| A government-funded program distributing Food Stamps
and cash benefits under the Aid to Families with Dependent
Children (AFDC) program via direct payment cards. These
cards can be used at either ATMs or POS devices, just
like a debit card, at merchant locations for purchases.
How Does It work?
Transactions are authorized electronically as long as
funds are available on the recipient's cards. When the
funds are depleted, transactions are declined until
funds are replenished. The benefits of Electronic Benefits
Transfer are speed of the transaction, customer convenience,
quicker settlement and increased profitability.
close window
|