Award

Prepaid Card Services

ISLINGTON COUNCIL

This public procurement record has 1 release in its history.

Award

07 Oct 2025 at 13:00

Award Notice
Summary of the contracting process

The procurement process for the "Prepaid Card Services" contract was awarded by Islington Council, located in London, United Kingdom. This tender, categorised under the financial transaction processing and clearing-house services industry, falls under the award stage as of 7 October 2025. The contract, valued at £450,000, commenced on 1 June 2025 and will continue until 31 May 2029. The procurement was executed as a direct call-off from the NEPO505 Payment Solutions framework, with the contract being awarded to Prepaid Financial Services, the incumbent supplier, due to their ability to meet all technical and operational requirements.

This tender presents opportunities for growth in the financial services sector, particularly for businesses providing financial transaction processing services. While the procurement method in this case was selective through a framework agreement, companies that can offer robust reporting capabilities and ensure service continuity might consider such opportunities in similar future tenders. Though this contract was not open to small to medium-sized enterprises or voluntary, community, and social enterprises, firms aiming to engage in long-term public sector contracts with governmental bodies like Islington Council could find comparable opportunities fitting their service profiles in the competitive public procurement landscape.

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Notice Information

Notice Title

Prepaid Card Services

Notice Description

This contract provides long-term prepaid card services to support Islington Council's operations across Adult Social Care, Children's Services, NRPF, Client Finance, and Education. The service enables secure electronic fund transfers, real-time expenditure monitoring, and reduced manual payment processes, supporting a cashless model and safeguarding vulnerable clients. The contract was awarded via direct call-off from the NEPO505 Payment Solutions framework to Prepaid Financial Services (PFS), the incumbent provider. PFS was selected for their ability to meet all technical and operational requirements, including robust reporting and continuity of service. The contract commenced on 1 June 2025 and runs until 31 May 2029.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1b4b9291-2dfe-4642-9aad-89132cf9ab5f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/08df92dd-b087-40c6-9325-37e6bdf01cab
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66172000 - Financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£450,000 £100K-£500K
Lots Value
Not specified
Awards Value
£450,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
7 Oct 20254 months ago
Submission Deadline
31 May 2025Expired
Future Notice Date
Not specified
Award Date
30 May 20258 months ago
Contract Period
31 May 2025 - 31 May 2029 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
ISLINGTON COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
N1 2UD
Post Town
North London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
St Mary's & St James'
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

PREPAID FINANCIAL SERVICES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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