Case study
Selecting a debit card processor via RFP
Objective
To support a small UK bank in the selection of a third-party processor for their debit product.
Approach
PSE co-ordinated the entire RFP process, working closely with the client. This began with compiling the request for proposal document, liaising with the various disciplines (product, IT, finance etc.) within the bank. A list of potential processors was identified and invited to respond. PSE evaluated the responses, both quantitative and qualitative, and modelled the total potential cost of each supplier over five years. A shortlist was agreed and PSE chaired the shortlisted suppliers’ presentations, together with co-ordinating a rigorous Q&A process.
Result
The bank contracted with the processor which offered the best technical fit and value. PSE continued to support the client during the implementation phase.