SOURCE: Balance Innovations, LLC

Balance Innovations, LLC

January 09, 2011 09:00 ET

Balls Food Stores, Inc. Installs Balance Innovations' vbEPIX

LENEXA, KS--(Marketwire - January 9, 2011) - National Retail Federation (NRF) 100th Annual Convention & Expo, Balance Innovations Booth #359/Epson Booth #101 -- Balls Food Stores has selected the vbEPIX™ electronic check processing solution by Balance Innovations®, packaged with Epson's award-winning CaptureOne™ check scanner, to improve its check processing. Balls Food chose the solution because it provides a faster, easier method for the retailer's stores to deposit checks, resulting in labor savings.

"vbEPIX and the CaptureOne have made a tremendous impact on how we handle checks," said Mike Beal, chief financial officer for Balls Food. "The solution is easy for our teammates to use and is a seamless, simple process for converting all check types."

Balls Food has been using Balance Innovations' VeriBalance cash office management solution for several years. vbEPIX integrates with VeriBalance and the store point of sale (POS) system to reconcile, at the check level, customer check images with the POS. Store bookkeepers simply image all the checks with Epson's CaptureOne Single-Feed check scanner as part of the VeriBalance till balance process, and check data and images are transmitted electronically and automatically for processing. Checks no longer need to be physically transported to the bank.

"Epson's CaptureOne scans the checks clearly and precisely, producing accurate, easy-to-view images in the vbEPIX portal," said Shelley Bosler, vice president of product management for Balance Innovations. "The high-quality images are why we selected and certified it for use with vbEPIX."

"Balls Food has been our partner for many years, and it's our privilege to provide them with solutions to improve their cash office operations," Bosler said. "They are a respected independent retailer, and we value their innovation and drive to adopt new technology."

With vbEPIX, retailers can eliminate traditional check encoding and ten-key functions along with the associated errors. The solution ensures that the retailer's deposit is correct before it reaches the bank. Once a check has been imaged, vbEPIX determines the most cost-effective way to process the transaction and sends it through the appropriate network for clearing. vbEPIX allows retailers to process all check types -- including personal, WIC, and payroll -- electronically through one method.

About Balls Food Stores, Inc.
Balls Food Stores, Inc. operates 29 stores in the Kansas City metropolitan area under the Hen House and Balls Price Chopper names. Founded in 1923, the company employs more than 4,000 teammates. For more information about Balls Food, please visit www.henhouse.com.

About Epson America, Inc.
Epson is one of the world's leading manufacturers of highly reliable point-of-service technology, including printers, precision printing mechanisms and digital image scanners. Epson offers a wide range of printing and check imaging solutions that feature innovative technology and functionality to increase productivity, improve customer satisfaction and reduce costs. Founded in 1975 and headquartered in Long Beach, CA, Epson America, Inc. is the U.S. affiliate of Japan-based Seiko Epson Corporation, a global manufacturer and supplier of high-quality technology products that meet customer demands for increased functionality, compactness, systems integration and energy efficiency. The Seiko Epson organization is proud of its ongoing contributions to the global environment and for the second year in a row is part of the Dow Jones Sustainability World Index, an indicator for leading companies in economic, environmental and social criteria. For more information, please visit www.pos.epson.com/financial.

About Balance Innovations
Balance Innovations is the leading developer of reconciliation and cash office management solutions for the retail industry. Our leading-edge, customizable solutions integrate seamlessly with existing POS technologies to simplify and improve retailers' cash office management operations. Balance Innovations' premier product, VeriBalance, is a patented, easy-to-use software solution that is helping retailers across the United States and Canada increase profitability and improve operations by reducing labor, bank fees and shrink while standardizing and enforcing best practices and corporate policies. Other products include: vbEPIX, an electronic check processing solution; vbForecast, a cash forecasting product; and vbScout, a self-checkout management tool. Customers range from independent grocers to Fortune 50 retailers. For more information, visit www.balanceinnovations.com.

Epson is a registered trademark of Seiko Epson Corporation. CaptureOne is a trademark of Epson America, Inc. All other trademarks and/or registered trademarks are property of their respective owners.

vbEPIX is a trademark and VeriBalance is a registered trademark of Balance Innovations, LLC.

Contact Information

  • Contact:
    Kerri Holtzman
    Director of Marketing
    913-599-1177