Mr. Eoin O'Sullivan:

On the paper-based medium, the only record is the number of stamps one has sold. If one is providing the service, one would buy stamps in bulk and one could go back and check the figures and would know them from that perspective. One would have an account set up for all the stamps that are purchased and they would be put into that account. However, there is no audit trail. If a person were to buy stamps in the credit union today, I would not have no information linking that person to the stamps he or she had purchased. From a reporting and operational risk point of view, controls and an audit trail need to be put in place in order that the credit union would know that a person has purchased stamps.