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Increasing numbers of Local Authorities are using prepaid cards in response to the practical and bureaucratic challenges presented by Individual Budgets. Our analysis shows that Councils can expect a saving of 36% if they choose use prepaid cards to manage Direct Payments and Individual Budgets. Opportunities for significant efficiency savings through reduced administration processes, improved care monitoring and protected delegation of care commissioning to service users are some of the key benefits being realised through effective prepaid implementation. However, do you understand how to implement the cards and how to manage your prepaid programme? Our latest white paper shows how prepaid can be a more efficient than using bank accounts and how organisations can use prepaid to deliver cost savings and better programmes for clients. |
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Buying Solutions have signed a framework for prepaid cards with three Visa issuing banks. This framework means that public sector buyers can now use the GPC framework to buy prepaid without having to go to a formal tender. Buyers could use the mini-competition process to complete the procurement, or if they have specific needs that can only be met by one supplier, they can be called directly from the framework. Ticon can help buyers understand how prepaid works, how to implement it and how to run a mini-competition for prepaid under the framework. To find out more email:
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Ticon have just had an article published in Policy Review Magazine, (http://www.policyreview.co.uk/articles.php?article_id=54). In it, we outline how the benefits system could be modernised through the use of prepaid cards, delivering a fairer, more efficient system for individuals who are out of work. |
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Ticon have been nominated for the Best Corporate / Government Prepaid Programme Award in this year’s annual Prepaid Awards ceremony. This nomination is for our work on Lewisham’s leaving care programme. www.prepaidawards.com.
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Prepaid cards 
Do you know whether any of your critical suppliers are over-exposed to debt? Is the functioning of your organisation at risk if one of your suppliers fails?