Commercial Requirements
6.1 Charging Model
Clarify whether charges are applied per user, per bank connection, or per document
Outline any volume-based pricing flexibility or reseller models
Charges should only apply to successful Open Banking data pulls; failed or incomplete connections will not be eligible for payment
Response
Commercial Summary
TransUnion and Paylink have developed a trusted relationship over several years, underpinned by shared goals and a commitment to excellence. This next phase of our partnership reflects our mutual ambition to enhance financial wellbeing and deliver seamless Open Banking experiences to end users.
This commercial proposal builds on our long-standing strategic partnership, which has consistently delivered value through innovation, compliance, and customer-focused solutions. We are excited to extend this collaboration to support Open Banking within Paylink’s Embark platform.
Commercial Terms
To strengthen our partnership, we’ve developed a flexible commercial model that delivers highly competitive unit rates, aligned with the current volumes and projected growth outlined by Paylink in this RFP. The following setup and maintenance fees apply:
API Setup & Integration Fee: £10,000 (one-off cost)
PDF API Development Fee: £20,000 (one-off cost)*
Annual License Fee: £5,000 (recurring annual cost)
Bud Assess Dashboard (Web Portal) set up fee: £10,000 (One off cost)
*The PDF integration feature allows Paylink end users to retrieve a copy of the consumer’s Open Banking PDF statement directly through the API. This document is intended exclusively for the end client and will not be shared with the consumer. Please note: The PDF integration fee applies only if this functionality is required.
Annual Volume
Unit Rate (per successful connection)
MRA
Term
0 – 200,000
£0.25
£35,000
5 Years
Note: If the Bud Assess dashboard web portal is required, then the same unit rate will apply and draw down from the MRA in each year of the agreement.
Access to Bud Assess Web Dashboard – Paylink Direct Access
In addition to API integration for end-user access to Bud’s Open Banking services, we understand that Paylink requires direct access to a web-based portal for auditing and data validation purposes.
Subject to contracting, Paylink will be granted access to the Bud Assess Web Portal, enabling manual review of Open Banking data in instances where a consumer raises a dispute with the end user (Paylink’s client). This access will be governed by a separate direct agreement.
To initiate access to consumer Open Banking data via the dashboard, Paylink agents will send a co-branded consent link (Paylink/end user) to the consumer via email or SMS. Upon receiving consent, Paylink will be able to view the relevant data to support validation and audit processes.
Each dashboard user will receive unique login credentials as part of the service setup. If preferred, Paylink may opt to access the dashboard via an existing Single Sign-On (SSO) service. TransUnion and Bud will collaborate to review and configure the integration, with scope and requirements to be agreed during the setup phase.
