Prepaid industry organisation Global Prepaid
Exchange is urging the UK government to use prepaid technology in a
bid to limit welfare payment abuse.
Kevin Harrington, managing director of the
Global Prepaid Exchange cites numerous damning media reports that
describe benefit claimants squandering money on plastic surgery,
expensive weddings and foreign holidays – luxuries that those in
work sometimes cannot afford.
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Such reports have sparked huge controversy and
heated debate surrounding supposed ‘benefit cheats’, and threaten
undermining the welfare payments system in the UK.
“The Government has two options to meet the
concerns of tax payers; cut benefits or learn the lessons from
overseas and use prepaid technology to ensure that benefits are
used as intended,” said Harrington.
Prepaid for welfare payments in the US is long
established but it is not without its own problems. Reports of
claimants spending prepaid food vouchers on cigarettes have been
circulating but the Global Prepaid Exchange says this practice can
be wiped out thanks to new technology that can restrict purchases
within a shop.
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By GlobalData
