TECHNOLOGY TRANSFORMS CHECK PROCESSING

When it comes to paying for their groceries, consumers still like to whip out their checkbooks. According to a study released by the Food Marketing Institute, Washington, in 2000, checks made up 33% of transactions and 51% of dollar volume in supermarkets. That's good news for retailers because, according to FMI, checks represent the highest average transaction size, $47.78, compared to $39.87 for

When it comes to paying for their groceries, consumers still like to whip out their checkbooks. According to a study released by the Food Marketing Institute, Washington, in 2000, checks made up 33% of transactions and 51% of dollar volume in supermarkets. That's good news for retailers because, according to FMI, checks represent the highest average transaction size, $47.78, compared to $39.87 for credit/off-line debit cards, the second-highest. Moreover, checks cost an average of 36 cents pe

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