Banking services

Tender description

The University is tendering for the provision of Card Acquiring Services for processing, authorisation and settlement of the University's debit and credit card transactions via all payment channels including: customer present (Chip and PIN/contactless payments), customer not present (Mail Order/Telephone Order) and online (e-commerce). The University is seeking to award a contract that will offer a cost-effective and efficient merchant service which will also be capable of meeting future market and technological developments. The current annual turnover for card payments received by the University is approximately 20 400 000 GBP across 147 000 transactions. The contract will run for a period of 3 years commencing around June 2017. There will be an option to extend the Contract by a period of up to 3 further 1 year extension periods.