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New social housing and local government banking framework to fill void left by Co-op

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New social housing and local government banking framework to fill void left by Co-op

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Published by Jon Land for 24dash.com in Local Government and also in Bill Payments, Housing

New social housing and local government banking framework to fill void left by Co-op New social housing and local government banking framework to fill void left by Co-op

A new national public sector banking framework was launched today involving Barclays, Lloyds TSB and the Royal Bank of Scotland.

ESPO has launched the framework following the Co-operative Bank’s decision to withdraw banking services from the public sector and focus on retail and small business customers.

ESPO, the UK's largest public sector purchasing organisation, says the three banks will offer a range of services designed to help local authorities, central government, schools, social housing providers, police, NHS, and all other public sector organisations with their banking requirements.

The banks have all agreed to terms and conditions as part of the framework meaning that customers will not need to undergo lengthy negotiation processes with the banks directly to access the best deals.

Customers of the ESPO banking framework can access a range of banking services to suit their requirements. The framework is made up of the three following lots:

• Lot 1 - General banking services
• Lot 2 - Merchant acquiring services
• Lot 3 - Bill payment systems


The banks on the framework have been awarded via a fully EU/UK compliant route and the terms and conditions already in place will underpin all contracts placed under the agreement. ESPO says it has assessed the banks based on past performance, experience and technical and professional ability and compliance with the FCA and PCI DSS standards.

Shradha Shikotra, buyer, professional services at ESPO said: “This new banking framework is available to any public sector organisation and has support from the Local Government Association.

“We have worked hard to ensure it covers the needs of our customers and have done all the necessary negotiations with the banks to save our customers from having to undertake this lengthy process themselves.

“All contracts can be customised to meet the specific needs of our customers, safe in the knowledge that they are supported by a robust and regulatory set of terms and conditions.”

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