Source: https://tendernation.io/opportunities/01a13bee-eb3a-7098-82c3-a3614d2c7af2/nepo505-provision-of-prepaid-card-accounts

closed GB open procedure Suitable for SMEs

# Nepo505 provision of prepaid CARD accounts

[NEPO](https://tendernation.io/buyers/nepo)

Estimated value

£24,000,000

Published

31 Aug 2016

Deadline

Closed

4 Oct 2016

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

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## About this tender

The North East Procurement Organisation (NEPO) is inviting responses from suppliers 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.

## CPV classification

Financial and insurance services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/1c9ae2e5-adca-11e6-9901-0019b9f3037b)

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