[Chase Paymentech] What is Electronic Benefits Transfer (EBT)?

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chase-faq

(Dmitry Fedyuk) #1

EBT is the automation of cash or cash-like benefits through electronic authorization, data capture and settlement processes.
This is accomplished with the use of plastic, magnetic-striped cards at the point-of-sale.
The end result is the elimination of coupon benefits distribution.
The electronic process results in increased security, thereby reducing fraud and benefit misuse.

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