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Simplified supply & maintenance arrangements of prepaid payment solutions for
central government and the wider public sector
The Payment Solutions framework announced by the Crown Commercial Service (CCS) is available to all public sector organisations.
The RM3828 framework agreement has been awarded to nine suppliers offering solutions across three lots. These include public sector payment cards to purchase goods and services for public use, prepaid cards and fund disbursements to citizens.
Lot 3 features a range of disbursement options, including cash vouchers represented as unique barcodes distributed by SMS, email or encoded to cards. Vouchers can be delivered direct to individuals or through distribution points for the most vulnerable citizens and those requiring specific access to restricted funds. It is this third lot for which i-movo has been selected, along with one other service provider.
In this area, it is estimated that savings of at least £5 per transaction can be achieved when compared to existing payment methods.
When accessing the RM3828 framework agreement, Government customers are not required to undertake a full OJEU procurement, saving time and money. Customers will simply need to identify their requirements, undertaking pre-market engagement where appropriate, present these to suppliers selected for the framework, evaluate supplier responses against their pre-defined evaluation criteria and award a contract. The agreement is simple to use with advice available from CCS and is valid until 28 October 2021.
The agreement is fully legal, compliant and in line with EU procurement regulations. EU procurement regulations introduced in 2006 and updated in 2015 specifically recognise framework agreements as a legitimate route to market. This reduces procurement risk for buyers and reduces bureaucracy in the procurement process.
i-movo is the UK’s leading secure digital voucher system, having processed over 20 million transactions worth in excess of £400 million. The service is available in over 60,000 UK locations including all retailers with epay, PayPoint and Payzone payment terminals.
The service enables vouchers to be distributed by SMS, email, direct mail or mag-stripe card and are accepted by retailers as a trusted form of payment. i-movo vouchers are validated in real-time to avoid over-use or fraud.
The service provides fast, financial settlement for retailers who are reimbursed automatically within days. Voucher issuers get instant visibility of who has redeemed their voucher, where and when.
Established in 2003, the company has delivered over 1,800 campaigns for more than 200 clients across various sectors including Banking, Consumer Goods, Government, Newspaper Publishing, Retail & Utilities and is registered with the Financial Conduct Authority (FCA) as a Small Payments Institution.