Award

Payment Account Comparison Tool Data Feed

MONEY AND PENSIONS SERVICE

This public procurement record has 1 release in its history.

Award

16 Jun 2025 at 15:40

Summary of the contracting process

The procurement process, conducted by the Money and Pensions Service (MaPS), was for a project titled "Payment Account Comparison Tool Data Feed." This endeavour falls under the industry category of banking services, specifically classified with CPV code 66110000. The project location is within the United Kingdom, and the current procurement stage is at the award phase, with the contract being awarded to Defaqto Limited. The tender utilised an open procurement method through an open procedure above threshold. The key dates include the tender period end date on 6th December 2024, with the contract period spanning from 13th April 2025 to 12th April 2028. The contract value for the project is set at £368,300.

This tender presents significant opportunities for businesses involved in data services within the banking sector, particularly those capable of providing comprehensive data feeds and comparisons for payment account products and related fees. Companies, especially SMEs and VCSEs, that offer innovative solutions in data management and financial services are well-suited to compete in such contracts. The security of a long-term contract with a reputable entity like MaPS and a partnership with large-scale supplier Defaqto Limited could enhance credibility and provide substantial growth potential in the financial services industry.

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Notice Title

Payment Account Comparison Tool Data Feed

Notice Description

Contract for the provision of a data feed of the Payment Service Providers' (PSP) Payment account products, and to compare a specific and limited list of fees and charges known as the Linked Services list for the Payment Account Comparison Tool operated by MaPS.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-ba6e3609-06cd-42c5-b874-7a6c177385bb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/efc5fb51-2636-4e3a-9226-2f5ce94a0608
Current Stage
Award
All Stages
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
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
£400,000 £100K-£500K
Lots Value
Not specified
Awards Value
£368,300 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Jun 20258 months ago
Submission Deadline
6 Dec 2024Expired
Future Notice Date
Not specified
Award Date
12 Apr 202510 months ago
Contract Period
12 Apr 2025 - 12 Apr 2028 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
MONEY AND PENSIONS SERVICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BEDFORD
Postcode
EC1N 2TD
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI36 Camden
Delivery Location
Not specified

Local Authority
Camden
Electoral Ward
Holborn & Covent Garden
Westminster Constituency
Holborn and St Pancras

Supplier Information

Number of Suppliers
1
Supplier Name

DEFAQTO

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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