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Article: EBT/EFT Education Consortium Announces Electronic Transfer Of Benefits Is Already Here Or Fast Approaching For Many Consumers
- Article from:
- PR Newswire
- Article date:
- August 10, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, Aug. 10 /PRNewswire/ -- The EBT/EFT Education Consortium today issued the following:
A new resource is now available to individuals and organizations that work with federal and state benefit recipients. Under a new federal law, most recipients of federal payments, such as Social Security, veterans or disabled benefits and pensions, will receive their benefits electronically instead of through paper checks. The U.S. Department of the Treasury recently announced key provisions of regulations implementing this change. By summer's end, Treasury has promised to issue final rules on waivers from the electronic deposit requirement as well as final rules on ...
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