Paymentech announced it has integrated electronic benefits transfer processing into its software.
With the new feature, Paymentech clients will be able to process food stamps and cash benefits when cards are presented by aid recipients.
Recipients often deal with "smaller independent locations using a terminal-based product instead of multilane platforms," said Mary Dees, group executive for third-party processing at Paymentech.
Paymentech was the third-largest merchant bank credit card processor nationwide in 1997, according to The Nilson Report, with $45 billion in volume. Paymentech's EBT processing is now available on its Verifone 380 terminal software.