Tender

International Student Payment Solution including SRS-19 Online Payment Gateway SITS component integration

GLYNDWR UNIVERSITY

This public procurement record has 1 release in its history.

Tender

20 Aug 2021 at 13:45

Summary of the contracting process

The procurement process is being conducted by Glyndwr University to acquire an International Student Payment Solution, including the integration with the SRS-19 Online Payment Gateway Tribal SITS component. This tender falls under the services category, specifically for international payment transfer services. The process is currently active and is being carried out in accordance with the Concession Contracts Regulations 2016. Interested parties should submit their electronic responses by 27 September 2021, while the contract is projected to last for an initial duration of three years, with a possible extension of up to two years, contingent on annual reviews. The project is centred in Wrexham, UK.

This tender presents an advantageous opportunity for technology and financial service providers that specialise in payment systems and software integration. Businesses with capabilities in developing secure, multilingual payment platforms as well as those that can offer competitive rates of exchange in various currencies would be particularly well-suited to compete for this contract. Additionally, companies experienced in meeting compliance regulations, such as KYC (Know Your Customer) and AML (Anti-Money Laundering), will be critical in establishing a secure and efficient payment processing solution tailored for international students.

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Notice Title

International Student Payment Solution including SRS-19 Online Payment Gateway SITS component integration

Notice Description

The University has a requirement to procure International Student Payment Solution including Integration with the SRS-19 Online Payment Gateway Tribal SITS component. The Contract Notice has been advertised on the Sell2Wales website and the process is being conducted under the Concession Contracts Regulations 2016. Scope includes the following: International Student Payment Solution including Integration with the SRS-19 Online Payment Gateway Tribal SITS component. This is a Pass/ Fail criteria. Bidders MUST have in place the integration capability with the SRS-19 online payment gateway SITS component. The University seeks to appoint a provider of an effective and efficient payment portal dedicated to online international payments and any associated refunds. The payment solution should offer fair pricing and competitive rates of exchange in a wide range of currencies to all students. To reduce the amount of unidentified direct bank transfers received from international students and to facilitate the processing of payments and their reconciliation to the finance/student record system. To provide clear and simple information to payers which will result in improved communication on payment status and support with the payment process. To offer a multilingual payment platform which will support a wide range of international students. To improve the refund process by removing manual and unsecure processes with the introduction of a secure platform with the ability to securely receive and refund payments to protect students and the university whilst meeting all necessary local regulatory requirements (KYC and AML). In additional the University is interested in any possible value added solutions that could improve the monitoring of payment plans for students. Initial 3 year contract duration with option to extend for a further 2 years subject to annual reviews.

Lot Information

Lot 1

The University has a requirement to procure International Student Payment Solution including Integration with the SRS-19 Online Payment Gateway Tribal SITS component. The Contract Notice has been advertised on the Sell2Wales website and the process is being conducted under the Concession Contracts Regulations 2016. Scope includes the following: International Student Payment Solution including Integration with the SRS-19 Online Payment Gateway Tribal SITS component. This is a Pass/ Fail criteria. Bidders MUST have in place the integration capability with the SRS-19 online payment gateway SITS component. The University seeks to appoint a provider of an effective and efficient payment portal dedicated to online international payments and any associated refunds. The payment solution should offer fair pricing and competitive rates of exchange in a wide range of currencies to all students. To reduce the amount of unidentified direct bank transfers received from international students and to facilitate the processing of payments and their reconciliation to the finance/student record system. To provide clear and simple information to payers which will result in improved communication on payment status and support with the payment process. To offer a multilingual payment platform which will support a wide range of international students. To improve the refund process by removing manual and unsecure processes with the introduction of a secure platform with the ability to securely receive and refund payments to protect students and the university whilst meeting all necessary local regulatory requirements (KYC and AML). In additional the University is interested in any possible value added solutions that could improve the monitoring of payment plans for students. Initial 3 year contract duration with option to extend for a further 2 years subject to annual reviews.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02d779
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/020490-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services


CPV Codes

48442000 - Financial systems software package

66110000 - Banking services

66115000 - International payment transfer services

Notice Value(s)

Tender Value
£25,000,000 £10M-£100M
Lots Value
£25,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Aug 20214 years ago
Submission Deadline
27 Sep 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
20TH August 2024 or 20th August 2026

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
GLYNDWR 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
WREXHAM
Postcode
LL11 2AW
Post Town
Llandudno
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL3 North Wales
Small Region (ITL 3)
TLL34 Flintshire and Wrexham
Delivery Location
TLL23 Flintshire and Wrexham

Local Authority
Wrexham
Electoral Ward
Grosvenor
Westminster Constituency
Wrexham

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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