8018 - Foreign Currency Transaction Payments

You are invited to submit proposals for the provision of Foreign Currency Payment (FXP) services and associated facilities. Irish Rail require a foreign currency payment platform for the processing of its foreign currency payments to vendors/suppliers. The payment platform must be able to receive and process bulk file transaction data in multiple currencies on a weekly basis. You will be required to process the payments in the denominated currencies to our supplier’s bank accounts in a single file process. The FXP payment platform must detail the Euro cost of each payment, together with transaction processing costs and provide systemised reports to support. Irish Rail will transfer the total Euro cost of each weekly FXP bulk file payment, including transaction processing costs/margin to the provider’s bank account in advance of the payments being made to our suppliers. Irish Rail does not intend to open new currency bank accounts to support this process and will pay for the service in Euros and using our current banking partner and accounts. Irish Rail also require security and separation of duty validations within the chosen foreign currency payment platform. It is envisaged that individual users will have responsibility for the preparation and upload of transactions for payment with separate user authorisation before payments are processed. Irish Rail will also require transaction and user value limit controls.

Services

30/06/2022 15:00:00

66180000-5  Foreign exchange services
66110000-4  Banking services