UK payment specialist allpay has been appointed as an official supplier on both Crown Commercial Service’s (CCS) Open Banking and Fund Administration & Disbursement Services Dynamic Purchasing Systems (DPS).
The company has an established prepaid card business within the public sector. Now allpay said securing a place on both systems solidifies its position in the realm of digital financial services and fund disbursement solutions.
“By positioning ourselves on both Dynamic Purchasing Systems, we see this as a pivotal moment in advancing our Open Banking and fund disbursement solutions,” said Jonathan Stanton-Humphreys, commercial director at allpay.
The CCS’s Open Banking and Fund Administration & Disbursement Services Dynamic Purchasing Systems are designed to facilitate secure and efficient financial transactions supporting government operations. As an official supplier, allpay will look to enhance the efficiency and effectiveness of government financial processes.
allpay processes more than £8.5 billion annually for more than 1000 public and private sector entities. It serves 500 Housing Associations (HAs) and ALMOs, with 90 percent of the top 250 HAs in England and 60 percent of all UK Local Authorities (LAs) choosing allpay for their bill payment services.
