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Banking Operations

Dáil Éireann Debate, Thursday - 3 April 2014

Thursday, 3 April 2014

Questions (92)

Ciaran Lynch

Question:

92. Deputy Ciarán Lynch asked the Minister for Public Expenditure and Reform the duration of the merchant agreement where payment by debit or credit card is accepted for services provided by his Department or bodies under the aegis of his Department to the public; when the term of the agreement will end; if the merchant agreement is awarded by way of tender; and if he will make a statement on the matter. [15743/14]

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Written answers

I understand that the merchant agreements the Deputy is referring to, relate to "Acquiring Bank Services". These are services offered by a financial institution that facilitate an entity to accept debit and credit card payments from individuals or other entities.

In this respect my Department does not receive credit/debit card payments and does not therefore avail of "Acquiring Bank Services". 

Agencies under the aegis of my Department, that avail of "Acquiring Bank Services" are; the Office of Public Works (OPW), the Economic and Social Research Institute (ESRI) and the Institute of Public Administration (IPA); the information I have from these Agencies in relation to "Acquiring Bank Services" is summarised as follows:

Organisation

Tender?

Contract Expiry

OPW

No specific tendering acquired from their existing banking provider (OPW tendered for full banking services in 2010)

No expiry date, can be cancelled at any time.

ESRI

No tendering as service costs (less than €500 per year) is well below procurement thresholds.

No expiry date.

IPA

No tendering as service costs (less than €500 per year) is well below procurement thresholds.

Service and costs reviewed on an annual basis.

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