7 March 2018 – Changes to AoG banking services solution
The AoG banking services solution encompasses four banking services sub-categories.
|Crown Transactional Banking Services||Foreign Exchange Services||Payment Services||Card Services|
|Transactional bank account services including Crown, departmental, trust and foreign exchange accounts||International direct credits (ACH)||Merchant facilities for accepting Visa, MasterCard and UnionPay credit and debit cards||Card facility:
|Transaction processing, payments and settlements||Telegraphic Transfers (TTs)/
International Money Transfers (IMTs)
|Online gateway for accepting inward payments online||Expense Management System (EMS)|
|The Crown’s Consolidated Cash Management Process||International drafts||Over the counter bill pay|
|Direct debit initiator authorities||Foreign currency cash||Remittance processing|
Crown Transactional banking services is only available to core agencies subject to the Crown’s Consolidated Cash Management process as listed here.
There is one single provider in the Crown Transactional banking services sub-category available to core agencies. Five banking services providers cover the other sub-categories as detailed on the providers page.
The AoG banking services solution offers a range of services and benefits for eligible government agencies including:
Savings vary across sub-categories and will depend on an agency’s banking services purchasing profile and specific requirements.
We strongly recommend you read all services agreements thoroughly and assess the pricing offering together with the overall services being offered, functionalities, service levels, helpdesk support and value adds described in the services agreements.
Most AoG contracts include an administration fee. This fee is a simple, effective and transparent way of recovering the cost of developing, sourcing, implementing and managing AoG contracts.
For efficiency of administration, the AoG Banking Services administration fee will be collected through the Crown Transactional Banking Services contract. More information on this will be provided directly to your agency
Suppliers collect the administration fee and pass it on to MBIE - agencies don't need to make any payments to MBIE.
*Additional contract date information
Crown Transactional banking services:
This sub-category has a term of 8 years with no right of renewals and will expire on 30 June 2023.
Foreign exchange services, payment services, and card services:
These sub-categories have an initial term of 3 years ending on 30 June 2018. There are 2 rights of renewal available, the first one is for a 3 year term and the second renewal is for 2 years.
All the banks on the AoG banking panel have now successfully completed a security review with no high level risks found. The review looked at the security and integrity of the banks’ IT environments across the different AoG services and specifically at whether key security controls have been configured, implemented and are operating effectively within banks’ IT systems.
Service security certificates have been issued to the banks for the duration of the current contract. If you want to view these certificates or detailed review reports please contact firstname.lastname@example.org.
To be able to purchase from this contract agencies and schools first need to join.
Each participant in this contract has responsibilities that they must meet as part of that contract.