TenderlineUK
Procurement Intelligence
Official OCDS
Find a Tender
complete
Official procurement procedure

Prepaid Card Services

Financial transaction processing and clearing-house services
London (UKI)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: London Borough of Islington: "Prepaid Card Services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityLondon Borough of IslingtonScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: London Borough of Islington
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for London Borough of Islington. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Average Price Reduction
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
1Bids / Report
100% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 4 active published awards; 4 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Price reduction compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityLondon Borough of Islington
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSNot published
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published7 Oct 2025, 13:48 BST
Last source update7 Oct 2025, 13:48 BST
Recurring procurementNot published
ClassificationFinancial transaction processing and clearing-house services
Delivery area
London (UKI)
OCIDocds-h6vhtk-05a991
What is being bought
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.
What changed
From the official release history
  1. Status changed to complete
    7 Oct 2025, 13:48 BST
  2. Official notice release published
    7 Oct 2025, 13:48 BST
  3. Buyer information updated
    7 Oct 2025, 13:48 BST
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    cancelled
    Published valueNot published
    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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    7 Oct 2025, 13:48 BST
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 7 Feb 2025, 00:00 GMT · £450,000
Commercial outcome and competition
Awards
Prepaid Financial Services
Not published · Not published · active
Contracts
Contract
£450,000 · signed 7 Feb 2025, 00:00 GMT · active
Bid statistics
bids: 1 (lot 1)
Buyer and organisations in this procedure

London Borough of Islington

Contracting authority GB-FTS-163201
View buyer profile
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThe 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.