FMI OPENS INITIATIVE TO REDUCE ELECTRONIC PAYMENTS COSTS

WASHINGTON -- The Food Marketing Institute here launched a new initiative designed to stabilize or reduce the supermarket industry's cost of accepting electronic payments.The EPS Network Services Plan will explore volume-bidding opportunities with financial institutions as a means to lower payment-processing costs for participating members, as well as developing an Efficient Consumer Response strategy

WASHINGTON -- The Food Marketing Institute here launched a new initiative designed to stabilize or reduce the supermarket industry's cost of accepting electronic payments.

The EPS Network Services Plan will explore volume-bidding opportunities with financial institutions as a means to lower payment-processing costs for participating members, as well as developing an Efficient Consumer Response strategy to help members and financial institutions eliminate unnecessary costs from the tra

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