Overseas Payment File Transmission Service to Citibank via Vocalink
Awarded 31 Mar 2024
About
The Department for Work and Pensions awarded a contract to Vocalink International for the Overseas Payment Service (pass-through) (OPS) contract.
The service provided secure connectivity for the transmission of overseas payment files from the DWP estate to Citibank, the overseas bulk FX supplier, via Vocalink's infrastructure.
Vocalink is the sole supplier of the UK's Banker's Automated Clearing System (BACS), which is part of the National Critical Infrastructure.
The OPS facilitated the transfer of payment file information submitted via Vocalink to Citibank for processing, serving as a necessary step to separate the overseas file for collection and ongoing transmission.
The contract value was 91,200 AUD.
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