WHOLESALERS CREATE FIRM TO LOWER EFT PROCESS FEES

SEATTLE -- Seeking to cut costs of handling credit, debit and electronic benefits transfer transactions, two major wholesalers have joined forces to create a new company that promises to offer electronic funds transfer processing at lower rates than otherwise available on the market.Beta testing is scheduled to begin this week and by February some $10 million in weekly transactions are projected to

SEATTLE -- Seeking to cut costs of handling credit, debit and electronic benefits transfer transactions, two major wholesalers have joined forces to create a new company that promises to offer electronic funds transfer processing at lower rates than otherwise available on the market.

Beta testing is scheduled to begin this week and by February some $10 million in weekly transactions are projected to be running through the financial switch developed by the newly formed Supermarket Tran

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