Smart Payments and Pre-paid Cards

Prepaid the future of e-payments ….. the next step forward.
Yes we are moving to the cash-less society.

Appropriate Fit Procurement can conduct the complete package to put in place a Prepaid programme for your Local Authority.

Select the best issuing banks for your needs through GPC3.
Conduct the project and programme management.

Major Benefits from Prepaid

Prepaid cards lead to the simplification of Budgetary Management in a controlled manner and reduce administrative costs :
70% less than cash (with no shrinkage / disappearing £s)
50% less than cheque payments

For advice to make sure you select the best prepaid card to exceed your needs - contact Appropriate Fit procurement experts on SMART PAYMENTS

There are a wide variety of payments and disbursements.
Prepaid can be applied to :
 Housing Benefits
 Social Care
 Care for the elderly (Personalisation of Care)
 Grants
 School uniforms and meals
 Emergency Cash Payments
 Payments to SMEs
 Prepaid for social inclusion – disadvantaged groups who do not have bank accounts

What is a Prepaid Card?

Money is pre-loaded onto the card.
Either : one-off sum
Or a recurring sum

Cards can be topped up through a payment at a regular or irregular interval.

The major care homes are receptive as they are paid in 3 to 4 days. The paper chase can be eliminated.

The Local Authority controls spending through specifying how cards are used and is able to put a stop on the card at any time.

“A Multi purpose prepaid card is a stored value card which can be used for a wide range of payment purposes and which has the potential to be used on a national or International scale, but which may sometimes be restricted to a certain area”. 


Download the following papers on Prepaid Cards 

Paper on Procurement card benefits - DOWNLOAD

"Prepaid for secured payments - without fraud" - DOWNLOAD