RFP QuestBeta
Awarded · ResultStage · contract

UNIVERSITY OF DERBY

Payment Processing Agent

Financial ServicesCPV 66172000
Value£174k
Awarded1 Mar 2022
Published25 Mar 2022
RegionEast Midlands
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£174ktotal contract value
median £150k
this tender£0£4.7m

This sits in the upper-middle of the Financial & Insurance Services band — a substantial contract for the sector. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

This is an Award Notice for the provision of merchant payment gateway services to process financial card transactions.

It is mandatory to provide a high level of integration, automation, flexibility, self -service and DCC capabilities for Recurring card payment.

There must not be any limitations around frequency or fixing timing of payments.

An automatic retry of failed payments is required.

There shall be no reliance on third party solutions to collect and facilitate payments and no reliance on manual interventions to "manage" payment, changes in payment details and amounts and failures.

Key requirements

What the supplier must deliver

01

It is mandatory to provide a high

It is mandatory to provide a high level of integration, automation, flexibility, self -service and DCC capabilities for Recurring card payment.

02

There must not be any limitations around

There must not be any limitations around frequency or fixing timing of payments.

03

There shall be no reliance on third

There shall be no reliance on third party solutions to collect and facilitate payments and no reliance on manual interventions to "manage" payment, changes in payment details and amounts and failures.

Derived from the notice text — always confirm against the original documents.

Buyer intelligence

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Source & provenance
OCID
60e47eaf-f29a-4cce-a419-9cc19966c3a4
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
PROC IJ ITT/098
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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