OAKLAND, Calif. -- Piedmont Grocery Co. here is significantly reducing both its check losses and check-processing costs with the use of an electronic check-acceptance program. "We are now collecting almost 95% of all returned checks, whether it is through second submissions or the fact that electronic transactions get payment 'seniority' over paper items," said David Larson, president of Piedmont. "In addition, we have reduced our returned checks by at least 60%." The electronic ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.