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  • Wednesday, February 9, 2011

    Washington State bill to tackle prepaid card fraud

    In January 2011, Washington State Sen. Mike Carrell, R-Lakewood, introduced a package of legislation designed to combat fraud, abuse and waste within state-run public-assistance programs. One of the bills, Senate Bill 5327, would reportedly limit the use of electronic benefits transfer (EBT) prepaid cards to locations deemed beneficial to the child of the parent receiving financial assistance.

    "There is evidence of EBT cards being used at firearm dealers, liquor stores, tattoo parlors, tobacco outlets and strip clubs," Carrell said in a statement. "These cards are supposed to be used for the benefit of children – not adults – and children are not using these cards at strip clubs or to buy alcohol. We need to make certain the funds are being used in a manner intended by taxpayers."

    A companion piece of legislation, Senate Bill 5329, would create a special investigations department within the state auditor's office to investigate fraud and abuse.

    Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.

    Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.

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