Retailers are pursuing new options like back-office check conversion and debit/loyalty cards to ease the burden of payment-processing costs
The food retailing industry is expending considerable resources — in a major lawsuit and legislative action — to force the major credit card brands to reduce the interchange fees retailers are obliged to pay when consumers pay with credit or debit cards. While those efforts may eventually bear fruit, individual retailers are also looking for other ways to bring their payment processing costs under control. Fortunately, in recent months a few areas have emerged that offer some cost relief. ...
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