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Provision of Prepaid Card Accounts

Association Of North East Councils Published 24 Feb 2017 Contracts Finder

key details

Value£24,000,000
Statuscomplete
Category (CPV) 66000000
Deadline4 Oct 2016
Contract start9 Jan 2017
Contract end8 Jan 2021
Procedureopen
SME suitableYes
OCIDocds-b5fd17-3a12a06b-1bbd-425a-a85b-a7a46a1198f6

Awards (3)

This procurement was awarded to 3 suppliers. Values shown are per-award; the notice total is £24,000,000.

SupplierValueDateStatus
Allpay Limited shared £24,000,000 29 Nov 2016 active
Aquarium Software Limited shared £24,000,000 29 Nov 2016 active
Prepaid Financial Services Limited shared £24,000,000 29 Nov 2016 active

description

The North East Procurement Organisation (NEPO) Framework Contract award for the provision of Prepaid Card Accounts allowing Contracting Authorities an alternative method to manage their cash disbursements and budget monitoring.

Prepaid Card Accounts will operate similar to a standard UK Bank Account, including the option to withdraw cash from an ATM, make regular payments, pay vendors and receive regular statements. Prepaid Card Accounts do not have an accessible overdraft facility.

Prepaid Cards operate much in the same way as standard Debit Card whereby funds will be preloaded by Contracting Authorities and used by the Cardholder until the balance is exhausted.

It is anticipated that Contracting Authorities will primarily use Prepaid Card Accounts for Social/Health Care related Direct Payments and for the management of Corporate Expenses. This is not exhaustive and Contracting Authorities may require the Prepaid Card Accounts for additional related services.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
24 Feb 2017 Award (award) · 8d1afe53-7f44-4492-8d52-6cf7f8a27a3d-132184

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source

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