Magazine article American Banker

Processor Joins Vendor to Push Debit Systems

Magazine article American Banker

Processor Joins Vendor to Push Debit Systems

Article excerpt

ONE OF THE COUNTRY's largest merchant processors has teamed with an equipment supplier to serve retailers with multilane checkout configurations.

Card Establishment Services of Melville, N.Y., and National Transaction Network of Hudson, Mass., are offering the product to help high-volume merchant locations accept debit card payments.

The system also handles checks and credit, travel and entertainment, and private label cards. It will be available this quarter.

A Major Issue

"Debit has become a major issue," said John Elliott, CES chairman and chief executive. "What we did here was to come up with how the debit card can be supported for larger merchants who work in a multilane environment."

Typically, a supermarket or other customer will put a payment terminal beside its electronic cash register, or will integrate the payment processing into the checkout system that is controlled from a back room.

Each of the "stand-beside" terminals will have a separate printer, whereas the integrated system, which requires more software, will use the cash register's receipt printer.

This choice allows merchants with older registers to consolidate their payment systems -- using the stand-beside model -- as easily as other merchants, according to Paul Siegenthaler, NTN's executive vice president.

Whereas payment-system growth in multilane stores had been focused primarily in the supermarket arena, the CES-NTN product is targeted at department stores, deep discounters, and other mass merchandisers, according to Mr. …

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