Award

PTX Faster Payments Cloud Solution

H M REVENUE & CUSTOMS

This public procurement record has 1 release in its history.

Award

11 Apr 2025 at 08:48

Summary of the contracting process

The procurement process for the "PTX Faster Payments Cloud Solution," initiated by H M Revenue & Customs, focuses on the banking and investment services industry. The system will convert BACS files to Bulk Faster Payment files while logging audit events during the conversion and allocating delayed BACS files to the Faster Payment Service. This tender falls under the services category and follows a selective procurement method, "Call-off from a framework agreement." Key dates include the contract period from 1 April 2025 to 31 March 2026, with the tender period ending on 31 March 2025. The procurement stage is currently at the Award phase, and the contract has been awarded to Bottomline Transactional Services Limited, with an estimated value of £332,985.60 GBP. The location for delivery is the United Kingdom.

This tender represents a significant opportunity for businesses within the banking and investment technology sector, particularly those specialising in payment processing solutions. While it may not be suitable for SMEs or VCSEs, larger enterprises with a robust technological infrastructure for cloud payment systems would be well-positioned to compete. By participating in such government-led initiatives, organisations can expand their market presence, enhance their portfolio of services, and establish valued relationships with prestigious entities like H M Revenue & Customs. The successful execution of this contract could lead to further opportunities within the public procurement landscape, fostering business growth and innovation.

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Notice Title

PTX Faster Payments Cloud Solution

Notice Description

The system has functionality to convert BACS file to Bulk Faster Payment file . in addition the functionality to log audit event whenever BACS file is converted to Bulk Faster Payment file and it must be able to allocate the delayed BACS file to Faster Payment Service

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7c4a4eb1-8313-4980-9c3e-f8250a108d06
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66100000 - Banking and investment services

Notice Value(s)

Tender Value
£332,985 £100K-£500K
Lots Value
Not specified
Awards Value
£332,985 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Apr 202510 months ago
Submission Deadline
31 Mar 2025Expired
Future Notice Date
Not specified
Award Date
2 Apr 202510 months ago
Contract Period
31 Mar 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
H M REVENUE & CUSTOMS
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
SS99 1AA
Post Town
Southend-on-Sea
Country
England

Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH31 Southend-on-Sea
Delivery Location
Not specified

Local Authority
Southend-on-Sea
Electoral Ward
Victoria
Westminster Constituency
Southend East and Rochford

Supplier Information

Number of Suppliers
1
Supplier Name

BOTTOMLINE TRANSACTIONAL SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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