ELECTRONIC SYSTEM CUTS CHECK LOSSES, BANK FEES

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.

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.

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