Payment Initiation Services

Opportunity overview

NS&I has a requirement for the provision of Payment Initiation Services in order to make it easy for our customers to pay NS&I by bank transfer using a secure, simple and efficient process. NS&I Customer research has shown that three key factors influence how customers choose to pay: Security, Ease and Confidence. Payment initiation offers a well-defined journey, with the necessary account details securely transferred using Open Banking technology. This reduces the risk of the customer making an error, and makes it easier for the customer to complete the task than a manually set up bank transfer. For NS&I, Payment Initiation is more cost-effective than debit card. Through the use of Payment Initiation, NS&I aims to reduce our future payment costs. We expect the Supplier to provide Application Programming Interfaces (APIs) to allow NS&I to enable our customers to seamlessly transition from our new mobile app or future website, to the customer's own bank and back to our online service for confirmation. The API should pre-populate the sort code, account number, account name, payment amount and payment reference. At a later date, NS&I may also require the following additional services: - Account Information, including the following services: Fraud Services, Identity Services, Income Verification Services, Affordability Services, Risk Identification Services and Transaction/ Fund Tracing and Monitoring Services. - Confirmation of Payee **Contract awarded via Further Competition under the Government Commercial Agency Open Banking (Data, Digital Payments & Confirmation of Payee Services) DPS RM6301.** Additional information: Contract includes one optional 12 month extension period.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Classification

• CPV66000000 — Financial and insurance services
• CPV66100000 — Banking and investment services
• CPV66110000 — Banking services
• CPV66111000 — Central bank services
• CPV66112000 — Deposit services
• CPV66113000 — Credit granting services
• CPV66113100 — Micro-credit granting services
• CPV66114000 — Financial leasing services
• CPV66115000 — International payment transfer services
• CPV66120000 — Investment banking services and related services
• CPV66121000 — Mergers and acquisition services
• CPV66122000 — Corporate finance and venture capital services
• CPV66130000 — Brokerage and related securities and commodities services
• CPV66131000 — Security brokerage services
• CPV66131100 — Pension investment services
• CPV66132000 — Commodity brokerage services
• CPV66133000 — Processing and clearing services
• CPV66140000 — Portfolio management services
• CPV66141000 — Pension fund management services
• CPV66150000 — Financial markets administration services
• CPV66151000 — Financial market operational services
• CPV66151100 — Electronic marketplace retailing services
• CPV66152000 — Financial market regulatory services
• CPV66160000 — Trust and custody services
• CPV66161000 — Trust services
• CPV66162000 — Custody services
• CPV66170000 — Financial consultancy, financial transaction processing and clearing-house services
• CPV66171000 — Financial consultancy services
• CPV66172000 — Financial transaction processing and clearing-house services
• CPV66180000 — Foreign exchange services
• CPV66190000 — Loan brokerage services
• CPV66500000 — Insurance and pension services
• CPV66510000 — Insurance services
• CPV66511000 — Life insurance services
• CPV66512000 — Accident and health insurance services
• CPV66512100 — Accident insurance services
• CPV66512200 — Health insurance services
• CPV66512210 — Voluntary health insurance services
• CPV66512220 — Medical insurance services
• CPV66513000 — Legal insurance and all-risk insurance services
• CPV66513100 — Legal expenses insurance services
• CPV66513200 — Contractor's all-risk insurance services
• CPV66514000 — Freight insurance and Insurance services relating to transport
• CPV66514100 — Insurance related to Transport
• CPV66514110 — Motor vehicle insurance services
• CPV66514120 — Marine, aviation and other transport insurance services
• CPV66514130 — Railway insurance services
• CPV66514140 — Aircraft insurance services
• CPV66514150 — Vessel insurance services
• CPV66514200 — Freight insurance services
• CPV66515000 — Damage or loss insurance services
• CPV66515100 — Fire insurance services
• CPV66515200 — Property insurance services
• CPV66515300 — Weather and financial loss insurance services
• CPV66515400 — Weather-related insurance services
• CPV66515410 — Financial loss insurance services
• CPV66515411 — Pecuniary loss insurance services
• CPV66516000 — Liability insurance services
• CPV66516100 — Motor vehicle liability insurance services
• CPV66516200 — Aircraft liability insurance services
• CPV66516300 — Vessel liability insurance services
• CPV66516400 — General liability insurance services
• CPV66516500 — Professional liability insurance services
• CPV66517000 — Credit and surety insurance services
• CPV66517100 — Credit insurance services
• CPV66517200 — Surety insurance services
• CPV66517300 — Risk management insurance services
• CPV66518000 — Insurance brokerage and agency services
• CPV66518100 — Insurance brokerage services
• CPV66518200 — Insurance agency services
• CPV66518300 — Insurance claims adjustment services
• CPV66519000 — Engineering, auxiliary, average, loss, actuarial and salvage insurance services
• CPV66519100 — Oil or gas platforms insurance services
• CPV66519200 — Engineering insurance services
• CPV66519300 — Auxiliary insurance services
• CPV66519310 — Insurance consultancy services
• CPV66519400 — Average adjustment services
• CPV66519500 — Loss adjustment services
• CPV66519600 — Actuarial services
• CPV66519700 — Salvage administration services
• CPV66520000 — Pension services
• CPV66521000 — Individual pension services
• CPV66522000 — Group pension services
• CPV66523000 — Pension fund consultancy services
• CPV66523100 — Pension fund administration services
• CPV66600000 — Treasury services
• CPV66700000 — Reinsurance services
• CPV66710000 — Life reinsurance services
• CPV66720000 — Accident and health reinsurance services

Documents and notices

• Awarded contract notice on Contracts FinderOpen source ↗
• ⭐ Click above to Apply (link to e-procurement portal)Open source ↗