Financial Services and
Payments Framework
Our Financial Services and Payments Framework offers Public and Private sector organisations the opportunity to benefit from pre-vetted, award winning services.
The Framework provides participants with direct access to leading edge financial services from the winning bidders, thus avoiding the need for organisations to run their own tenders. Suppliers include Adelante, Checkout, Cocoon, Ecospend, Go Cardless, HeyCentric, Key IVR, Kikapay, Lloyds Banking Group, NatWest Group, Nuvei, VISA, Volopa and Vyne.
All CPRAS Frameworks are compliant with all GDPR and payment regulations.
Our Financial Services and Payments Framework Supports:
1. Income Management Systems
2. Banking Services
3. Merchant Services
4. Call-masking and IVR
(Data Protection for Phone Payments)
5. Open Banking Payments
6. Open Banking Data Services
7. Procurement Cards
Invoice Validation Service
Also included in the Framework is the CPRAS Invoice Validation Service.
Checking financial service charges must be done on a transaction-by-transaction basis and for every transaction there are many variables which determine price. Finance Departments are therefore limited to checking “headline” data, such as validating that the total value of transactions that are being charged for matches the value of receipts.
However, CPRAS has developed the technology needed to cross-check every transaction fee and check for discrepancies.
This service recently resulted in a District Council being refunded for an £8,000 overcharge. And the best part - the Council only needed to become involved when they were notified the refund was on it's way to them. CPRAS handled every stage of the identification and resolution process directly with the supplier on their behalf.
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