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DVLA - DRIVER & VEHICLE LICENSING AGENCY has floated a tender for Provision of an Open Banking Service. The project location is United Kingdom and the tender is closing on 20 Dec 2024. The tender notice number is tender_476731/1433702, while the TOT Ref Number is 111483792. Bidders can have further information about the Tender and can request the complete Tender document by Registering on the site.
Procurement Summary
Country : United Kingdom
Summary : Provision of an Open Banking Service
Deadline : 20 Dec 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 111483792
Document Ref. No. : tender_476731/1433702
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
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Login to see detailsTender Details
The purpose of this Prior Information Notice (PIN) is to assist the Driver and Vehicle Licensing Agency (DVLA) in early engagement with the market.
This market engagement is intended to serve as a fact-finding exercise only. Routes to market are still being considered and there is a strong likelihood that the Crown Commercial Service "Open Banking (Data, Digital Payments & Confirmation of Payee Services)" Dynamic Purchasing System (DPS) will be used, however this is subject to change.
More information on the above DPS can be found at the following address:
https://www.crowncommercial.gov.uk/agreements/RM6301
Background
DVLA maintains the records of 50 million drivers and 40 million vehicles in the UK. We collect £7 billion a year in vehicle tax and process over 77 million transactions a year.
Our online services offer card payments for customers and our online Electronic Vehicle Licensing (EVL) service to pay for Vehicle Excise Duty (VED) also provides Direct Debit as a payment method.
Currently refunds are primarily issued via payable orders with the bulk of these attributed to VED refunds. In the 2023-24 financial year DVLA issued 4.89 million Payable Orders with a value of £442 million pounds.
What is happening now
DVLA are in a "Discovery" period exploring the possibility of introducing Open Banking for DVLA services, payments in (e.g. for VED) and payments out to entitled customers (refunds). During early 2025 we...
Location Of Contract : Any region
Industry : Financial transaction processing and clearing-house services - 66172000
Published Date : 9 December 2024
Closing Date : 20 December 2024
Documents
Procurement Documents for United Kingdom
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