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No More Government Benefit Checks

Author: Hudson Institute

Published: 2011-04-21

Synopsis and Key Points:

New applicants for government benefits from Social Security to disability payments will no longer be able to get payment in the form of paper checks.

Main Digest

Government Benefit Checks Bite the Dust: Hudson Event on the Digital Future.

After May 1, new applicants for government benefits, ranging from Social Security to veterans' disability payments, will no longer be able to get payment in the form of paper checks.

By 2013, all nine million current check recipients must find a new way to receive their payments - via direct deposit or debit card. Will the disadvantaged and elderly be able to make this leap into the digital future

This change in payment will occur at a time when many forces are roiling the consumer financial services market. Will banks pursue these potential new customers? Will the prepaid debit card market expand with customized institution-specific debit cards

Hudson Institute will host a discussion of these topics, which are raised in a new paper by Visiting Fellow Hanns Kuttner entitled "The Move to Digital Payment: When the Check Is No Longer in the Mail." (www.hudson.org/DigitalPayment0411)

Contact for Hanns Kuttner: hkuttner@hudson.org

What:

Hudson Institute Panel on "When the Check Is No Longer in the Mail: The Move to Digital Payment"

When:

April 27, 2011, 12:00 - 2:00 PM. Complimentary lunch will be served.

Who:

Troy Reiners, Assistant State Treasurer, State of Nebraska

Melissa Koide, Center for Financial Services Innovation

Hanns Kuttner, Hudson Institute

Where:

Hudson Institute (www.hudson.org)

Betsy and Walter Stern Conference Center 1015 15th Street, NW, Sixth Floor, Washington, DC 20005

RSVP: events@hudson.org

Online Streaming: www.hudson.org/WatchLive

Hudson Institute is a nonpartisan policy research organization dedicated to innovative research and analysis. Founded in 1961, Hudson is celebrating a half century of forging ideas that promote security, prosperity, and freedom.

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