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News Stories Wednesday, May 30, 2001   
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Virgin Megastores adopts e-receipts


Music retailer Virgin Megastores is deploying digital receipt technology provided by Crossvue, the companies announced today. Crossvue offers a service that will enable Virgin Megastores to track promotions across online and offline sales channels and to manage the success of ongoing marketing campaigns.

Virgin also will adopt a Crossvue service called eReceipts, which provides instant access to detailed transaction information via the Internet. Crossevue says eReceipts will reduce Virgin Megastores` costs associated with fraud, credit card charge-backs and disputes, while enabling sales representatives to provide better customer service.

"Crossvue`s Digital Receipt Services enable retailers not only to reduce back-office costs, but also obtain the customer insights to better tailor products and promotions to their customers` needs. As a result, Digital Receipt Services help retailers save operating expenses while at the same time optimizing promotional spending," said Aziz Valliani, CEO of Crossvue.

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