ELECTRONIC PAYMENTS GAINING, STUDY SHOWS

TAMPA, Fla. -- Retailers are installing electronic payment systems at record rates, even though it costs substantially more to process a debit or credit card transaction than it does to accept cash.That's because the benefits of electronic payment systems are multifold, including increased transaction speed, higher sales, enhanced customer service and reduced check losses, according to the findings

TAMPA, Fla. -- Retailers are installing electronic payment systems at record rates, even though it costs substantially more to process a debit or credit card transaction than it does to accept cash.

That's because the benefits of electronic payment systems are multifold, including increased transaction speed, higher sales, enhanced customer service and reduced check losses, according to the findings of a study titled "Benchmarking Comparative Payment Methods -- Costs and Case Studies.

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