Around one-third of recipients of government Social Security, retirement, unemployment, food stamps, Aid to Families with Dependent Children, and other benefit programs do not have a bank account. Electronic benefit transfer (EBT) allows such recipients to obtain benefits electronically through ATM and debit card terminals, rather than by checks or food stamps. In so doing, EBT should lower costs and may double or triple the number of debit card transactions, hastening the replacement of checks by electronic payments.
Our Research Focus: Payments and Policy
To receive a notification by email when Economic Quarterly is posted online or to order single copies of past issues, click on the links below (published online only since 2012).