Competition with a shortlist
Competitive procedure with a selection stage: suppliers were shortlisted before being invited to bid.
Key facts
- Buyer
- Islington Council · Regional or local authority
- Value
- £450,000
- Procedure
- Call-off from a framework agreement
- Sector
- Financial & insurance services · Financial transaction processing and clearing-house services (CPV 66172000)
- Region
- London
- Official notice
- View on Contracts Finder
- Timeline
-
- Contract date31 May 2025
- Published7 Oct 2025Published 129 days after the contract date
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.
About the supplier
Prepaid Financial Services Limited: every public contract they have won, plus their Companies House record (company 06337638).