The electronic delivery of social service benefits has turned out to be a money-losing business, and frustration over the federally mandated program is mounting among merchants, payment processors, and state governments.

The fragile economics of electronic benefits transfer, or EBT, resonated throughout the annual conference on the subject that the Electronic Funds Transfer Association sponsored last week in Washington.

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.