Merchant Acquiring Services
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The London Borough of Brent has entered into a direct award contract with Barclays Bank UK PLC for Merchant Acquiring Services under solicitation CORP-2024-027. Valued at 900,000 pounds excluding VAT, the agreement runs from October 1, 2026, to March 31, 2028. This contract is critical for the council's financial operations, as it facilitates the collection of over 100 million pounds annually via debit and credit card payments. The service is a fundamental component of the council's support systems and aligns with the Customer Access Strategy to provide a user-friendly and accessible online payment journey. The decision to utilize a direct award was based on technical requirements and the necessity to prevent any disruption to income collection systems while the council prepares for a future procurement exercise.
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