--- title: "Payment Accounts Comparison (PACS) tool - Datafeed provision" ocid: "ocds-b5fd17-fdf7e64f-4271-456b-a2d1-4f72f909abc6" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-fdf7e64f-4271-456b-a2d1-4f72f909abc6" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-fdf7e64f-4271-456b-a2d1-4f72f909abc6.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-fdf7e64f-4271-456b-a2d1-4f72f909abc6.json" source: "Contracts Finder" current_stage: "Planning" buyer: "MONEY AND PENSIONS SERVICE" published: "2022-10-13" --- # Payment Accounts Comparison (PACS) tool - Datafeed provision Buyer: MONEY AND PENSIONS SERVICE Current stage: Planning OCID: ocds-b5fd17-fdf7e64f-4271-456b-a2d1-4f72f909abc6 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-fdf7e64f-4271-456b-a2d1-4f72f909abc6) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-fdf7e64f-4271-456b-a2d1-4f72f909abc6.json) ## Summary The Money and Pensions Service (MaPS) is planning a procurement process for the provision of a data feed for the Payment Accounts Comparison (PACS) tool under the Financial Conduct Authority's Payment Accounts Directive. The purpose is to improve access to payment accounts, increase competition, and make fees and charges more transparent and comparable. The engagement end date for potential bidders is 28th October 2022. The procurement stage is currently at the planning phase. This tender offers opportunities for businesses to provide data on payment account products for the PACS tool. Suitable businesses would need to supply data on fees and charges, maintain the data up-to-date for daily queries, and provide additional account information for user clarity. Businesses in the data services industry, especially those experienced in financial data provision, could be well-suited to compete in this tender. The MaPS is looking for a provider that can meet statutory data requirements and future industry changes to enhance the PACS tool's capabilities. ## 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 April 2023. 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 (commercial@maps.org.uk) by 28th October 2022. 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. Further details are included in the Additional Text and Links sections of this notice. Additional information: Final Linked Services list (further details on links): 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 The data MaPS currently uses Beyond the fees identified in the linked services list above, we also display other fees: - Example scenarios for arranged overdrafts (PS500 for 7 days, 30 days, and 60 days) - Maximum Monthly Charge for unarranged overdrafts - Debit card issue and replacement fees - Cash withdrawal limits (if applicable) - BACS, Faster Payments, and CHAPS charges It is also worth noting that alongside the fee, we also require explanatory text for any specific conditions or context about the fee. For example, the cost to maintain an account might be PS0 but only if a customer deposits at least PS1000 per month and has two active direct debits, otherwise the fee is PS2. This explanatory text is very important as it helps users really understand the fee and how much they could be charged. We also use account attributes to allow users to filter their results: - Account type (e.g., current account, premier account, e-money account, etc.) - Account features, including overdraft availability, 7-day switching, and if account is open to new customers - Account access options (branch, telephone, online, mobile app, Post Office) Future plans: Looking ahead, we want to expand the tool and show changes in the industry such as: - Cash deposit fees - Additional account features (savings pots, savings sweeps, round up savings, text message alerts, Paym transfers, mobile app security, contactless limits, payment limits) - Geographic restrictions (e.g. accounts only available in Northern Ireland or Cumbria) We would require a provider that can work with us to ensure we are able to meet these changes in industry ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/009c92a2-21a5-4778-8f55-378131824eee | | 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 | 13 Oct 2022 | | Submission deadline | Not specified | | Future notice date | 28 Oct 2022 | | 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 | Central London | | Postcode | EC1N 2TD | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI36 Camden | | Local authority | Camden | | Electoral ward | Holborn & Covent Garden | | Westminster constituency | Holborn and St Pancras | | Delivery location | Not specified | ## CPV Codes ### Divisions - 72 - IT services: consulting, software development, Internet and support ### Codes - 72300000 - Data services ## Release History - 13 Oct 2022 at 10:56 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/009c92a2-21a5-4778-8f55-378131824eee ## Documents - https://www.contractsfinder.service.gov.uk/Notice/009c92a2-21a5-4778-8f55-378131824eee 13th October 2022 - Early engagement notice on Contracts Finder - https://www.fca.org.uk/publication/feedback/payment-accounts-regulations-final-linked-services-list.pdf Payment Accounts Final Linked Services List - https://www.fca.org.uk/firms/payment-accounts-regulations/linked-services-list Payment Accounts Final Linked Services List update info ## Notice URLs - http://www.maps.org.uk ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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