Áine Collins (Cork North West, Fine Gael)
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74. To ask the Minister for Finance if he has provided the approval to An Post to set up the new transaction account. [26558/15]

Michael Noonan (Limerick City, Fine Gael)
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An Post have been engaged with my Department regarding their proposal to provide a payment account.  There are a number of steps that the company must complete including a statutory consultation with the Minister for Communication, Energy and Natural Resources.  Once the necessary procedures have been completed the proposal will be submitted for my decision. I understand that the process is at an advanced stage.