Kroger, eFunds Renew Partnership

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Kroger, eFunds Renew Partnership

05/29/2003
CINCINNATI -- The Kroger Co., which operates 800 convenience stores and more than 2,500 convenience stores in 37 states, renewed its deal with Scottsdale, Ariz.-based eFunds Corp to provide SCAN and SCAN Online risk management services.

According to the eFunds announcement, the contract renewal will provide Kroger-owned c-stores and supermarkets with continued point of sale access to the SCAN and SCAN Online check verification services. SCAN and SCAN Online risk management services help retailers reduce costs caused by check fraud and transaction losses, and their associated payment processing and servicing costs by providing technology solutions that assist retailers in preventing bad checks from being accepted at the register.

eFunds provides electronic transaction processing, ATM solutions, risk management, professional and outsourcing services to financial institutions, electronic funds transfer networks, government agencies and retailers. The services will also be available at Kroger's Fred Meyer chain, the companies said.