Citibank has struck pay dirt again in the growing field of electronic benefits transfer.

The New York bank announced last week that it had won the bidding to provide those services in six western states. Sources estimated the Citicorp subsidiary could earn upward of $120 million in fees over the life of the seven-year contract.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.