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Financial Services and Payments Framework

CARD PROCESSING ADVISORY SERVICE LIMITED

This public procurement record has 2 releases in its history.

Award

29 Jul 2023 at 10:35

Award Notice
Tender

05 May 2023 at 15:59

Tender Notice
Summary of the contracting process

The Card Processing Advisory Service Limited has awarded a contract for the Financial Services and Payments Framework. The procurement process was initiated as a tender and is now in the award stage. The contract, valued at £100,000,000 GBP, involves Financial and insurance services. The tender closed on 7th June 2023, and the contract period is from 3rd July 2023 to 3rd July 2027.

This tender presents an opportunity for businesses in the financial and insurance services sector. Companies providing Income Management Systems, Banking Services, Merchant Services, and related services would be well-suited to compete. The contracting authorities include several councils such as Newark and Sherwood District Council and Rushcliffe Borough Council. The procurement method was an open procedure above the threshold.

How relevant is this notice?

Notice Information

Notice Title

Financial Services and Payments Framework

Notice Description

The Contracting Authorities (listed below), along with a number of other councils of varying sizes, are looking to review their Financial Management & Payment Systems. Specifically, the following areas are of interest: Income Management Systems Banking Services Merchant Services Call Masking & IVR systems for compliant Moto payments Open Banking Payments Open Banking Data Services Procurement Cards Income Management Systems may include the provision of Merchant Services, Call Masking & IVR and Open Banking Payments. The Contracting Authorities are: Newark and Sherwood District Council Gedling Borough Council Rushcliffe Borough Council Broxtowe Borough Council Adur and Worthing Councils Arun District Council The Framework is designed and managed by the Card Processing Advisory Service (CPRAS). Detailed information can be found, and applications can be made, at: https://toolbox.cpras.co.uk/supplier-hub/signup

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c79adbc9-e497-4141-b18e-bf4bdd5b14ed
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1744fb86-c0ac-42ce-bd03-33cb3773eb2b
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, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

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

Notice Dates

Publication Date
29 Jul 20233 years ago
Submission Deadline
7 Jun 2023Expired
Future Notice Date
Not specified
Award Date
13 Jul 20233 years ago
Contract Period
3 Jul 2023 - 3 Jul 2027 4-5 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
CARD PROCESSING ADVISORY SERVICE 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
W1W 5PF
Postcode Area
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
Not specified
Local Authority
Westminster
Electoral Ward
West End
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
14
Supplier Names

ADELANTE SOFTWARE LTD

COCOON CARD LTD

Checkout Ltd

ECOSPEND TECHNOLOGIES LIMITED

GoCardless Limited

Heycentric Ltd

KEY IVR LIMITED

Kikapay Limited

LLOYDS BANK PLC

NATIONAL WESTMINSTER BANK PLC

NUVEI FINANCIAL SERVICES LIMITED

VISA EUROPE LIMITED

VYNE TECHNOLOGIES LIMITED

Volopa Financial Services Ltd

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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