Combating Credit Fees

Mastroberte, Tammy
May 2006
Convenience Store News;5/29/2006, Vol. 42 Issue 7, p102
Trade Publication
The article reports that Englefield Oil Co. is using biometric technology to tackle the high-price of offering credit and debit. As credit and debit processing fees continue to cut into profits Englefield Oil, operating 100 Duke and Duchess Shoppes, decided to offer a Biopay's biometric payment solution as an alternative for customers and is saving money on the deal. Instead of paying a percentage of each transaction, the company pays a flat fee. Jason Collins, information technology manager at Englefield Oil said that it was cheaper than credit and debit cards.


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