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USDA Proposes Modernization of SNAP EBT Cards to Combat Theft

1 report, 1 independent Updated Oct 23
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The U.S. Department of Agriculture is proposing a rule to modernize Supplemental Nutrition Assistance Program EBT cards to prevent skimming and card cloning. This proposal requires states to update their cards with chip and tap-to-pay technology within two years. The agency noted that at least $360 million in stolen benefits was replaced during the second quarter of fiscal year 2025.

From supermarketnews.com

Why it matters

Some supportBrind's analysis of the reports

The move aims to enhance security for SNAP transactions, addressing theft that has been a concern since 2022. The implementation is expected to cost over $280 million for the USDA, and retailers will also need to make system updates to accept the new cards.

From supermarketnews.com

Who's involved

  • CRISCOA retailer that might be required to update its systems to accept the new SNAP EBT cards.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • CRISCOSpeculative

    CRISCO might incur higher operating costs due to the requirement for system updates related to the new card technology.

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The entities involved

Coverage

Newest first; wire copies grouped