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Awarded

Overseas Passthrough 2023

Published

Supplier(s)

Vocalink International

Value

91,200 GBP

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

Award date

2 months ago

Publish date

17 days ago

Buyer information

Department For Work and Pensions (DWP)

Contact:
Michael Gaynor
Email:
michael.gaynor1@dwp.gov.uk

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Notice topic

Financial and insurance services

Related topics

Reinsurance servicesTreasury servicesInsurance and pension servicesBanking and investment services

Source

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