Award

Payment Acquiring Services

LONDON BOROUGH OF NEWHAM

This public procurement record has 1 release in its history.

Award

02 Jan 2024 at 16:16

Summary of the contracting process

The London Borough of Newham has awarded a contract for Payment Acquiring Services to WorldPay (UK) Limited via a limited procurement method. The services fall under the financial transaction processing and clearing-house services category. The contract, valued at GBP 1,280,000, was signed on October 26, 2023, with a quality-price award criteria of 30:70. The buyer can be contacted at procurement.support@newham.gov.uk for more information.

This procurement process by the London Borough of Newham presents opportunities for businesses in the financial services sector to provide face-to-face and card-not-present card acquiring services. Businesses offering gateway and alternative payment methods are well-suited to compete for this contract. The procurement method used was an award procedure without prior publication, creating a competitive landscape for businesses looking to expand their service offerings within the financial sector.

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Notice Title

Payment Acquiring Services

Notice Description

Payment Acquiring Services Face to Face (card holder present) and Card not present (CNP) Card acquiring, Gateway and alternative payment method (ATM services)

Lot Information

Lot 1

Payment Acquiring Services Face to Face (card holder present) and Card not present (CNP) Card acquiring, Gateway and alternative payment method (ATM services)

Options: Option to extend for a further 1yr.

Procurement Information

via Framework RM6118

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-042a59
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000064-2024
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

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
£1,280,000 £1M-£10M

Notice Dates

Publication Date
2 Jan 20242 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
25 Oct 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
LONDON BOROUGH OF NEWHAM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E16 2QU
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI4 Inner London - East

Local Authority
Newham
Electoral Ward
Royal Albert
Westminster Constituency
West Ham and Beckton

Supplier Information

Number of Suppliers
1
Supplier Name

WORLDPAY (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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