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WAL-MART SELECTS SOLUTRAN FOR RETURN CHECK MANAGEMENT

 

 

Minneapolis – (November 7, 2005) – Wal-Mart Stores, Inc. has chosen treasury provider Solutran® for its returned check processing services. Under terms of the agreement, Solutran will handle returned check consolidation (RCC), electronic check re-presentment (RCK), and service fee recovery services for all Sam's Club and a significant number of Wal-Mart locations.

 

"We were looking for a vendor that could provide a complete returned check processing solution and had an obvious commitment to delivering a high-level of customer service," said Becky Garrett, Wal-Mart Director of Financial Operations. "We chose Solutran because of their ability to speed up the flow of return check information resulting in reduced check losses and an improved customer experience."

 

About Wal-Mart Stores, Inc.

Wal-Mart Stores, Inc. operates Wal-Mart Stores, Supercenters, Neighborhood Markets, and Sam's Club locations in the United States. Internationally, the company operates in Argentina, Brazil, Canada, China, Germany, Japan, Mexico, Puerto Rico, South Korea, and the United Kingdom. The company's securities are listed on the New York and Pacific stock exchanges under the symbol WMT. More information about Wal-Mart can be found by visiting www.walmartfacts.com. Online merchandise sales are available at www.walmart.com.

 

About Solutran

For over 20 years, Solutran has provided a full range of treasury management solutions to corporations and financial institutions. Solutran’s customized solutions span the payment spectrum, from paper check processing and conversion to fully electronic payment processing. Services offered include depository processing, accounts receivable truncation, controlled disbursement services, and returned check management and conversion services. Headquartered in Minneapolis, Solutran maintains relationships with ten affiliate processing centers across the United States and Canada. For more information, visit Solutran’s website at www.solutran.com or call 888.SOLUTRAN (888.765.8872).

 

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