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Evaluation of the application of Regulation E to EBT systems : preliminary findings

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The Electronic Funds Transfer Act governs the operations of commercial debit card networks. Regulation E establishes a framework of legal rights and responsibilities for card issuers and card holders in electronic fund transfer systems. EBT systems delivering direct federal payments have been operating under Regulation E for several years. These systems serve clients without existing bank accounts by establishing client-owned accounts with a financial institution that serves as the EBT vendor. EBT systems also deliver cash assistance or food stamp benefits. This report focuses on the concern of program administrators that Reg E will increase EBT operating costs, making it no longer a cost-effective alternative to issuing paper checks and food stamp coupons.
Kirlin, John A. , United States Dept. of Agriculture. Food and Consumer Service. Office of Analysis and Evaluation. , Abt Associates
Electronic funds transfers , United States , Electronic benefits transfers , Banks and banking , cost analysis , operating costs , banking , laws and regulations , Supplemental Nutrition Assistance Program
26 p. : ill. ; 28 cm.
"Prepared for Carol Olander, U.S. Department of Agriculture, Food and Consumer Service, Office of Analysis and Evaluation; prepared by Abt Associates Inc."
U.S. Dept. of Agriculture, Food and Consumer Service, Office of Analysis and Evaluation
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