MILWAUKEE, March 8 /PRNewswire/ — IOS learned today that it has been charged in Milwaukee, Wisconsin with regard to certain aspects of its funded coupon division only. The processing of billions of coupons for 40,000 retailers each year is a highly complex business in which IOS has long been an industry leader.
IOS has always operated with integrity to ensure that its customers, big and small, are paid fairly for the coupons they accept and that all manufacturers and other business partners are treated fairly. In fact, in more than 40 years in the business, and after repeated audits of its processes by manufacturers, IOS has never even been sued with respect to its coupon invoicing or billing procedures.
There has long been an industry dispute regarding coupon processing between certain manufacturers’ agents and retailers, especially independent grocers. IOS has stood with those small grocers and plans to vigorously defend against these charges.
