NatWest is the first bank in the UK to be accepted as a supplier on the Crown Commercial Service’s (CCS) new Dynamic Purchasing System (DPS) for Open Banking services.

The CCS supports the public sector to achieve maximum commercial value when procuring common goods and services.

The DPS is a procedure available for contracts for works, services and goods commonly available on the market.

The new system will be accessible by all public sectors in the UK, including central government, local authorities, NHS, police, education providers, devolved administrations and charities.

NatWest said the move means that buyers will be able to access Payit by NatWest Open Banking solutions as well as Confirmation of Payee (CoP) API to support fraud prevention.

The banks says it is already well integrated with the public sector as the largest supplier of Commercial Cards under CCS’ Payment Solutions 2 framework, as well as one of two House Banks on the Government Banking contract.

“After becoming the first country in the world to accept tax payments via Open Banking, this DPS will give the public sector access to a pool of pre-qualified suppliers," said Mike Elliff, chief executive at Payit by NatWest. "NatWest is delighted to be the first UK bank appointed to the DPS.

"Open Banking is a key part of the UK financial ecosystem and seeing it integrated into the public sector is encouraging."

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