Give Wal-Mart the finger !!!!!
Jan 24th 2006, 9:33 pm
#1
Pass me the Marmite..
Thread Starter
Joined: Feb 2004
Location: Atlanta, GA.
Posts: 864
Give Wal-Mart the finger !!!!!
NEW YORK (FORTUNE) - Buying groceries with the touch of a finger could be closer than you think, if new research touting the benefits of biometric payment for retail giants like Wal-Mart, Target, and Costco is anything to go by.
The report, by Sanford Bernstein analyst Emme Kozloff, found that the use of so-called "electronic wallets" reduces the potential for fraud and identity theft, speeds up the checkout process, and most importantly, lowers transaction processing fees for retailers, improving their bottom line. A 20% reduction in processing costs at big-box discounters like Wal-Mart over the next several years could result in a 3% to 4% increase in earnings per share by 2009, the report estimated. "We believe both Wal-Mart (Research) and Costco (Research) are looking at it closely," Kozloff wrote. (Both companies declined to comment.)
<SNIP READ FULL ARTICLE HERE>
http://money.cnn.com/2006/01/24/maga...rics/index.htm
I could not resist after the Wal-Mart thread last week
The report, by Sanford Bernstein analyst Emme Kozloff, found that the use of so-called "electronic wallets" reduces the potential for fraud and identity theft, speeds up the checkout process, and most importantly, lowers transaction processing fees for retailers, improving their bottom line. A 20% reduction in processing costs at big-box discounters like Wal-Mart over the next several years could result in a 3% to 4% increase in earnings per share by 2009, the report estimated. "We believe both Wal-Mart (Research) and Costco (Research) are looking at it closely," Kozloff wrote. (Both companies declined to comment.)
<SNIP READ FULL ARTICLE HERE>
http://money.cnn.com/2006/01/24/maga...rics/index.htm
I could not resist after the Wal-Mart thread last week
