Local Authority Card Acquiring Contracts

For most local authorities, the value of the merchant acquiring contract is now higher than the mainstream banking contract. Despite this, the merchant acquiring contract is often overlooked by procurement teams - particularly if it has not been formally tendered in the past.

A formal tender process usually attracts up to five competitive bids and tariffs are reducing as service providers compete for market share. The process will usually generate savings and these savings can be significant if the contract has not been reviewed or tendered in recent years.