MOSCOW, 12 Mar – RIA Novosti. The targeted spending of funds on products is difficult to track when they are received on an already existing bank card, the most practical way is control by a cash register receipt or a separate card for state food aid, Viktor Dostov, head of the Association of Electronic Money and Money Transfer Market Participants, told RIA Novosti.
On Friday, the Izvestia newspaper reported that the Cabinet had asked the Finance Ministry to evaluate the consumer certificate program. It assumes that citizens will be able to receive a fixed amount on a bank card and spend it on groceries.
This program was proposed to the Cabinet by the Ministry of Industry and Trade at the end of 2020. According to it, people with incomes below the regional subsistence level should receive targeted assistance. The ministry suggests that the consumer certificate should be linked to the Mir card. Each month it will receive a fixed amount that can only be spent on food. “Tracking the use of money is a rather non-trivial task. I think that transferring” food “money to an existing client's account is not entirely correct, because both their own and state funds will mix, and somehow it will be difficult to distinguish between their use. And tracking from a separate card, account or “wallet” is already more technically feasible, “the expert says.
By default, the bank and the payment system do not see what the consumer is buying, they only have access to information about the type of outlet: “supermarket”, “sporting goods store” and so on, Dostov explains. Thus, in the supermarket there may be both milk and alcohol in the basket. “It is probably the most practical to control the check on the cash register. If unauthorized goods are found in it, the transaction can be blocked either at the checkout level or at the bank level: for some credit institutions already have online access to the composition of checks. Also, at the level of fiscal data operators, it will be necessary to establish automatic labeling of acceptable products: for example, it is logical that a consumer could purchase any bread, not just a specific manufacturer. This is not an easy task, but it can be solved. ” says Dostov.
In other countries, the control is built a little differently, the expert added: for example, in the United States, a sales outlet is responsible for the correct use of food stamps. If the cashier sold tobacco or alcohol on such a card, he may lose his license.