---
title: "Bank Wizard Subscription"
ocid: "ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "FINANCIAL SERVICES COMPENSATION SCHEME LIMITED"
published: "2022-02-01"
---

# Bank Wizard Subscription

Buyer: FINANCIAL SERVICES COMPENSATION SCHEME LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d.json)

## Summary

The Financial Services Compensation Scheme Limited has completed the public procurement process for a tender titled "Bank Wizard Subscription". This initiative falls under the software package and information systems category, with a total contract value of £37,556.02. The procurement method was a direct award through a single tender action, classified as below threshold. The contract period commenced on 31st December 2021 and will conclude on 30th December 2022. The tender was active until 30th December 2021, situated in the United Kingdom, and was managed through the award stage, with the contract awarded to Experian Limited.

This procurement opportunity is particularly suitable for small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) involved in software solutions. Businesses that specialise in validating electronic payment systems or banking software could find this a valuable opportunity to expand their presence in the financial services sector. Engaging with the Financial Services Compensation Scheme Limited may lead to further contracts in a growing market with increasing demand for reliable payment validation solutions.

## Notice

Performs a modulus check to validate bank account and sort codes for all electronic payments. Faster Payment module used to verify Faster Payments can be processed by the customers bank and validates the account.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/decb8498-9fb0-4fee-a0ab-b01d943dda80 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Goods |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Feb 2022 |
| Submission deadline | 30 Dec 2021 |
| Future notice date | Not specified |
| Award date | 30 Dec 2021 |
| Contract period | 31 Dec 2021 - 30 Dec 2022 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £37,556 |
| Lots value | Not specified |
| Awards value | £37,556 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | FINANCIAL SERVICES COMPENSATION SCHEME LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC3A 7QU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Portsoken |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EXPERIAN |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 1 Feb 2022 at 22:13 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/decb8498-9fb0-4fee-a0ab-b01d943dda80

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/decb8498-9fb0-4fee-a0ab-b01d943dda80
  1st February 2022 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-29f3849b-dd0b-4944-bb8b-79783d53083d.json.