You are here
MINNEAPOLIS - Solutran, a provider of payment processing services, announced today that it has been selected by The Kroger Co. to provide comprehensive returned check management services.
"Retail companies across the country are adopting new technologies to enhance their returned check and risk management systems," said Solutran president and CEO, Joseph Keller. "Solutran's systems are built on the backbone of the banking system and are delivering significant savings, improving cash flow, and helping corporations generate new revenue."
Emerging conversion technology has caused a fundamental shift in the payments industry and is changing how checks get collected. Retailers are considering services such as returns consolidation, RCK and service fee recovery significantly to reduce the number of checks going to collections and improve their cash flow.