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TeachMeFinance.com - explain Electronic benefit transfer (EBT) systems Electronic benefit transfer (EBT) systems The term 'Electronic benefit transfer (EBT) systems ' as it applies to the area of agriculture can be defined as ' Under an EBT system, recipients are issued an 'ATM-like' card and a 'personal identification number' (PIN) instead of food stamp coupons. They access their food stamp benefits when purchasing food by using the card at an approved retailer: 'swiping' the card through a point-of-sale terminal and entering their PIN. This electronically debits a 'food stamp account' maintained for them (and is replenished monthly) and credits the retailer with the purchase amount. States are permitted to issue food stamp benefits through EBT systems, and, unless a waiver is granted, must use EBT systems by 2002'. Previous 5 Terms: electrometer Electromotive force (EMF) electromyograph Electron electron Next 5 Terms: Electronic Commerce Electronic Data Interchange Electronic Healthcare Network Accreditation Commission Electronic Media Claims Electronic Media Questionnaire About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.