Prepaid Card Services
Islington Council · awarded 31 May 2025 · delivered in London
Who
| Buyer | Islington Council LONDON |
|---|---|
| Supplier |
Prepaid Financial Services |
| Category | services |
| Classification | Financial transaction processing and clearing-house services CPV 66172000 |
| Notice published | 7 October 2025 |
What it is for
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.
Read the original award notice on Contracts Finder →
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Everything Islington Council has awarded →
Other contracts won by this supplier
15 awards on file, worth £18.7m.
| Awarded | What for | Buyer | Supplier | Value |
|---|---|---|---|---|
| 24 May 2020 | Support Payment Card | Home Office | PREPAID FINANCIAL SERVICES LIMITED | £16.0m |
| 31 May 2025 | Prepaid Card ServicesLondon | Islington Council | Prepaid Financial Services | £450k |
| 23 Jan 2025 | Prepaid Card ServicesNorth East | London Borough of Enfield | Prepaid Financial Services Limited | £400k |
| 23 Jan 2025 | Prepaid Card ServicesEngland | London Borough of Enfield | Prepaid Financial Services | £400k |
| 8 Jan 2025 | DA from NEPO505 FW for Prepaid CardsNorth East | Stockton Borough Council | Prepaid Financial Services | £240k |