Over 45 million low-income Americans receive and use monthly benefits to buy produce and other healthy food at grocery retailers and farmers markets, yet advancements in the $70 billion electronic benefit transfer (EBT) payments space has largely been overlooked by POS providers. While large supermarket chains integrate EBT payments into their general checkout process, smaller merchants accepting SNAP (formerly known as food stamps) or WIC supplemental nutrition cards often maintain one or more separate payment terminals, because of EBT’s unique requirements.
In this byline published in PaymentsJournal, a leading source of all payments news, Novo Dia Group Founder and President Josh Wiles writes about the long-awaited payments modernization finally making its way to EBT, giving consumers and small merchants a much needed upgrade.