- Electronic Benefit Transfer - EBT
- A system that allows state governments to provide and track benefits to authorized recipients via a plastic debit card. Common benefits provided via EBT are Food Stamps and Cash benefits. Recipients receive a plastic payment card with a magnetic strip and a PIN is issued. Cash benefits include State General Assistance, TANF (Temporary Aid for Needy Families) benefits and refugee benefits.Cash and food stamp benefits are deposited into electronic benefit accounts which can be accessed using a Common Benefit Identification Card (CBIC) and Personal Identification Number (PIN). The Card can be used at EBT participating merchants and ATM machines and Point of Sale (
POS) terminals throughout the state.
As of 2008, Congress renamed the Food Stamp Program the Supplemental Nutrition Assistance Program. Electronic Benefit Transfer (EBT) has been adopted nationwide since 2004.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Electronic funds transfer — or EFT refers to the computer based systems used to perform financial transactions electronically.The term is used for a number of different concepts: * Cardholder initiated transactions, where a cardholder makes use of a payment card * Direct… … Wikipedia
Electronic Funds Transfer Act — The Electronic Funds Transfer (EFT) Act, also known as Regulation E, was implemented in the US in 1978 to establish the rights and liabilities of consumers as well as the responsibilities of all participants in EFT activities… … Wikipedia
transfer — A change of ownership from one person or party to another. Bloomberg Financial Dictionary On the London Stock Exchange, the form signed by the seller of a security authorising the company to remove his name from the register, and substitute that… … Financial and business terms
Electronic stability control — (ESC) is a computerized technology  that may potentially improve the safety of a vehicle s stability by detecting and minimizing skids. When ESC detects loss of steering control, it automatically applies the brakes to help steer the… … Wikipedia
Electronic band structure — In solid state physics, the electronic band structure (or simply band structure) of a solid describes ranges of energy that an electron is forbidden or allowed to have. It is due to the diffraction of the quantum mechanical electron waves in the… … Wikipedia
Wire transfer — or credit transfer is a method of electronic funds transfer from one person or institution (entity) to another. A wire transfer can be made from one bank account to another bank account or through a transfer of cash at a cash office. Wire… … Wikipedia
2007 UK child benefit data scandal — The 2007 UK child benefit data scandal was a data breach incident in October 2007, when two computer discs owned by Her Majesty s Revenue and Customs containing data relating to child benefit went missing. The incident was announced by the… … Wikipedia
Macedon Range Shire Council Electronic Gaming Machine Policy — The grant, transfer and addition of poker machine licenses in the State of Victoria continues to attract public interest. The Shire of Macedon Ranges Council s Electronic Gaming Machine (Pokies) Community Policy has evolved as a result of direct… … Wikipedia
Malaysian Electronic Payment System — Industry Finance Founded December, 1996 Headquarters Kuala Lumpur, Malaysia … Wikipedia
Clark Park — Clarence H. Clark Park An August 2007 performance of Romeo and Juliet by Shakespeare in Clark … Wikipedia
Magnetic stripe card — An example of the reverse side of a typical credit card: Green circle #1 labels the Magnetic stripe A magnetic stripe card is a type of card capable of storing data by modifying the magnetism of tiny iron based magnetic particles on a band of… … Wikipedia