Stor.ai (formerly known as Self Point) has launched a new platform that allows retailers of all size to process digital transactions for users dependent on food stamps, the company announced Tuesday.
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As of July 2020, over 40 million Americans participated in the Supplemental Nutrition Assistance Program (SNAP), a means of supplementing the food budgets of families in need. Most ecommerce providers have typically not accepted food stamps, requiring shoppers to visit stores in-person – which is increasingly seen as a health risk in the wake of the COVID-19 pandemic, especially for elderly people or other at-risk groups.
Most SNAP payments today are made through EBT (electronic benefit transfer) payment cards. Stor.ai now enables grocers to accept split payments involving multiple payment methods, as well as automatically adding virtual tags to retailers' online interfaces displaying which items are EBT-eligible.
"Technology which enables SNAP participants to carry out their regular shopping online is a win-win scenario for grocers and low-income families alike," said Eli Yeheskel, Director of US Operations of Stor.ai.
