# Provision of Prepaid Card Accounts

> Contract award record from UK public-sector procurement sources.

## Key facts

- Public buyer: Association Of North East Councils
- Contract winner: [Prepaid Financial Services Limited](/contract-winners/prepaid-financial-services/public-sector-contract-awards)
- Award value: £24,000,000
- Tender value: £24,000,000
- Award date: 29 November 2016
- Published: 24 February 2017
- Contract start: 9 January 2017
- Contract end: 8 January 2021
- Stage: awarded
- Procurement category: services
- Notice ID: 8d1afe53-7f44-4492-8d52-6cf7f8a27a3d-132184
- OCID: ocds-b5fd17-3a12a06b-1bbd-425a-a85b-a7a46a1198f6

## 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\.

## Related contract awards

- [NEPO508 Vendor Neutral Managed Service for Temporary Agency Workers](/contracts/ocds-b5fd17-b6e5cde6-7f1e-402a-8f5e-933030fbfc10): Association Of North East Councils
- [NEPO407 Food & General Provisions](/contracts/ocds-b5fd17-e9636d98-c12b-4ca1-a7f9-be4c6594c275): Association Of North East Councils
- [NEPO307 Supply of Liquid Fuels](/contracts/ocds-b5fd17-369bdd54-cd7f-4c8d-ae37-9afe9722194e): Association Of North East Councils
- [BT1364 - Pre-Payment Cards](/contracts/ocds-b5fd17-d289af49-17ff-417d-8674-c117dd5df2b1): Luton Council
- [NEPO-505 Prepaid Payment Cards](/contracts/ocds-b5fd17-4aa714b8-1490-4833-ba11-163fc0ee509b): Plymouth City Council
- [Provision of Prepaid Card Account services](/contracts/ocds-b5fd17-85045d50-9623-4923-a0dd-93400762647b): East Sussex County Council

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/8d1afe53-7f44-4492-8d52-6cf7f8a27a3d-132184)