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29 July 2014 | Gurjit Degun
Buying organisation ESPO has launched a framework agreement to make the procurement of banking services easier for the public sector.
It follows the Co-operative Bank’s announcement it will no longer be able to provide public sector customers with banking services as it looks to focus on retail and small businesses.
Barclays, Lloyds TSB and Royal Bank of Scotland will offer a range of banking solutions as part of the framework. The banks have all agreed to terms and conditions which mean “customers will not need to undergo lengthy negotiation processes with the banks directly to access the best deals,” said ESPO.
Customers of the ESPO banking framework can access a range of banking services to suit their requirements including general banking services; merchant acquiring services and bill payment services.
Shradha Shikotra, buyer of 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.”