Award

Provision of Payment Services

POST OFFICE LIMITED

This public procurement record has 1 release in its history.

Award

21 Jul 2023 at 15:55

Summary of the contracting process

The Post Office Limited has awarded a contract for the provision of Payment Services to WORLDLINE RETAIL ENTERPRISE (UK) LIMITED. This contract was directly awarded under the Limited procurement method, with a value of £19,700,000. The services category of the contract falls under the banking services industry, supporting transactions conducted by the Post Office through its IT systems. The procurement stage was completed on April 17, 2023, and the contract is currently active.

This procurement process presents an opportunity for businesses in the banking services sector to engage in providing payment and banking services tailored to specific use cases. Companies with expertise in PCI compliance, bespoke service development, and interoperability with legacy and new IT platforms would be well-suited to compete for future tenders in this industry category. Post Office Limited in London is the buying organisation, and the location of the contract services is specified for regions in the United Kingdom.

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Notice Title

Provision of Payment Services

Notice Description

The provision on payment and banking services that underpin the transactions conducted by the Post Office through its IT systems.

Lot Information

Lot 1

The contract was a direct award to support the payment and banking services required to support the Post Offices transactions that are made via the pin entry devices within the branches. Additional information: This procurement was awarded via the Direct Award procedure.

Procurement Information

The payment and banking service that is provided by the supplier is PCI compliant, be-spoked to the specific Post Office use cases, and was required to interoperate with both the legacy and new IT platforms in parallel.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03e478
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/021185-2023
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66110000 - Banking services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£19,700,000 £10M-£100M

Notice Dates

Publication Date
21 Jul 20232 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Apr 20232 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
POST OFFICE LIMITED
Contact Name
Steve Hepburn
Contact Email
procurement@postoffice.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2Y 9AQ
Post Town
Central London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI4 Inner London - East

Local Authority
Islington
Electoral Ward
Bunhill
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

WORLDLINE RETAIL ENTERPRISE (UK

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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