrolment, vendors that can provide tailored payment options appealing to diverse international client needs could significantly enhance their prospects in this procurement process.

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Notice Title

Payments Solution

Notice Description

- An outline of the business strategy and the role of this project in it; Ensuring LSBU's future sustainability by delivering efficient and responsive services to students, staff and external stakeholders within a robust governance framework, and exemplify a value for money approach to resource deployment. This project will enhance the current stakeholder payment experience and improve staff and resource efficiencies. - History relevant to the project; London South Bank University has been with WPM Education as the only Payment Gateway and Online Store provider for several years. Due to recent changes in our customer payment behaviour, we have closed our front facing service cash office and sign-posted all our students to pay online wherever possible. Some sites still accept cash for international customers who may not have a bank account or prefer not to pay online, others for external customers who still prefer to pay in cash. Although LSBU use WPM as our online store provider, our internal stakeholders' requirements indicate a need for a more robust, intuitive and user-friendly online shopping cart experience. Ideally an experience with a similar look, feel and functionality as a mix between Eventbrite event management and The Pay360 eShop from Capita. LSBU currently use Elavon for our acquiring and merchant services and Global Payments as our Payment Service Provider. However, we would prefer to have one supplier for all online and offline payment needs, and at the same time ensure improved PCI compliance status, have enhanced reporting features, and improved PDQ terminals POS functionality and P2P encryption. With a year-on-year increase in recruiting international students, LSBU requires a payment solution that would cater to payment preferences unique or most popular to every country. The majority of international students tend to pay by CHAPS or through banks who may use intermediary banks to remit the payment, which can cause problems with crucial payment details for prompt reconciliations getting lost in translation. Therefore a payment solution is sought from a reputable and well-known brand that would instil confidence in our customers to use the proposed payment solution, improve the reconciliation process, and speed up student registrations. Additional information: All documentation can be accessed from the LSBU e-sourcing portal. Click on "current opportunities" from the home page.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-80f251cd-64c7-4375-80ab-bf1123fbaf59
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/22cf4c15-5af8-428e-abd9-771ea0b70d52
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 May 20196 years ago
Submission Deadline
11 Mar 2019Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Sep 2019 - 1 Sep 2024 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Cancelled
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
LONDON SOUTH BANK UNIVERSITY
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
SE1 0AA
Post Town
South East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI44 Lewisham and Southwark
Delivery Location
Not specified

Local Authority
Southwark
Electoral Ward
St George's
Westminster Constituency
Bermondsey and Old Southwark

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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