Toucan’s Acquiring and Switch solution enables Electronic Benefit Transfer (EBT) across USA

Electronic benefit transfer (EBT) is a system that allows US state welfare departments to issue benefits via a magnetically encoded payment card across America. EBT reached nationwide operations in 2004 with an average monthly payout of ~$230 per participant.

EBT is an electronic system that allows a Supplemental Nutrition Assistance Program (SNAP) participant to pay for food using SNAP benefits. When a participant shops at a SNAP authorized retail store, their SNAP EBT account is debited to reimburse the store for food that was purchased.

Broadly, EBT provides two types of benefits:

Food

Food benefits are federally authorized benefits that can be used only to purchase food and non-alcoholic beverages. Food benefits are distributed through the Supplemental Nutrition Assistance Program (SNAP). SNAP was created with the intention to provide nutritional support to low-income households across the United States of America.

Cash

Cash benefits include state general assistance, Temporary Assistance for Needy Families (TANF) benefits, and refugee benefits.






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