Consumer Banking and Payments Law: 8.1.2 The Definition of “Electronic Benefit Transfer”
The term “electronic benefit transfer” (EBT) is confusing because it can have several different meanings, some legal, some technological, and some inconsistent with one another. This chapter generally uses the term EBT to refer to the intersection of the legal and technological definitions: EBT cards used to distribute needs-tested benefits, whether federal, state, or local. However, the precise meaning may vary and be important, depending on the laws at issue.