The Provision of a Merchant Acquirer (Credit/Debit Card) Services.

Descriptions

Banking services. Banking services. The requirement is for a comprehensive Merchant Acquiring (MA) service for the receipt, transfer and accounting of incoming payment streams, from customers using credit and/or debit cards, on behalf of various contracting authorities. The 3 main types of transactions covered are:— internet,— cardholder present,— cardholder not present.The service to be provided will include:— transaction processing — online, manual and telephone,— integrated system links,— provision of rented processing terminals with Chip and Pin functionality,— provision of an online payment and settlement service accessed via the internet.The required method for receiving card rates will be by the following card charging mechanisms:— interchange plus plus,— interchange plus,— blended.The merchant acquirer will need to provide support in the following areas:— set-up of merchant ID/chain numbers,— supply of PDQ and electronic PDQ card payment terminals,— chargebacks,— changes in card rates,— alternative card charging mechanisms,— information on changes in legislation,— technical support.Please note the value relates to transactional throughput on the contract.