---
title: "Prepaid Card Services"
ocid: "ocds-b5fd17-1b4b9291-2dfe-4642-9aad-89132cf9ab5f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1b4b9291-2dfe-4642-9aad-89132cf9ab5f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1b4b9291-2dfe-4642-9aad-89132cf9ab5f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1b4b9291-2dfe-4642-9aad-89132cf9ab5f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "ISLINGTON COUNCIL"
published: "2025-10-07"
---

# Prepaid Card Services

Buyer: ISLINGTON COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-1b4b9291-2dfe-4642-9aad-89132cf9ab5f

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## Summary

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.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/08df92dd-b087-40c6-9325-37e6bdf01cab |
| 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 |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Oct 2025 |
| Submission deadline | 31 May 2025 |
| Future notice date | Not specified |
| Award date | 30 May 2025 |
| Contract period | 31 May 2025 - 31 May 2029 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £450,000 |
| Lots value | Not specified |
| Awards value | £450,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ISLINGTON COUNCIL |
| Locality | LONDON |
| Post town | North London |
| Postcode | N1 2UD |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI43 Haringey and Islington |
| Local authority | Islington |
| Electoral ward | St Mary's & St James' |
| Westminster constituency | Islington South and Finsbury |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PREPAID FINANCIAL SERVICES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66172000 - Financial transaction processing and clearing-house services

## Release History

- 7 Oct 2025 at 13:00 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/08df92dd-b087-40c6-9325-37e6bdf01cab

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/08df92dd-b087-40c6-9325-37e6bdf01cab
  7th October 2025 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-1b4b9291-2dfe-4642-9aad-89132cf9ab5f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1b4b9291-2dfe-4642-9aad-89132cf9ab5f.json.