Hot Checks Can Mean Big Cash

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00023411-hot-checks-can-mean-big-cash/

By Andy Ostmeyer, The Joplin Globe (Joplin, MO)

A steady stream of revenue for many a county prosecutor is going dry.

For years, county prosecutors have collected fees on every hot check written at Wal-Mart and every other retailer that makes it to their desks. The fees can amount to tens of thousands of dollars in some counties. But, Wal-Mart announced plans last month to go with TeleCheck Services Inc., a private national collection agency, effectively depriving prosecutors of the fees.

TeleCheck, a subsidiary of First Data Corp., will be the primary provider of check-collection services for Wal-Mart’s discount, Supercenter and Sam?s Club stores.

For this complete story, please visit Hot Checks Can Mean Big Cash.