(a) A retailer or third-party processor must have a bank account with a federally insured financial institution capable of accepting credits and debits in the Automated Clearing House Network (ACH) format.
(b) A retailer management EBT contractor transfers the reimbursement for Electronic Benefit Transfer transactions into the third-party processor's bank account for reimbursement to the retailer's bank account.

Source Note: The provisions of this §372.1711 adopted to be effective September 1, 2009, 34 TexReg 5361