TRADER JOE'S SATELLITE NETWORK CUTS CREDIT TRANSACTION COSTS

SOUTH PASADENA, Calif. -- Use of a satellite communications network has allowed Trader Joe's here to achieve chainwide cost savings in both its credit card transaction and settlement costs.The savings, achieved with the use of an electronic gateway processor that bundles the credit transaction information, was one factor that helped cost-justify the satellite system, according to Fred Morsheimer,

SOUTH PASADENA, Calif. -- Use of a satellite communications network has allowed Trader Joe's here to achieve chainwide cost savings in both its credit card transaction and settlement costs.

The savings, achieved with the use of an electronic gateway processor that bundles the credit transaction information, was one factor that helped cost-justify the satellite system, according to Fred Morsheimer, vice president and chief information officer at Trader Joe's. The satellite network has

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