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Bank Services: Elderly

Volume 488: debated on Tuesday 24 February 2009

To ask the Chancellor of the Exchequer what recent representations he has received on the needs of older people in the development of new payment methods and banking technology by banks; and if he will make a statement. (256268)

The Treasury has received recent representation on this issue.

Decisions relating to the development of new payment methods and banking technologies are commercial ones. However, the Payments Council (the organisation that sets strategy for UK payments) is tasked to ensure that payment systems meet the needs of users, payment service providers and the wider economy.

The Government recognise that some groups still value certain methods of payments and continues to support customer choice, competition and efficiency in the payments market.