EBT - What is it?
Electronic Benefits Transfer is an electronic payment option to expand your customer base. EBT allows a government benefit recipient to authorize the transfer of their benefits from a Federal, State, or local government account to a merchant account to pay for products and services received.
Federal, State and local governments are required to implement EBT systems to reduce the cost of benefit distribution. They are rapidly moving in the direction of making all payments electronically to:
- Eliminate paper coupons and reduce paper checks
- Reduce fraud opportunities and improve fraud detection.
- Improve the service delivery to recipients.
EBT provides the following benefits to merchants.
- Uses the same technology used for credit and debit card processing.
- Eliminates manual processing of Food Stamps.
- Fraud potential is greatly reduced.
- A new payment option to attract customers who may not have otherwise shopped in your store.
- A single source of electronic payment processing and support with a single statement.
- Accepts all QUEST cards and more.
EBT provides the following benefits to customers.
- The EBT card looks and works like any other mainstream plastic payment card.
- Check out time is faster than with paper coupons.
- The EBT card is secure and less vulnerable to theft than coupons or checks.
- EBT is convenient.
EBT uses the following hardware.
- Thales Talento
- Eclipse
- Omni 3200
- Omni 3210
- Hypercom T7 series (in development as of 08/15/02)
- Compatible or integrated PIN pad
- Compatible or integrated printer
Stellar Payments Systems is a registered ISO/MSP of BancorpSouth Bank, Tupelo MS
