General Banking Services will be used to deliver core transactional banking arrangements, providing bank account structures to be used for outgoing payments such as creditor cheques, CHAPS, BACS, direct debits, standing order payments, balance requests, commission charges and associated interest payments.
Alongside these core transactional services, the solution will include ancillary services.
The solution will be available for use by the UK public sector.
Anticipated benefits include:
- Compliant route to market avoiding the need to undertake a full procurement process
- Quick and easy access for contracting authorities
- Contract management undertaken by YPO and NEPO
- Pre-agreed terms and conditions avoiding lengthy negotiations with suppliers in a heavily regulated industry
- Access to all suppliers listed on the solution with a wealth of experience in public sector banking
- Transactional banking arrangements to provide bank account structures and ancillary services.
The availability of a bank branch network to receive cash and cheques and offer encashment facilities. Cheques and electronic payment services including creditor payments, payroll and outsourced payment services (e.g., production of cheques)
Online banking capabilities, including an interface to receivables and general ledger systems
Innovation in the evolving banking sector such as open banking capabilities and digitalisation.
For full access to framework documentation including User Guide, pricing, and T&Cs, please send a completed copy of the NDA to [email protected]