---
title: "Payment Initiation and Account Information Services"
ocid: "ocds-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "H M REVENUE & CUSTOMS"
published: "2021-02-05"
---

# Payment Initiation and Account Information Services

Buyer: H M REVENUE & CUSTOMS  
Current stage: Award  
OCID: ocds-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51.json)

## Summary

The public procurement process involved the awarding of a contract titled "Payment Initiation and Account Information Services" by HM Revenue & Customs (HMRC) for the provision of financial consultancy and transaction processing services. The contract, which is valued at a maximum of £3 million, is set to commence on 1st March 2021 and will run for a period of three years, with an option for a one-year extension. The procurement method used was a selective procedure, and the tender phase concluded on 7th September 2020. The services will be delivered in the United Kingdom, with a minimum project value set at £525,000.

This contract presents significant opportunities for small and medium-sized enterprises (SMEs) in the financial services sector to expand their business. Companies specialising in financial consultancy, transaction processing, or clearing-house services would find this tender particularly relevant. The involvement of HMRC as the contracting authority suggests that successful suppliers may also gain further visibility and collaboration opportunities within the public sector, contributing to long-term business growth.

## Notice

Award notice for Payment Initiation and Account Information Services (Procurement reference number: SR388188658 / BIP514056627) for HMRC for a 2+1 year period. The highest value of PS3m provided in the award notice is the maximum total contract value and may vary based on the uptake from our customers and the other organisations that may potentially use this contract.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a926f853-b7bc-4529-9cce-c3125bd3bc31 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Feb 2021 |
| Submission deadline | 7 Sep 2020 |
| Future notice date | Not specified |
| Award date | 30 Dec 2020 |
| Contract period | 1 Mar 2021 - 29 Feb 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,000,000 |
| Lots value | Not specified |
| Awards value | £525,000 |
| 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 | H M REVENUE & CUSTOMS |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1A 2BQ |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ECOSPEND TECHNOLOGIES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66170000 - Financial consultancy, financial transaction processing and clearing-house services

## Release History

- 5 Feb 2021 at 14:54 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/a926f853-b7bc-4529-9cce-c3125bd3bc31

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/a926f853-b7bc-4529-9cce-c3125bd3bc31
  5th February 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/83d03e76-3364-4120-a990-2aabdf3cb10e
  Redacted contract

## Notice URLs

- http://www.hmrc.gov.uk

## 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-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-61de76b3-f180-4af7-8351-ad41cfd54a51.json.