e-ValuCheck and Express Scan Benefits for Grocery Store: Replace time-consuming paper check payments Use a check truncation option without expensive in-lane equipment Allow multi-channel payment option - in-lane, call center, Internet and Express Scan Enhance control and manage credit / fraud risk within your own defined guidelines Offer identity verification in conjunction with the check payment process Brand your payment option so customers come back more often Incremental sales from a simple, fast, preferred and accepted form of payment Allow consumers to choose their preferred method of payment, the paper check. Improve gross margin by as much as three quarters of one percent versus bank card costs The grocery merchant will never see, touch or deposit a paper check, while receiving automated A/R updates.
Fact: American consumers wrote more than 42 billion checks in 2001 and the number of consumer checks written is far greater than any other form of payment. The average American consumer writes checks on a daily basis for a substantial portion of their brick and mortar purchases - a fact particularly true for certain rapidly growing demographic segments