Payment Card Services
Introduction
The Payment Card Services framework, managed by the North East Procurement Organisation (NEPO), is a strategic procurement arrangement designed to assist UK public sector organisations in efficiently managing their payment card requirements. Running until 20th September 2026, this framework provides a structured pathway for public sector bodies to access essential financial services without the complexities of conducting individual procurements. As a non-Dynamic Purchasing System (DPS), this framework offers stability and predefined terms that benefit both suppliers and buyers. Developed in collaboration with the Eastern Shires Purchasing Organisation (ESPO) and Yorkshire Purchasing Organisation (YPO), with NEPO as the lead, this framework ensures that entities have ready access to tailored payment card solutions.
Context & Use Case
This framework covers two principal types of payment card services: Prepaid Card Accounts and Commercial Procurement Cards. Prepaid Card Accounts are useful for instances where budget control and allocation are paramount, such as social care disbursements or staff expense management. Commercial Procurement Cards, on the other hand, facilitate streamlined procurement processes, allowing organisations to efficiently manage suppliers and reduce transaction costs. Public sector bodies utilise this framework to enhance financial governance, improve cash flow management, and support efficient procurement operations. The framework's design reflects the specific needs of public sector organisations, ensuring compliance with financial regulations and governance standards.
Scope of Services
1. Prepaid Card Accounts: These accounts are useful for managing allocated budgets for specific purposes, such as social care, grants, or employee expenses. They offer real-time tracking and reporting features that help organisations maintain oversight over spending patterns. 2. Commercial Procurement Cards: These cards enable organisations to make routine purchases more efficiently. They are particularly beneficial for low-value, high-volume procurements, reducing the administrative burden associated with purchase orders and invoices.
Who Can Apply
Suppliers interested in participating in this framework should have a robust track record in providing financial services, specifically in the area of payment card solutions. They should demonstrate the capability to offer secure, reliable, and innovative card services that meet the diverse needs of public sector organisations. Given the framework's structured nature, applications are closed after the initial award, distinguishing it from a DPS where applications can be made throughout its duration. Suppliers should ensure compliance with all relevant financial regulations and standards.
Buyer Benefits
Public sector buyers opting to use this framework benefit from a streamlined procurement process that saves time and resources. The ability to directly award contracts or conduct mini-competitions allows for flexibility and tailored solutions that meet specific organisational needs. The framework ensures compliance with UK procurement regulations, providing buyers with peace of mind and reducing the risk of non-compliance. Additionally, the collaboration between NEPO, ESPO, and YPO ensures a broad spectrum of expertise and support, enhancing the overall value delivered to public sector entities.
Lots
Not applicable
Next Steps
Suppliers interested in exploring opportunities within the Payment Card Services framework should thoroughly review the framework's requirements and ensure alignment with their service offerings. It is recommended that suppliers contact NEPO directly for more detailed information regarding participation and specific contractual terms. Engaging with NEPO will provide suppliers with insights into the procurement process and potential opportunities for collaboration within the framework's duration.
How Biddable Can Help
Biddable offers valuable support to suppliers navigating the complexities of public sector frameworks such as the Payment Card Services framework. By providing insights into procurement trends and opportunities, Biddable assists suppliers in preparing comprehensive bids and maintaining visibility of procurement pipelines. Our focus is on ensuring suppliers are well-prepared and informed, enabling them to make strategic decisions and maximise their potential within the public sector market.