Planning

Open Banking Payment Services

INTELLECTUAL PROPERTY OFFICE

This public procurement record has 1 release in its history.

Planning

27 Feb 2023 at 16:47

Summary of the contracting process

The Intellectual Property Office (IPO) is planning a tender for Open Banking Payment Services. The proposal aims to improve payment initiation and account information services to facilitate bank transfers for customers efficiently. Suppliers are expected to provide services meeting global coverage, accessibility standards, real-time payments, PSD2 compliance, and WCAG 2.1 accessibility.

This procurement process presents an opportunity for businesses involved in financial consultancy, banking services, and payment processing to compete. The IPO seeks suppliers capable of enhancing customer payment experiences through digitisation and efficiency. The tender stage is currently in the planning phase, with a future notice date set for April 10, 2023, under the Government Procurement Agreement (GPA).

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Notice Title

Open Banking Payment Services

Notice Description

The IPO has identified a requirement for the provision of Payment Initiation and potentially Account Information Services in order to enable our customers to pay us by bank transfer (harnessing open banking opportunities) using a secure, simple, and efficient process as currently, our bank transfer journey is non-automated.<br/><br/>It is anticipated that during the term of the contract Account Information Services may be required to deliver enhanced and tailored financial services therefore interested suppliers must have the ability to provide both services from the outset.

Lot Information

Lot 1

The IPO has identified a requirement for the provision of Payment Initiation and potentially Account Information Services in order to enable our customers to pay us by bank transfer (harnessing open banking opportunities) using a secure, simple, and efficient process as currently, our bank transfer journey is non-automated.

It is anticipated that during the term of the contract Account Information Services may be required to deliver enhanced and tailored financial services therefore interested suppliers must have the ability to provide both services from the outset.

As part of the IP Right granting process, our customers currently pay for our services (applications/renewals for Patents, Trade Marks, Design rights) using a variety of payment methods. We are looking to enhance our offering to customers with a focus on digitisation and efficiency to modernise both internal and external processes, ensuring this is fit for purpose.

Over the next couple of years we will be introducing new digital services as part of our 'One IPO Transformation Programme' - IPO launches One IPO transformation programme.

We have the opportunity to align changes to our payment methods with the launch of these new digital services.

It is anticipated that the required services should meet the following standards:
- Global coverage
- Meet government digital accessibility standards
- Real time payments
- Strong customer authentication (PSD2 compliant)
- Fully WCAG 2.1 AA complaint (accessibility) - Web Content Accessibility Guidelines (WCAG) 2.1 (w3.org)

For the avoidance of doubt, the requirement will not include the following services:
- Direct debit
- Virtual / lodge cards
- Credit services

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03ac96
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005740-2023
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning 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

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

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

Notice Dates

Publication Date
27 Feb 20232 years ago
Submission Deadline
Not specified
Future Notice Date
9 Apr 2023Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
INTELLECTUAL PROPERTY OFFICE
Contact Name
Category Manager
Contact Email
corporate-commercial@ipo.gov.uk
Contact Phone
+44 3000200015

Buyer Location

Locality
NEWPORT
Postcode
NP10 8QQ
Post Town
Newport
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL54 Monmouthshire and Newport
Delivery Location
TLL21 Monmouthshire and Newport

Local Authority
Newport
Electoral Ward
Tredegar Park and Marshfield
Westminster Constituency
Newport West and Islwyn

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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