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Provision of E-Payment Platform inclusive of Design, Testing, Hosting & Management Including Fraud and Debt Management Solution

University of Strathclyde

This public procurement record has 5 releases in its history.

Award

20 Aug 2024 at 12:56

Award Notice
TenderUpdate

02 May 2024 at 16:14

Tender Notice
TenderUpdate

02 May 2024 at 15:08

Tender Notice
Tender

04 Apr 2024 at 16:11

Tender Notice
Planning

26 Jun 2023 at 14:52

Planning Notice
Summary of the contracting process

The University of Strathclyde has awarded the contract for the Provision of E-Payment Platform inclusive of Design, Testing, Hosting & Management Including Fraud and Debt Management Solution to Flywire Payments Ltd. This contract, located in Glasgow (UKM82), falls under the industry category of Banking Services (CPV 66110000) and focuses on providing online payment facilities for students and commercial customers. The procurement stage is complete, with the contract signed on 2024-07-29. The project is substantial, accommodating an estimated 52,000,000 GBP in bank transactions per annum. Key dates included various amendments, tender updates, and awards, showcasing a thorough and ongoing procurement process.

This tender offers significant growth opportunities for businesses specialising in financial technology, particularly those with expertise in payment processing, fraud prevention, and debt management. Businesses capable of integrating comprehensive financial services with existing university systems and ensuring secure, efficient transaction processing are well-suited to compete. The nature of this contract demands robust technical capabilities, making it attractive for SMEs like Flywire Payments Ltd., which successfully won the contract worth approximately 1,012,050 GBP. Companies invested in the education sector and proficient in handling large-scale payment operations will find this an excellent opportunity to expand their market presence and establish longstanding relationships with educational institutions like the University of Strathclyde.

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Notice Information

Notice Title

Provision of E-Payment Platform inclusive of Design, Testing, Hosting & Management Including Fraud and Debt Management Solution

Notice Description

The University of Strathclyde requires a mechanism to provide students and commercial customers with online payment facilities to allow payments to be made to the university using Credit/Debit Cards, Recurring Card Payments Direct Debit, Open Banking, Cross Border Banking and any other alternative payment methods, in respect of but not limited to tuition fees, accommodation fees, other outstanding student fees, commercial sales invoices, library fees, Sports Centre memberships and charges, conference and event booking and print services for an estimated 42,000 transactions per annum of an estimated value of 35,000,000 GBP

Lot Information

Commercial Payments and Online Shop Facility Inclusive of the Design, Testing, Hosting and Management of Services

The University of Strathclyde requires a mechanism to provide students and commercial customers with online payment facilities to allow payments to be made to the university using Credit/Debit Cards, Recurring Card Payments Direct Debit, Open Banking, Cross Border Banking and any other alternative payment methods, in respect of but not limited to tuition fees, accommodation fees, other outstanding student fees, commercial sales invoices, library fees, Sports Centre memberships and charges, conference and event booking and print services for an estimated 42,000 card transactions per annum of an estimated 35,000,000 GBP and an estimated 10,000 bank transactions per annum of an estimated 52,000,000 GBP The University also requires a comprehensive debt management / accounts receivable collection system as well as a robust fraud management process in place to assist with the collection of outstanding student and commercial fees and management of fraudulent transactions. The university requires a solution to facilitate the receipt, transfer and accounting of incoming domestic and foreign payment streams, where UK sanctions permit, from the payer from traditional existing and new payment cards, open banking, cross border banking, recurring card payments, direct debit and alternative payment methods. The supplier will provide an online shop facility, an administration facility to manage recurring card payments, a direct debit management system, and the use of the Royal Mail postal address finder service. The solution offered will be required to integrate and take data feed from other university systems including, but not limited, to Unit4 Business World On, Arribatec, Oracle. StarRez, Gladstone, Events Air, Alma and In-House Conference Management system and be able to update university systems in real time.

Renewal: The contracting authority exercises the right to extend this contract by two periods of up to 12-months. The extension will be utilised at the sole discretion of the contracting authority.

Student Payments Inclusive of the Design, Testing, Hosting and Management of Services Including Fraud and Debt Management Solutions

University of Strathclyde requires a mechanism to provide students with an online payment facility to allow payments to be made to the University using Credit/Debit Cards, Open Banking and any other alternative payment methods in respect of Tuition Fees, Accommodation Fees, Library Fees and other ad hoc student charges. As well as the payment facility, the University of Strathclyde also require the supplier to provide a comprehensive debt management / AR collection system to assist the Finance team with collection of outstanding student fees.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03dc88
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/026461-2024
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

72 - IT services: consulting, software development, Internet and support

CPV Codes

66110000 - Banking services

66115000 - International payment transfer services

72212100 - Industry specific software development services

Notice Value(s)

Tender Value
£1,100,000 £1M-£10M
Lots Value
£1,100,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£1,012,050 £1M-£10M

Notice Dates

Publication Date
20 Aug 20242 years ago
Submission Deadline
6 May 2024Expired
Future Notice Date
20 Oct 2023Expired
Award Date
29 Jul 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
April 2029

Notice Status

Tender Status
Complete
Lots Status
Cancelled, Planned
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Strathclyde
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G1 1QE
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM82 Glasgow City
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North East

Supplier Information

Number of Suppliers
1
Supplier Name

Flywire Payments Ltd

Further Information

Open Contracting Data Standard (OCDS)

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