---
title: "Prepaid Card Services"
ocid: "ocds-h6vhtk-05a991"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05a991"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05a991.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05a991.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LONDON BOROUGH OF ISLINGTON"
published: "2025-10-07"
---

# Prepaid Card Services

Buyer: LONDON BOROUGH OF ISLINGTON  
Current stage: Award  
OCID: ocds-h6vhtk-05a991

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05a991)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-05a991.json)

## Summary

The London Borough of Islington has completed a procurement process for the provision of prepaid card services aimed at supporting various council operations such as Adult Social Care, Children's Services, NRPF, and Client Finance. The main goal of this procurement is to facilitate fast electronic fund transfers, reduce manual payment processes, and allow for real-time expenditure monitoring while protecting vulnerable clients from financial abuse. The tender falls under the 'Financial transaction processing and clearing-house services' category, with the procurement method being a direct award without prior publication under the NEPO framework. The contract, valued at £450,000, was awarded to Prepaid Financial Services (PFS) on 7th February 2025, with services to be delivered in the UKI region, specifically London.

This procurement presents ample opportunities for businesses in the financial services industry, particularly those specialising in payment solutions and electronic fund management. Companies capable of providing robust reporting, joint account functionality, and continuity of service would be well-suited to this tender. The selection of PFS was facilitated by the NEPO framework, highlighting the importance of having a presence in such frameworks for future contract opportunities. This tender showcases the potential for growth within the public sector for businesses offering innovative financial solutions, especially those keen on tapping into digital payment systems for public services.

## Notice

The contract covers the provision of long-term prepaid card services to support various council operations including Adult Social Care, Children's Services, NRPF, and Client Finance. Prepaid cards enable fast electronic fund transfers, reduce manual payment processes, and allow real-time expenditure monitoring. The service supports cashless operations and protects vulnerable clients from financial abuse.

### Lot Information

Lot 1

The procurement covers the provision of long-term prepaid card services to support multiple council operations including Adult Social Care, Children's Services, NRPF, Client Finance, and Education. The council currently manages approximately 2,000 prepaid cards across eight payment platforms. The service enables fast electronic fund transfers, reduces manual payment processes, and allows real-time expenditure monitoring. It supports a largely cashless operation and protects vulnerable clients from financial abuse. The contract includes a fixed monthly fee based on card volume (currently in the 1,001-3,000 bracket), plus additional charges for setup, replacement cards, reporting, and platform-specific changes. The successful provider, Prepaid Financial Services (PFS), was selected via direct award under the NEPO framework due to their ability to meet all requirements, including robust reporting, joint account functionality, and continuity of service.

### Procurement Information

The contract was awarded without prior publication in accordance with Regulation 32 of the Public Contracts Regulations 2015. This is lawful because the procurement is a direct call-off from an existing framework agreement (NEPO505 - Payment Solutions). The framework permits direct award and includes Prepaid Financial Services (PFS) as an eligible supplier. The council selected PFS based on continuity of service, value for money, and their ability to meet all technical and operational requirements. No further competition was required under the terms of the framework.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/062881-2025 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Oct 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 7 Feb 2025 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

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

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON BOROUGH OF ISLINGTON |
| 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 12:48 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/062881-2025

## Notice URLs

- http://www.islington.gov.uk
- https://www.islington.gov.uk/business/opportunities/selling_council/procurement-opps

## 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-h6vhtk-05a991. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05a991.json.