---
title: "PTX Faster Payments Cloud Solution"
ocid: "ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "H M REVENUE & CUSTOMS"
published: "2025-04-11"
---

# PTX Faster Payments Cloud Solution

Buyer: H M REVENUE & CUSTOMS  
Current stage: Award  
OCID: ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3)  
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## Summary

The procurement process for the "PTX Faster Payments Cloud Solution," initiated by H M Revenue & Customs, focuses on the banking and investment services industry. The system will convert BACS files to Bulk Faster Payment files while logging audit events during the conversion and allocating delayed BACS files to the Faster Payment Service. This tender falls under the services category and follows a selective procurement method, "Call-off from a framework agreement." Key dates include the contract period from 1 April 2025 to 31 March 2026, with the tender period ending on 31 March 2025. The procurement stage is currently at the Award phase, and the contract has been awarded to Bottomline Transactional Services Limited, with an estimated value of £332,985.60 GBP. The location for delivery is the United Kingdom.

This tender represents a significant opportunity for businesses within the banking and investment technology sector, particularly those specialising in payment processing solutions. While it may not be suitable for SMEs or VCSEs, larger enterprises with a robust technological infrastructure for cloud payment systems would be well-positioned to compete. By participating in such government-led initiatives, organisations can expand their market presence, enhance their portfolio of services, and establish valued relationships with prestigious entities like H M Revenue & Customs. The successful execution of this contract could lead to further opportunities within the public procurement landscape, fostering business growth and innovation.

## Notice

The system has functionality to convert BACS file to Bulk Faster Payment file . in addition the functionality to log audit event whenever BACS file is converted to Bulk Faster Payment file and it must be able to allocate the delayed BACS file to Faster Payment Service

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7c4a4eb1-8313-4980-9c3e-f8250a108d06 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 11 Apr 2025 |
| Submission deadline | 31 Mar 2025 |
| Future notice date | Not specified |
| Award date | 2 Apr 2025 |
| Contract period | 31 Mar 2025 - 31 Mar 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £332,985 |
| Lots value | Not specified |
| Awards value | £332,985 |
| 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 | Southend-on-Sea |
| Postcode | SS99 1AA |
| Country | England |
| ITL 1 | TLH East (England) |
| ITL 2 | TLH3 Essex |
| ITL 3 | TLH31 Southend-on-Sea |
| Local authority | Southend-on-Sea |
| Electoral ward | Victoria |
| Westminster constituency | Southend East and Rochford |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BOTTOMLINE TRANSACTIONAL SERVICES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66100000 - Banking and investment services

## Release History

- 11 Apr 2025 at 08:48 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/7c4a4eb1-8313-4980-9c3e-f8250a108d06

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/7c4a4eb1-8313-4980-9c3e-f8250a108d06
  11th April 2025 - 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-c03c2820-f3d0-4753-86ad-2353a7e8ffb3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3.json.