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Give Wal-Mart the finger !!!!!

Give Wal-Mart the finger !!!!!

Old Jan 24th 2006, 9:33 pm
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Default 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
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