NEW PAYMENT METHOD COULD LESSEN CHECK CHARGES

HOUSTON -- A new variation of electronic check payments that involves returning the paper check and an authorization receipt to the customer offers retailers the potential to lower their check-processing charges.In addition, such a system can provide a transition to electronic forms of payment for customers accustomed to paying for groceries by check.Nearly one-third of supermarket transactions are

HOUSTON -- A new variation of electronic check payments that involves returning the paper check and an authorization receipt to the customer offers retailers the potential to lower their check-processing charges.

In addition, such a system can provide a transition to electronic forms of payment for customers accustomed to paying for groceries by check.

Nearly one-third of supermarket transactions are check payments, according to a survey conducted by the Food Marketing Institu

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