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Tender description :
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Tender Are Invited For Fast Payment System (FPS) Solution
Purpose
This Request for Proposal (RFP) is issued by the Central Bank of The Bahamas
(hereinafter referred to as the Bank or the Central Bank), inviting technical and
commercial proposals from qualified Bidders for the design, supply, implementation
and ongoing support of a Fast Payment System (FPS) Solution.
The main objectives of this project are to:
? Implement a Fast Payment System (FPS) solution that enables real-time
payments in the domestic payments space in The Bahamas.
? Ensure that the implemented solution supports real-time or near real-time
payment transmission and on as near to a 24-hour and seven-day (24x7) basis
as possible.
? Guarantee interoperability with existing payments and settlements platforms in
The Bahamas, namely the Automated Clearing House (ACH), Bahamas Interbank
Settlement System/Real Time Gross Settlement System (BISS/RTGS) and the
Bahamian Dollar Central Bank Digital Currency (BDCBDC), the SandDollar.
? Facilitate both direct and indirect participation from commercial banks, credit
unions and other payment services institutions operating in the domestic
payments space.
This RFP outlines the overall scope of the initiative, including the expected outcomes,
required vendor qualifications, submission constraints and the evaluation process.
The Bank seeks a Bidder with a proven track record of delivering the services and
solutions outlined, herein, a demonstrated awareness of the spectrum of solutions
available in the market, and the capacity to manage timelines, deliverables and
implementation risks. Other factors that shall contribute to the selection of a Bidder
include, but are not limited to, total cost, service and support, ease of use of the
proposed solution, and interoperability with existing platforms and third-party
applications
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