EBT is the fastest-growing payment type at the point of sale.
Electronic Benefits Transfer (EBT) is the delivery of government benefit funds - such as food stamps and cash benefits - to recipients using a magnetic stripe card at automated teller machines or at the point of sale. EBT programs are being implemented state-by-state across the U.S. , and this is expected to accelerate as a result of a federal government mandate for EBT by October 1, 2001. The providers involved in an EBT transaction are (1) the state government who issues the card; (2) the card processor who maintains cardholder records and funds; and (3) the EBT transaction processor who acquires the transaction, routes it for authorization, and settles with the card processor. The transaction works like an online debit transaction.
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Our preferred processor has been involved in EBT since its inception and was the first fully integrated implementation in the country . As of today, our preferred processors have been the leading provider of EBT processing services, processing over half of all EBT transactions in the U.S. They provide processing for all states with active magnetic stripe programs, and we are committed to bringing in new states as they implement programs. |
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They provide processing for all states with active magnetic-stripe programs, and we are committed to bringing new states up as they implement programs.
Our end-to-end EBT services include:
- Support for all well known terminal and electronic register manufacturers
- Access to all magnetic stripe EBT programs from a single system
- Front-end EBT transaction authorization and data capture
- EBT transaction settlement between the state and the retailer
- Funds movement between the state and the retailer
- On-line access and reporting, including consolidated EBT data for multiple states
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Using us for EBT transactions has many advantages: |
- EBT is integrated into a single system providing credit, debit, and check services, which does not require a specialized, government-supplied EBT terminal
- Provides EBT transaction capability in all lanes
- Supports all current forms of EBT in all active states, from food stamps and TANF to Social Security and other cash benefits
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