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Benefit system to move to ‘library card’ style token

March 4, 2015

lifestyle

A move to a library card style system could see thousands of benefit claimants receiving their money on a token instead of by cheque.

Around 250,000 of the 18 million people on benefits currently get their money by cheques which are then cashed at the Post Office, as a lot of them do not have a bank account. However, the cheques are looking to be phased over in around a year, so the system is going to be moved to PayPoint outlets instead.

There are currently around 22,000 PayPoint outlets in the UK located in supermarkets and convenience stores.

One of the main reasons for the changes are the every dwindling use of cheques and the fact that cheques are more open to fraud than other methods of payment.

The library card style token will have to be presented along with a form of ID so they can claim their money.

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