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1st December 2016

New Solution Awarded: Prepaid Card Accounts

NEPO has awarded a new solution for Prepaid Card Accounts. The solution, which is available for use by the wider public sector, will commence on 9 January 2017.

The awarded suppliers are:

  • Prepaid Financial Services Limited
  • Allpay Limited
  • Aquarium Software Limited

Prepaid Card Accounts operate in the same way as a standard UK bank account, including the option to withdraw cash from an ATM, make regular payments, pay vendors and receive regular statements. The cards operate much in the same way as a standard debit card, whereby funds are preloaded by Contracting Authorities and used by the cardholder until the balance is exhausted.

Prepaid Card Accounts are primarily utilised for Social/Health Care-related direct payments and appointee programmes. Contracting Authorities may require the Prepaid Card Accounts for other purposes such as corporate expenses.

The benefits achieved through the use of Prepaid Card Accounts include:

  • Reduced costs compared to traditional methods
  • Income generation through reclaiming of unspent funds (typically understood to be 10% of original budget)
  • Streamlining of operations and resources
  • Improved customer service
  • Increased control, transparency and analysis
  • Improved security
  • Faster responsiveness in the distribution of funds
  • Supporting the Personalisation Agenda
For further information please visit