--- title: "Payment Accounts Comparison (PACS) tool - Data feed provision" ocid: "ocds-b5fd17-b373b74f-b3da-48d8-a490-7a94a164eb36" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b373b74f-b3da-48d8-a490-7a94a164eb36" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b373b74f-b3da-48d8-a490-7a94a164eb36.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-b373b74f-b3da-48d8-a490-7a94a164eb36.json" source: "Contracts Finder" current_stage: "Planning" buyer: "MONEY AND PENSIONS SERVICE" published: "2020-09-07" --- # Payment Accounts Comparison (PACS) tool - Data feed provision Buyer: MONEY AND PENSIONS SERVICE Current stage: Planning OCID: ocds-b5fd17-b373b74f-b3da-48d8-a490-7a94a164eb36 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-b373b74f-b3da-48d8-a490-7a94a164eb36) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-b373b74f-b3da-48d8-a490-7a94a164eb36.json) ## Summary The procurement process concerns the Money and Pensions Service (MaPS), which is seeking a data feed supplier for its Payment Accounts Comparison (PACS) tool. This initiative falls under the financial services industry, specifically aimed at enhancing the transparency of payment accounts. Currently in the planning stage, the engagement end date for potential suppliers to express their interest is set for 25th September 2020. The service is needed to maintain an operationally independent tool that compares various payment account fees and charges, with an emphasis on data accuracy and timely updates. This tender presents an excellent opportunity for businesses specialising in data services, particularly those with expertise in financial data provision and management. Companies that can meet the requirements for accurate and up-to-date information on payment account products will be well-suited to bid. Additionally, businesses that can ensure daily data queries and maintain a user-friendly interface for the comparison tool are likely to find this contract advantageous for growth in the financial technology sector. ## Notice Under the Financial Conduct Authority's Payment Accounts Directive (PAD), the Money and Pensions Service (MaPS) has a statutory duty to provide a web-based Payment Accounts Comparison (PACS) tool. The aim of PAD is to improve access to payment accounts, increasing competition and making fees and charges more transparent and comparable. As such, MaPS had to create an operationally independent tool to compare a specific and limited list of fees and charges known as the Linked Services List. The PACS tool has been operated by MaPS since 2018. Though the tool is developed and maintained by MaPS directly, an external provider is required to supply a data feed of the Payment Service Providers' (PSP) Payment account products, and to compare a specific and limited list of fees and charges known as the Linked Services list. The current contract for this service expires in 2021. Therefore MaPS is issuing this Early Engagement notice to ascertain interest from the market prior to any potential tender process for this data provision service. MaPS would request that any providers who would be interested in bidding for this opportunity to please indicate this by replying to the contact email address by 25th September. Further details are included in the Additional Text and Links sections of this notice. Additional information: Overview of Requirements: - MaPS need provision of data on products that account for a significant share of the market for payment accounts in order to power a comparison tool; - Each payment account product should have data on the fees and charges associated with each of the linked services; - This data must be provided in a format that the MaPS development team can utilize in the tool, and must be maintained and kept up to date - and must be queryable no less than on a daily basis; - Where possible, further data about the accounts' features and requirements should be made available, to facilitate a good user journey. Statutory Data Requirements: - Accurate and up-to-date data on fees, charges and availability of each of the Linked Services; - Significant part of market provision of this data for Payment Accounts available in the UK; - Basic product information including product name, supplier name & product type. Final Linked Services list (further details on link below): 1. Maintaining the account 2. Arranged overdraft 3. Unarranged overdraft 4. Refusing a payment due to lack of funds 5. Allowing a payment despite lack of funds 6. Direct debt 7. Standing order 8. Sending money within the UK 9. Sending money outside the UK 10. Receiving money from outside the UK 11. Cash withdrawal in pounds in the UK 12. Cash withdrawal in foreign currency outside the UK 13. Debit card payment in pounds 14. Debit card payment in a foreign currency 15. Cancelling a cheque ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/5c2995fc-a4fc-4370-9745-567033548aef | | Notice type | Market Engagement Notice | | Procurement type | Standard | | Procurement category | Not specified | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 7 Sep 2020 | | Submission deadline | Not specified | | Future notice date | 25 Sep 2020 | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | MONEY AND PENSIONS SERVICE | | Locality | LONDON | | Post town | Not specified | | Postcode | EC2N 2TD | | Country | Not specified | | ITL 1 | Not specified | | ITL 2 | Not specified | | ITL 3 | Not specified | | Local authority | Not specified | | Electoral ward | Not specified | | Westminster constituency | Not specified | | Delivery location | TLI London | ## CPV Codes ### Divisions - 72 - IT services: consulting, software development, Internet and support ### Codes - 72300000 - Data services - 72319000 - Data supply services ## Release History - 7 Sep 2020 at 15:27 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/5c2995fc-a4fc-4370-9745-567033548aef ## Documents - https://www.contractsfinder.service.gov.uk/Notice/5c2995fc-a4fc-4370-9745-567033548aef 7th September 2020 - Early engagement notice on Contracts Finder - https://www.fca.org.uk/firms/payment-accounts-directive Payment Accounts Directive (PAD) - https://www.fca.org.uk/publication/feedback/payment-accounts-regulations-final-linked-services-list.pdf Final Linked Services list (Section 3 (page 9) of document) - https://www.moneyadviceservice.org.uk/en/tools/compare-bank-account-fees-and-charges Payment Accounts Comparison (PACS) tool ## 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-b373b74f-b3da-48d8-a490-7a94a164eb36. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b373b74f-b3da-48d8-a490-7a94a164eb36.json.