Contract awardedContracts FinderFramework call-offBACS bureau

PTX Faster Payments Cloud Solution

H M REVENUE & CUSTOMS
Selective procedure
1 April 2025 to 31 March 2026

Implementation of a cloud-based payment solution capable of converting BACS files into bulk faster payment files. The system must include automated audit logging for all file conversions and provide functionality to allocate delayed BACS files to the Faster Payment Service.

Open the official notice

Awarded value: £333k; As published
Published: 11 April 2025; Contracts Finder
Awarded: 3 April 2025; Bottomline Technologies
Contract length: 12 months; Ends 31 March 2026

What the buyer is asking for

Provision of cloud-based payment processing software to facilitate the conversion of BACS files into bulk faster payment transactions.

Category: Banking and investment services

Lifecycle

Publishedon Contracts Finder
11 April 2025
Contract awardedto Bottomline Technologies
3 April 2025
Contract starts
1 April 2025
Contract ends
31 March 2026

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See the BACS bureau market: prices, buyers and who wins →

The buyer

Type: Other public body
BACS bureau contracts, 24 months: 4
Open BACS bureau tenders: 0
Typical BACS bureau contract: £194k

See everything H M REVENUE & CUSTOMS buys →

How it compares

5.7× the typical BACS bureau contract (£58k).

Cite this contract

Link: https://bidskim.com/tender/239352/ptx-faster-payments-cloud-solution
Buyer reference: SR2488255114
Open contracting ID: ocds-b5fd17-c03c2820-f3d0-4753-86ad-2353a7e8ffb3
Source: Contracts Finder
Last checked: 12 October 2026

H M REVENUE & CUSTOMS. PTX Faster Payments Cloud Solution. Contract award, 11 April 2025. BidSkim, https://bidskim.com/tender/239352/ptx-faster-payments-cloud-solution (accessed 12 October 2026).