Open Banking Dynamic Purchasing System (Data, Digital Payments and Confirmation of Payee Services)

Descriptions

Due to the ongoing growth and development of the Open Banking market, Crown Commercial Service (CCS), as the Authority, intends to put in place an agreement for Open Banking Services for use by Central Government and the Wider Public Sector.The Agreement will be a Dynamic Purchasing System (DPS). This will be called RM6301: Open Banking DPS (Data, Digital Payments and Confirmation of Payee Services).This agreement will provide a vehicle for Central Government and the Public Sector to source Open Banking Services, including but not limited to:"Digital Payment Services"Account Information Services"Confirmation of Payee (CoP) ServicesThis will be the first agreement for Open Banking Services CCS has developed. We intend to launch for supplier onboarding from late July with the DPS anticipated to go live for use in the Autumn.The agreement is expected to run for 8 years and suppliers will have the opportunity to onboard throughout this duration.