Award

Card Acquiring Tender

UNIVERSITY OF CHESTER

This public procurement record has 3 releases in its history.

Award

24 Jul 2024 at 14:51

TenderUpdate

21 Mar 2024 at 16:20

Tender

21 Feb 2024 at 16:17

Summary of the contracting process

The University of Chester, a public body governed by UK procurement law, has completed the Card Acquiring Tender process. This procurement, classified under banking services (CPV 66110000), aimed to secure card acquiring services, including processing, authorisation, and settlement of the University's debit and credit transactions across various channels such as Chip and PIN, contactless payments, Mail Order/Telephone Order, and online e-commerce. The notice details the awarding of the contract to Global Payments, effective from 2nd July 2024, with a total value of £250,000 for a period of seven years, including possible extensions. The procurement process employed an open procedure method and the initial tender was launched on 21st February 2024.

This tender offers significant growth opportunities for businesses specialising in payment processing and merchant services. Companies with capabilities in providing efficient, cost-effective, and technologically adaptive solutions are particularly well-suited to compete. The University sought partners who can exceed user expectations and support both current and future requirements. Firms with robust support teams and dedicated relationship managers for the education sector have a competitive edge. Therefore, this tender provides an attractive prospect for businesses that can bring innovative, reliable, and scalable payment solutions to educational institutions.

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Notice Title

Card Acquiring Tender

Notice Description

This Award Notice follows the University of Chester seeking tenders for its card acquiring which includes the processing, authorisation and settlement of the University's debit and credit transactions via all payment channels including customer present (Chip and PIN/contactless payments), customer not present (Mail Order / Telephone Order) and online (e-commerce). The University is seeking to develop efficient and cost-effective merchant service arrangements which will be capable of meeting future market and technological changes, and which will meet, and often exceed, user expectations. It is looking for a relationship with an organisation which it can be confident will fulfil all the University's current and future requirements. Please note the values in this notice are rounded up and are for the full potential 7 years of the contract including optional extension periods.

Lot Information

Lot 1

This award notice follows University of Chester having tendered for card acquiring which includes the processing, authorisation and settlement of the University's debit and credit transactions via all payment channels including customer present (Chip and PIN/contactless payments), customer not present (Mail Order / Telephone Order) and online (e-commerce). The University was seeking to develop efficient and cost-effective merchant service arrangements which will be capable of meeting future market and technological changes, and which will meet, and often exceed, user expectations. The values entered into this notice are rounded up and for the value of the full 7 years including optional extensions.

Renewal: The initial contract is for 5 years with 2 potential extension years, after this the requirement may be retendered.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-043bec
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/023081-2024
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£750,000 £500K-£1M
Lots Value
£750,000 £500K-£1M
Awards Value
Not specified
Contracts Value
£250,000 £100K-£500K

Notice Dates

Publication Date
24 Jul 20241 years ago
Submission Deadline
28 Mar 2024Expired
Future Notice Date
Not specified
Award Date
1 Jul 20241 years ago
Contract Period
30 Jun 2024 - 30 Jun 2031 Over 5 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF CHESTER
Contact Name
Procurement Services
Contact Email
procurement@chester.ac.uk
Contact Phone
Not specified

Buyer Location

Locality
CHESTER
Postcode
N/A
Post Town
Chester
Country
England

Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD6 Cheshire
Small Region (ITL 3)
TLD63 Cheshire West and Chester
Delivery Location
Not specified

Local Authority
Cheshire West and Chester
Electoral Ward
Chester City & the Garden Quarter
Westminster Constituency
Chester North and Neston

Supplier Information

Number of Suppliers
1
Supplier Name

GLOBAL PAYMENTS

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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