MESA, Ariz. -- Megafoods Stores here plans to speed credit and debit transaction time by switching to a new processor this month.
new processor has fewer transfer points from store register to approval network.
Megafoods will also introduce a check-authorization network when it rolls out the new processor. The system will allow each store to access a centralized negative check file.
The retailer is currently pilot-testing the new processor, from SPS Payment Systems,