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Article: LML'S Successful Electronic Check Recovery Program Encourages National Retailer to Add an Additional 267 Stores, Bringing Total Number of Stores To 1,027; Utilization of LML's Electronic Check Re-Presentment Program Paying Dividends For National Retailer.
- Article from:
- PR Newswire
- Article date:
- January 31, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, British Columbia -- LML Payment Systems Inc. (the "Corporation") is pleased to announce that national retailer JCPenney has migrated an additional 267 stores to LML's electronic check re-presentment and recovery program, increasing total participation to 1,027 stores.
"We have been electronically re-presenting checks for many of our clients for some time now. We are happy to say that electronically re-presenting checks has resulted in recovery improvement, in some cases, of over 55% for large and small clients alike. In addition to improving check processing efficiencies, these programs allow our clients to benefit from improved check recovery ...