ATLANTA, Feb. 4 /PRNewswire/ -- BUYPASS Corporation today announced the
addition of the states of Colorado, Connecticut, Illinois and Louisiana to
their electronic benefits transfer (EBT) gateway service. Illinois was
certified in the fourth quarter, and Colorado, Connecticut and Louisiana were
added February 1, 1997. With the addition of these four states, BUYPASS
provides EBT processing in 13 states: Colorado, Connecticut, Illinois,
Kansas, Louisiana, Maryland, Minnesota, New Jersey, North Dakota, South
Carolina, South Dakota, Texas and Utah. Electronic benefits transfer allows
welfare recipients to use state-issued plastic cards to access benefits --
such as food stamps -- electronically at participating supermarkets and other
retailers. BUYPASS provides transaction switching and authorization for EBT
transactions.
EBT is one of the fastest growing transaction categories at BUYPASS, with
volumes increasing over 100% year over year, and generating about 1.6 million
gateway transactions per month.
"EBT was one of our highest growth categories in 1996," said Ruth Ann
Marshall, president of BUYPASS. "We are excited to add four more states, so
that we can continue to meet our customers' needs and keep them on the leading
edge of electronic payment solutions." Marshall stated that BUYPASS expects
to add the states of Alabama, Massachusetts and Oklahoma to their EBT service
in the near future.
BUYPASS Corporation, headquartered in Atlanta, Georgia, is a major
third-party point-of-sale (POS) processor and a leading debit transaction
acquirer with annual transaction volume of over 900 million. More than one of
every ten debit POS transactions performed in the United States is processed
by BUYPASS. BUYPASS also provides gateway access to over 40 debit and credit
gateways, as well as electronic benefits transfer programs in 13 states.
BUYPASS is a subsidiary of Electronic Payment Services, Inc. (EPS), a
privately held company headquartered in Wilmington, Delaware, and a leading
electronic funds transfer (EFT) processor in the United States, with over
2 billion transactions annually. EPS is also the holding company for MONEY
ACCESS SERVICE INC., an EFT processor to the financial services industry
and operator of the MAC(R) EFT network.
SOURCE Electronic Payment Services, Inc.
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CONTACT:
Tricia L. Schafer, Public Relations Associate
of Electronic Payment Services, 302-791-8906
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