Expired contract

Overseas Passthrough 2023

Details

Value
GBP 91,200
Duration
2 years
Topic
Financial and insurance services
Published
30 April 2024

Tender description

Overseas Payment Service (pass-through) (OPS) contract provides the connectivity to enable the secure transmission of the overseas payment file from the DWP estate to Citibank (the Overseas Bulk fx supplier) via Vocalink. Vocalink is the sole supplier of the UK's Banker's Automated Clearing System (BACS) which forms part of the National Critical Infrastructure (NCI). The OPS (pass-through) exists only to facilitate the transfer of payment file information submitted via Vocalink to Citibank for processing. The OPS itself does not provide any other service, it is a necessary step within the process to separate the overseas file ready for collection and ongoing transmission, following the approved route of submission into Vocalink infrastructure.

Timeline

  1. Completed: Award date1 April 2024
  2. Completed: Award published30 April 2024
    Current notice
  3. Completed: Contract expiry date31 March 2026

About the buyer

Department For Work and Pensions (DWP) is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 66000000 · Financial and insurance services

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Decision makers

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