Payment Solutions 2
Enables the public sector to buy goods and services against a procurement card. Prepaid solutions enable payment to those who do not have other means of accessing funds.
This agreement represents a sixth iteration Procurement Card solution to buy all common goods and services and a second iteration of prepaid solutions for disbursement of funds.
It will provide access to the supply and maintenance of payment solutions which will allow users to buy goods and services, including travel. It will also offer prepaid solutions for those who do not have other means of accessing funds.
The agreement will be for an initial term of 3 years with the option for a 1 year extension and is designed to replace RM3828 Payment Solutions which expires in December 2022.
- an annual rebate payable by your chosen supplier and based on your spend
- switching to this programme can typically save between £28 and £45 per card in annual card fees when compared against industry related fees
- saving of at least £5 for each transaction when compared to traditional buying methods (such as bank transfer payments)
- some customers have reduced the number of invoices they have to deal with by as much as 45% by moving to a procurement card solution
- suppliers are guaranteed to be paid within 4 working days: helping you meet government’s prompt payment targets, improving cash flow and enabling Social Value
- analysis of management information to help you understand spending behaviours and support future contract negotiations with frequently used suppliers
- control spending by setting monthly or single transaction limits using MCG (Merchant Category Group’s) and MCC (Merchant Category Codes)
- ‘Lodge’ a card with your top spending suppliers so employees can buy efficiently without the need for a physical card
- ‘Lodge and Virtual’ card solutions reducing physical card use and contributing to Social Value goals
- suppliers are accredited to Payment Card Industry Data Security Standard (PCI DSS)
Lot 1: Procurement Card
There are 3 types of cards
- virtual card: facilitates a payment without disclosing the actual card details
- lodged card: where the card details is ‘digitally placed’ in a payments system
- plastic card: a traditional card
Lot 2: Prepaid Card
- prefunded cards
Lot 3: Fund Disbursement
- prefunded solutions including SMS and vouchers
Lot 4: Vouchers
- managed closed loop voucher schemes
We continue to work with customers to understand their current and future needs. A draft specification will be made available for the new agreement.
We completed our rounds of supplier engagement on 12 October, 19 October and 15 November 2021. We expect further market feedback by 30 November 2021.
After that our Payment Solutions Team will focus on internal activities to support RM6248.
|Prior Information Notice (PIN)||Read PIN|
|Contract Notice in OJEU||Not available yet|
|Tender documents||Not available yet|
|Pre-market engagement||Summer / Autumn 2021|
|Drafting of procurement documents||Spring 2022|
|Publication of OJEU notice||TBC|
|Framework award||September 2022|