State of Arizona Renews JPMorgan Contract for Paperless Distribution of Benefit Payments

Arizona Quest Card Offers Claimants Easy, Secure Way To Receive State Assistance for Food Stamps, Other Programs

NEW YORK. - JPMorgan announced today that it has renewed its contract with the State of Arizona for the distribution of benefit payments to the more than 250,000 households currently participating in programs like food stamps and cash assistance. Utilizing JPMorgan’s electronic banking transfer services (EBT), program participants are able to access their benefits through convenient, easy-to-use debit cards. JPMorgan recently announced the renewal of similar programs with the States of Alaska and Colorado.

JPMorgan has served as the EBT contractor for the state’s Arizona Quest Card for more than a decade. JPMorgan’s EBT services enable state governments to cut the time and costs associated with the delivery of benefit payments. An alternative to expensive and cumbersome paper-based systems like checks or vouchers, debit cards reduce the significant costs of check delivery, administrative security and fraud, while enabling governments to enhance their paperless environmental initiatives.

“JPMorgan is honored to continue its partnership with the State of Arizona as we deliver efficient payment solutions designed to effectively meet the needs of its benefit claimants,” said Laurie Neill, Managing Director of Public Sector Solutions, JPMorgan.

JPMorgan is the national leader in bringing electronic banking to low-income households through debit cards. The company provides EBT and debit card services bringing Food Stamp Program and other benefits, pension and entitlement payments to approximately 11,000,000 cardholders in over 30 states and territories, the United Kingdom and South America. Each month, the company is responsible for processing over 70,000,000 transactions and handling over $2 billion in funds in the U.S., the large majority relating to government programs. For more information about JPMorgan’s Electronic Benefits Transfer solutions, go to www.jpmorgan.com/publicsector