CVS to install electronic payment terminals

Woonsocket-based CVS Corp. plans to install more than 4,000 Hypercom Corp. card-payment terminals in more than 450 new stores.

CVS plans to use the terminals in the first quarter of 2002, after initial field tests are completed.

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The terminals will be able to perform a number of electronic payment functions, including processing of debit, credit, EBT and gift cards. It will also offer electronic signature, and receipt display, and on-screen advertising.

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