Short Term Payment Market Engagement Event.

Buyer: Department for Work and Pensions


Share this: Share this page using Twitter Share this page using LinkedIn Share this page using Facebook Share this page using Google Share this page using email



Description:
Description:
The purpose of this PIN is to inform the market operators of a Supplier Day which the Department for Work and Pensions (DWP) is hosting on 24.2.2016.The Department for Work and Pensions proposes to commission the capability and capacity to facilitate the conversion of BACS 3 day payments to Faster Payments during a short term payment contingency situation which prevents Department's payment systems from generating BACS payment files in time to meet customers' payment dates.It must be possible to invoke the short term payment contingency for the whole set of DWP Benefit and Pension customers individual or multiple benefit lines or specific BACS payment file(s). If the short term payment contingency is to be invoked for individual payment file(s) DWP will provide the Supplier with details of the specific files for which the short term payment contingency is to be invoked. The maximum individual file size will be 100 000 payments.On invocation, all payments falling within the invocation parameters (e.g. within User ID or individual file) must be paid as Faster Payments irrespective of the processing dates provided within the BACS payment files.Peak Payment Volume/Values example (note payment values/volumes vary on a daily basis across all benefits);ESA:Avg. vol. 853 800;Avg. val. 204 880 639,47 GBP;Retirement Pension:Avg. vol. 11 059 230;Avg. val. 1 521 958 136,67 GBP.The DWP will require the supplier to perform periodic testing of the solution to demonstrate its continued operability.

Country:
Country:
None

Published:
Published date:
Feb 17 2016

Deadline:
Deadline:




OC ID:
Open Contracts ID:

Saved on:
Saved on:

Source ID:
Source ID:
FEB122309


Mail icon: Send an email to Open Opps Twitter logo: Open Opps Twitter page LinkedIn logo: Open Opps LinkedIn page Facebook logo: Open Opps Facebook page


Open Contracting Logo   Open Data Logo