The Colorado Department of Human Services has completed contract negotiations with Citibank EBT Services for $500 million a year in electronic benefits transfers for public assistance recipients.

The contract, which will run through June 30, 2003, will pay the Citicorp unit about $3.2 million to develop a magnetic-stripe card system.

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.