What is hacking you off today?

[Napster]

If only it was true end of olden day slavery but sadly not the modern world

This happened in our town https://www.kentonline.co.uk/tenter...-illegal-workers-like-terrified-slave-325236/

 

[Supershrimper]

What is very concerning is that thousands of UK pensioners living abroad now find their personal data is in the hands of an Ametican bank.

The bank that processes DWP pension payments abroad does receive limited personal information, but only what's necessary to complete the transaction. This typically includes:

• Your name
• Your bank account details (for the destination account)
• The amount being transferred
• Possibly your address or country of residence, depending on local banking regulations

However, this data is shared under strict contractual and legal safeguards. The DWP uses a secure international payment system, and the bank acts as a payment processor, not a data controller meaning it can’t use your information for anything beyond fulfilling the payment.

The reason DWP pension payments to people living abroad are often processed through an American bank is due to the International Pensions Direct Payment (IPDP) system. This system allows the UK government to send pension payments directly to overseas bank accounts in local currencies, and it's managed by a U.S. based financial institution on behalf of the DWP.

Here’s why they do it this way:

• Efficiency: Using a centralised international payment processor helps streamline the process and reduce administrative costs.
• Currency conversion: The American bank handles the conversion from pounds to the local currency, which simplifies things for pensioners abroad.
• Global reach: U.S. banks often have broader international banking networks, making it easier to deliver payments reliably across different countries. Especially to all those Britain's that have escaped to other countries.

 

[blues exile]

The bank that processes DWP pension payments abroad does receive limited personal information, but only what's necessary to complete the transaction. This typically includes:

• Your name
• Your bank account details (for the destination account)
• The amount being transferred
• Possibly your address or country of residence, depending on local banking regulations

However, this data is shared under strict contractual and legal safeguards. The DWP uses a secure international payment system, and the bank acts as a payment processor, not a data controller meaning it can’t use your information for anything beyond fulfilling the payment.

The reason DWP pension payments to people living abroad are often processed through an American bank is due to the International Pensions Direct Payment (IPDP) system. This system allows the UK government to send pension payments directly to overseas bank accounts in local currencies, and it's managed by a U.S. based financial institution on behalf of the DWP.

Here’s why they do it this way:

• Efficiency: Using a centralised international payment processor helps streamline the process and reduce administrative costs.
• Currency conversion: The American bank handles the conversion from pounds to the local currency, which simplifies things for pensioners abroad.
• Global reach: U.S. banks often have broader international banking networks, making it easier to deliver payments reliably across different countries. Especially to all those Britain's that have escaped to other countries.

Thank you for such a detailed and informative response which has clarified most of the issues I was concerned about. Although at present I live in Latvia my pension is paid into an English bank account which makes the delay because of USA bank holidays rather annoying although this is the first time it has happened.