Financial Service Provider (Open-loop Card (or other Biometric) Solution - ATM/POS Cards and Transfer to a Named Beneficiary Via Local Money Agent / Bank / Post Office)

• Country: Lebanon
• Summary: Financial Service Provider (Open-loop Card (or other Biometric) Solution - ATM/POS Cards and Transfer to a Named Beneficiary Via Local Money Agent / Bank / Post Office)
• LBT Ref No: 49924922
• Deadline: 05 Mar 2021
• Financier: Self Financed
• Purchaser Ownership: Government
• Tender Value: Refer Document
• Notice Type: Tender
• Document Ref. No.: 2021-013
• Purchaser's Detail:
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• Description:
• Tenders are invited for Financial Service Provider “Framework Agreement for Three Years” (Open-loop Card (or other Biometric) Solution - ATM/POS Cards and Transfer to a Named Beneficiary Via Local Money Agent / Bank / Post Office) Bidders must fill the attached ITB (Invitation to Bid) and submit it in a sealed closed envelope with all mentioned documents within the deadline to LRC Head Quarters, Spears, Finance Office, First Floor, marked: Invitation to bid No: 2021-013 Financial Service Provider “Framework Agreement for Three Years” name of the Company. INCOTERMS DDP - Beirut Delivery Duty Paid Delivery address Spears ITB Published Friday 05 February This Scope of Work includes the following lots: ? Provision of open-loop card (or other biometric) solution - ATM/POS cards ? Transfer to a named beneficiary via local money agent / post office/ Cardless ATM Note: Service Providers are encouraged to demonstrate new products/solutions/technologies that might serve the purpose of this tender. This is likely to be applicable to: Banks Card Providers International/Domestic Remittance agents Closed Loop payment system providers Block Chain technology providers 1 Core Activities: 1.1 Provision of ATM-s cards, Primary account for LRC, Sub-accounts for LRC and funding partners, proxy accounts for beneficiaries 1.2 Provision of physical ATM cards and any other related hardware needed to implement the programme i.e. POS terminals 1.3 Detailed reporting as described below and preferably access to an online platform (online banking) for reporting and reconciliation 2 In detail, services required will include (but not be limited to): 2.1 Provision of producing reloadable, personalized (names or number) standard-sized ATM cards, that can be used at ATM-s and POS devices, transactions should be limited to only Lebanon (the card should not be able to work in other countries) and with a 3 year validity. 2.2 Cards should have a chip and a magnetic stripe. 2.3 All issued cards must have the ability to be used at ATM-s 2.4 All issued cards must have the ability to be used at POS terminals 2.5 All issued cards must have the ability to be restricted to either ATM or POS. 2.6 All issued cards must have the ability to hold multiple wallets (sub-accounts) that can be in different currencies and different restrictions (ATM usage and/or POS usage), as required by LRC.
• Documents:

 Tender Notice