Merchant Acquiring Services for Transport for London
TRANSPORT FOR LONDON FINANCE LIMITED · Awarded contract
AwardedMerchant Acquiring Services for Transport for London
Awarded 01 Jan 2017
Awarded01 Jan 2017
Value£360,000,000.00
RegionLondon
CategoryFinance & Insurance
Expires in 2mo10y term, 98% elapsed
Awarded 1 Jan 2017Expires 1 Jan 2027
About
Transport for London Finance Limited awarded a contract to Barclays Bank PLC trading as Barclaycard Payment Acceptance for merchant acquiring services, acting as an intermediary to facilitate card payments across face-to-face, telephone, internet, and contactless transactions, including retail and transit models.
The contract, valued at AUD 360,000,000, has an expected term of 7 years with potential extensions of 3 years and an additional period of up to 12 months for hand-back.
TfL currently processes over 160 million transactions annually with a total value exceeding GBP 2.25 billion.
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Other similar contracts12
Contract and supplierAwarded value
Award of Merchant Acquiring Services Contract to Barclays Bank PLC by Transport for LondonFinance & InsuranceBarclays Bank PLC trading as Barclaycard Payment Acceptance,
$380,000,000
Provision of American Express Merchant Acquiring Services to Transport for LondonFinance & InsuranceAmerican Express Services Limited
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Provision of Merchant Acquirer Services for Card Transactions by DVLAFinance & InsuranceBarclaycard Payment Acceptance
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Provision of Card Merchant Services to Torbay CouncilFinance & InsuranceLloyds Banking Group PLC
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Provision of Merchant Acquirer Services for DVLA Card ProcessingFinance & InsuranceBarclays Bank PLC
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Provision of Merchant Acquirer Services for Card Transactions by DVLAFinance & InsuranceBarclaycard Payment Solutions
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Provision of Merchant Acquiring Services to the Ministry of JusticeFinance & InsuranceBarclays Bank PLC trading as Barclaycard
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Provision of Contactless Payment Card Customer Contact Services for Transport for LondonTransport & LogisticsChares Novacroft Direct Limited,
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Provision of Merchant Acquirer Services to Nottingham City CouncilFinance & InsuranceBarclays Bank PLC
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Merchant Banking Services for Card Payment Processing to London Borough of HackneyFinance & InsuranceLLOYDS BANK CARDNET
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Merchant Acquiring Services for Transport for London
Won by Barclays Bank PLC trading as Barclaycard Payment Acceptance · TRANSPORT FOR LONDON FINANCE LIMITED
£360.0Mawarded
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South Ayrshire Council — Provision of Banking and Merchant Services (Lot 1: Banking, Lot 2: Merchant)Finance & Insurance · Closes 26 Nov 2026
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