NCR Corp. shipped more than 1,000 of its self-checkout units to stores including Albertson's LLC, Wakefern Food Corp. and Kmart. The terminals allowed shoppers to scan, bag and pay for items. NCR reported customer usage in stores where the units were deployed to be as high as 37 percent of in-store transactions.
Wachovia National Bank and First Union Corp. penned a merger agreement combining both companies under the Wachovia Corp. name. About a week before the merger, Bank One Corp. agreed to buy the $8 billion credit card portfolio of Wachovia, moving 2.8 million customer accounts to First USA, Bank One's credit card unit.
E-Procurement Trends at Mid-Sized Companies, a study conducted by Bruskin Research on behalf of American Express Corporate Services, found that 40 percent of midsize companies in the United States were making purchases online. Of those, 44 percent paid by check, and 43 percent used a credit or company purchasing card.
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