I’m Donating to Propel’s Campaign for SNAP Recipients. Here’s Why I’m Uneasy About It
Summary
A new fintech app aims to streamline financial assistance for benefits recipients, ensuring funds are allocated efficiently. This innovative solution not only simplifies the process but also enhances the user experience for those in need of support.
Key Insights
How does Propel ensure that emergency cash donations reach SNAP recipients quickly and securely?
Propel partners with GiveDirectly to identify and target SNAP recipients who are in strong financial need. Eligible families are notified directly through the Propel app, and the GiveDirectly team processes the payment. This streamlined approach leverages Propel’s existing user base and data infrastructure to ensure that funds are distributed securely and immediately to those most affected by benefit disruptions.
Is the Propel app safe for managing sensitive EBT information, and what security measures are in place?
Propel prioritizes the security of users’ EBT information by only collecting the necessary login details to connect to state portals and never requesting sensitive information like PINs. The app offers security features such as suspicious transaction monitoring, out-of-state transaction blocking, and card locking to help protect benefits from theft. However, not all security features are available in every state.
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