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SCOTTSDALE, Ariz. -- eFunds Corporation, a provider of risk management, EFT, ATM and outsourcing solutions, through its wholly-owned subsidiary Deposit Payment Protection Services, Inc. today announced the renewal of its agreement to provide SCAN and SCAN Online risk management services to stores owned by The Kroger Co.
The contract renewal will provide Kroger-owned stores with continued point of sale access to the SCAN and SCAN Online check verification services, helping them to reduce losses caused by consumer transactions that may be fraudulent or that have unacceptable payment risk.
SCAN and SCAN Online risk management services help retailers to significantly 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.
"Kroger has a long history of providing superior value and service to their customers and eFunds is pleased to be a part of helping the company maintain their market leadership by providing the data and services they need to make informed choices about transaction risks," said Rahul Gupta, s.v.p. of eFunds Risk Management Solutions. "We look forward to a continued partnership with Kroger and are committed to supporting their business with industry-leading check authorization resources."