PAYING THE PIPER

Consumers may like the option of paying with plastic, but the proliferation of electronic payment systems has presented some problems for supermarkets. Not only has point-of-sale technology had to adapt to new demands, but, transaction costs for credit and debit cards place a strain on the industry's traditionally thin margins. sing activity-based costing to rationalize the cost of financial transactions.SN:

Consumers may like the option of paying with plastic, but the proliferation of electronic payment systems has presented some problems for supermarkets. Not only has point-of-sale technology had to adapt to new demands, but, transaction costs for credit and debit cards place a strain on the industry's traditionally thin margins.

Register to view the full article