Source: https://tendernation.io/opportunities/01a13c89-7e1c-70bc-ba06-82841a35a161/payment-processing-agent

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awardedGBopen procedureSuitable for SMEs

# Payment Processing Agent

[University of Derby](https://tendernation.io/buyers/university-of-derby)

Estimated value

£174,000

Published

25 Mar 2022

Deadline

Closed

1 Mar 2022

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

[More contracts for small businesses and VCSEs](/opportunities/for-small-businesses)## About this tender

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.

Additional information: There is no other provider that provides the same functionality and integration for Recurring Card Payments (RCP) in the sector. Potentially comparable solutions lack the same level of integration, automation, flexibility, self-service and DCC capabilities. To contact with a new provider will take two years to implement and will be at significant cost. It has been agreed that a tender process taking this into consideration will commence next year.

## CPV classification

Financial transaction processing and clearing-house services

Source

Contracts Finder (UK)

[View official notice ](https://www.contractsfinder.service.gov.uk/notice/19449c70-04d2-4708-aaab-37a6ff821a57)

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[Buyer profileUniversity of Derby: past awards and live tenders](https://tendernation.io/buyers/university-of-derby)[SectorMore Financial &amp; insurance services tenders](https://tendernation.io/sectors/financial-insurance-services)

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