Electronic Benefits Transfer
While most payment processing
services concentrate on credit cards and ATM machines,
UBC prefers to push the envelope and offer its customers
more than they expect. One such 'more' option is Electronic
Benefits Transfer (EBT); a system used to transfer government
benefits from a consumer's federal account to a retailer's
business account.
EBT has become the mandatory method for the distribution
of cash benefits and food stamps in the United States
which benefits you because the system is faster and easier
than paper food-stamp transactions with much less chance
for fraud.
Electronic Benefits Transfer utilizes a plastic debit
card format and can be processed through your credit card
terminal exactly like a credit card. All urban retailers
realize that the ability to accept EBT cards as a form
of payment opens your potential customer base to a market
shunned by many of your competitors.
Businesses that utilize EBT will notice improved cost
and processing time in comparison to the paper-based alternative
and will also enjoy access to this underserved market.
United Bank Card can help you incorporate EBT at your
location with processing equipment, hardware accessories
and software that is EBT-ready - FREE.
|
