JPMorgan has been selected by the Western States EBT Alliance (WSEA) for the distribution of benefit payments via Electronic Benefit Transfer (EBT), direct deposit and commercial branded debit card services.
JPMorgan has been serving as EBT contractor to WSEA’s member states since 1996. WSEA has said that through the continued partnership with JPMorgan, it is able to supply EBT and debit cards that allow recipients to access their benefits and payment programs.
It has further added that JPMorgan’s EBT, debit and stored value cards reduce check delivery costs, provide security against fraud, while enabling governments to improve their paperless environmental initiatives.
Wayne Akizaki, spokesperson of WSEA, said: “Over the next five years, WSEA anticipates an unprecedented growth in the number of households served. JPMorgan presented the best value to help us continue to achieve economies of scale in volumes of transactions through tiered pricing and common system functionality with no disruption or change to the States’ current operations and no changes to the states’ EBT interfaces.”
Laurie Neill, MD of Public Sector Solutions at JPMorgan, said: “We look forward to continuing to serve WSEA and helping them to leverage new and innovative technologies that will provide improved service and/or operational savings, such as Web services, innovative marketing strategies, enhanced card technologies and card production techniques, and detection and prevention of fraud.”
