Contract award · 24 Nov 2025

Confirmation of Payee Services

Financial Services Compensation Scheme Limited awarded “Confirmation of Payee Services” to PayPoint Network Limited for £300k on 24 Nov 2025.

Financial & insurance servicesLondon

Competition with a shortlist

Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.

Key facts

Buyer
Financial Services Compensation Scheme Limited · Body governed by public law
Value
£300,000
Procedure
Call-off from a framework agreement
Sector
Financial & insurance services · Financial transaction processing and clearing-house services (CPV 66172000)
Region
London
Timeline
  1. Contract date24 Nov 2025
  2. Published25 Nov 2025Published 1 day after the contract date

Description

G-Cloud 14 Call Off Agreement - This service is required to confirm bulk bank account details of customers if there was a financial institution failure.

About the supplier

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