Award

Payment Processing Agents

UNIVERSITY OF DERBY

This public procurement record has 2 releases in its history.

TenderUpdate

25 Mar 2022 at 16:11

Award

25 Mar 2022 at 16:04

Summary of the contracting process

The University of Derby is seeking payment processing agents to provide merchant payment gateway services for the processing of financial card transactions. This tender, classified under the CPV code 66172000, falls under the services category and is currently in the Award stage. The contract, which has been awarded but is set to last three years, has a value of £174,000 and was signed on April 1, 1966. The procurement process used was limited and negotiated without the publication of a contract notice, reflecting the unique integration and automation capabilities required for recurring card payments.

This tender presents an excellent opportunity for businesses specialising in financial transaction services, particularly those with advanced technology in card processing and integration. Companies looking to leverage their expertise in automated payment solutions, flexibility in recurring transactions, and self-service capabilities would be well-positioned to compete. Notably, potential suppliers should be prepared to demonstrate their ability to provide high-level service without dependence on third-party solutions or manual interventions.

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Notice Title

Payment Processing Agents

Notice Description

Provision of merchant payment gateway services to process financial card transactions.

Lot Information

Lot 1

Provision of merchant payment gateway services to process financial card transactions. It is mandatory to provide a high level of integration, automation, flexibility, self -service and DCC capabilities for Recurring card payment. There must not be any limitations around frequency or fixing timing of payments. An automatic retry of failed payments is required. There shall be no reliance on third party solutions to collect and facilitate payments and no reliance on manual interventions to "manage" payment, changes in payment details and amounts and failures. Additional information: This contract has been awarded after pre-market engagement had been undertaken and negotiations held with the selected provider.

Procurement Information

There is no other provider that provides the same functionality and integration for Recurring Card Payments (RCP) in the sector. Potentially comparable solutions lack the same level of integration, automation, flexibility, self-service and DCC capabilities. To contact with a new provider will take two years to implement and will be at significant cost. It has been agreed that a tender process taking this into consideration will commence next year.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03269d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008198-2022
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Negotiated without publication of a contract notice
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£174,000 £100K-£500K

Notice Dates

Publication Date
25 Mar 20223 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
31 Mar 196659 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF DERBY
Contact Name
Procurement
Contact Email
procurement@derby.ac.uk
Contact Phone
+44 1332592004

Buyer Location

Locality
DERBY
Postcode
DE22 1GB
Post Town
Derby
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF11 Derby
Delivery Location
TLF East Midlands (England)

Local Authority
Derby
Electoral Ward
Allestree
Westminster Constituency
Mid Derbyshire

Supplier Information

Number of Suppliers
1
Supplier Name

WPM EDUCATION

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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