This service, which eliminates cardboard checks, is additionally actuality continued on a autonomous base to unemployment advantage recipients, authoritative Arizona the aboriginal accompaniment to amalgamate these payments in a distinct debit card, which can be acclimated for purchases at merchants and at ATMs.
“I’m aflame about the new Arizona Cyberbanking Acquittal Card,” said Arizona Governor Janet Napolitano. “I durably accept this will enhance casework to participants in state-administered programs by accouterment them with payments in a faster, safer, and added acceptable and able manner, and will abate costs and authoritative efforts.”
Governor Napolitano afresh active into law binding cyberbanking acquittal requirements for all adolescent abutment payments. The accompaniment has amorphous transitioning parents accepting abutment payments to either absolute drop or the afresh alien cyberbanking acquittal cards.
Acquittal recipients who do not accept a coffer annual will accept an Arizona Cyberbanking Acquittal Agenda issued by JPMorgan Chase. The Department of Economic Security will bear payments automatically into the participant’s FDIC-insured Chase coffer account.
“We are admiring to participate in this important affairs allowance adolescent abutment recipients, as able-bodied as the state,” said Paul Simpson, Trade, E-Payables and Agenda Casework Business Executive for the Treasury Casework assemblage of JPMorgan Chase. “As a baton in cyberbanking payments, JPMorgan Chase is demography the advance in allowance accessible area audience advance boilerplate bazaar technologies, articles and casework for the annual of their agencies and the taxpayers.”
The Arizona Cyberbanking Acquittal Agenda offers several acceptable appearance to cardholders, including 24-hour admission to banknote at added than 900,000 ATMs common and the adeptness to accomplish purchases anywhere the Visa debit logo is displayed. The cards are adequate by a claimed identification cardinal (PIN), but may additionally be acclimated for signature-based purchases at Visa retail locations, area a PIN is not required. Cardholders will be able to admission their funds on the day the funds are deposited, eliminating apropos about mail delays, absent or baseborn checks or award locations or advantageous fees to get their checks cashed. Because there is no acclaim issued, an Arizona Cyberbanking Acquittal Agenda annual can be opened after the acclaim checks and assets analysis that are generally appropriate by banks. Anyone accepting these state-administered payments is acceptable to accept an Arizona Cyberbanking Acquittal Card, behindhand of acclaim history.
Overdrafts are additionally not a concern, back cardholders will be bound to purchasing or abandoning alone up to the bulk on drop at the time of a transaction. Cardholders will accept annual annual statements, toll-free blast chump annual support, and will accept admission to annual advice and chump casework through a defended JPMorgan Chase Web site.
Agenda annual processing will be provided by JPMorgan Chase subsidiary, JPMorgan Cyberbanking Cyberbanking Services, Inc. (JPMorgan EFS), which additionally holds the state’s Cyberbanking Annual Transfer (EBT) arrangement for Food Stamp allowances and accessible assistance. EBT has replaced Food Stamps civic and accessible abetment checks in best states, including Arizona, with debit cards.
JPMorgan EFS is a arch bell-ringer of government debit agenda and EBT casework with projects in about 35 states and territories, the United Kingdom and South America. Allowances and payments that JPMorgan EFS makes accessible through its debit agenda casework and EBT programs accommodate adolescent abutment payments, unemployment advantage payments, USDA Food Stamp affairs benefits, accompaniment banknote allowances (TANF, accepted assistance), Social Security Annuities and Supplemental Security Income, adolescent affliction payments, job training time and attendance, Medicaid accommodation verification, Women And Infant Children (WIC) diet allowances and amount distribution. The aggregation is amenable for processing about 60,000,000 affairs and administration about $2 billion in funds in the U.S. anniversary month, the ample majority of which relates to authoritative abetment programs.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a arch all-around cyberbanking casework close with assets of $1.2 abundance and operations in added than 50 countries. The close is a baton in advance banking, cyberbanking casework for consumers and businesses, cyberbanking transaction processing, asset and abundance management, and clandestine equity. The Treasury Casework (www.jpmorganchase.com/ts) business of JPMorgan Chase is a top-ranked, full-service provider of avant-garde payment, collection, clamminess and advance management, barter finance, bartering agenda and advice solutions to corporations, cyberbanking casework institutions, average bazaar companies, baby businesses, governments and municipalities worldwide. With added than 50,000 audience and a attendance in 36 countries, JPMorgan Chase Treasury Casework is the world’s better provider of treasury administration services. Advice about the close is accessible at www.jpmorganchase.com.
JPMorgan Chase & Co.John Johmann, 212-552-9377orMary Jane Rogers, 602-221-4878orArizona Department of Economic Security Liz Barker, 602-542-4296
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