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Fujitsu Transaction Solutions Inc.


StoreNext to provide electronic check conversion for independent grocers

ECC to combine with ISS45 system to reduce costs for check processing, handling


San Francisco, CA, February 27, 2004 — Independent grocers can now benefit from reduced check-processing costs and greater security against check fraud using ISS45's new electronic check conversion (ECC) system from StoreNext Retail Technologies LLC.

The system, announced today, is being shown at the Food Marketing Institute's (FMI) annual Marketechnics Show, Feb. 29-March 2 at the Moscone Convention Center in San Francisco.

The ECC offering integrates StoreNext's ISS45 point-of-sale (POS) platform with Epson's TranScan check imaging printer and electronic payment software and services from Ingenico S.A.

"Independent grocers have higher check-processing fees and don't have the economies-of-scale of larger chains," said Ray Carlin, president and CEO of Plano, Texas-based StoreNext. "This gives independents a particularly substantial return on investment (ROI) from our ECC offering. Not only does ECC eliminate a big portion of check-processing overhead, but the grocer also receives their funds on the second business day rather than two weeks down the line."

The ECC system incorporates the ability to capture an electronic image of the shopper's check via the Epson TransScan's digital imaging technology. StoreNext's ISS45 software provides the system transaction flow and management application, allowing storage and easy retrieval of the image from ISS45's electronic journal or a central collection center.

According to the 2001 FMI Activity-based Cost Study of Retail Payments, checks account for the second most frequent type of supermarket transactions. Industry studies indicate that ECC can reduce check processing and handling costs by $0.12 - $0.35 per check while reducing check processing time at the register by as much as 50 percent.

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Connected Services is a trademark of StoreNext Retail Technologies LLC.

For sales and product information call (469) 241-8400.


About StoreNext

StoreNext Retail Technologies LLC is the No. 1 supplier of retail technology to independent grocers and small chains. Based in Plano, Texas, StoreNext is a joint venture of Retalix Ltd. (NASDAQ: RTLX) and Fujitsu Transaction Solutions Inc. and markets Fujitsu POS hardware, Retalix's ISS45 POS software and Internet Connected Services for managing stores via Web-enabled applications. StoreNext is the only retail IT company focused exclusively on meeting the needs of this wholesaler-served market with packaged solutions that were previously available, affordable or practical only for large chains.
For more information, please see: www.storenext.com

About Fujitsu Transaction Solutions Inc.

Fujitsu Transaction Solutions Inc. is a wholly owned subsidiary of Fujitsu Limited (TSE: 6702) and the IT "lifecycle solutions" provider for consumer transaction environments. The company collaborates with customers to relentlessly reduce their costs and improve their profitability. Fujitsu's offerings include multi-vendor infrastructure management services, point-of-sale hardware and software, mobile devices and self service systems including U-Scan. The company has some 1,500 employees in the U.S., Canada and the Caribbean. Example customers include Canadian Tire, ChevronTexaco, Hannaford Bros., H.EB., Loblaws, Nordstrom, Payless ShoeSource, Regal Cinema, Ross Dress for Less, Staples, Stop & Shop and The TJX Companies, among others. The company also has a 50/50 joint venture with Retalix Ltd. (NASDAQ: RTLX) in StoreNext Retail Technologies LLC, the No. 1 supplier of retail technology to independent grocers and regional chains.
For more information, please see: us.fujitsu.com/retailing


Press Contacts

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Tel: (214) 521-8596 x230
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