FinovateFall 2013 / Deluxe & VerifyValid
Presenter Profile:
How they describe themselves: Deluxe Corp. provides business products and online marketing services for small businesses and FIs. The partnership between Deluxe and VerifyValid will soon introduce secure electronic check payments to the 4M small business and 5,700 bank customers currently served by Deluxe. Using an unprecedented secure platform and patented fraud prevention, VerifyValid can lower an organization’s costs while increasing efficiency, sustainability, and financial security with every payment.
How they describe their product/innovation: VerifyValid lets customers make/receive check payments entirely online, utilizing virtual lockbox and remote deposit capture systems, or by printing checks on plain paper.
Product Distribution Strategy: In presenting VerifyValid to its customer base, Deluxe will employ a multi-channel strategy, including printed and electronic marketing, a direct sales force, FI and telecommunication client referrals, purchased search results from online search engines,
Contacts:
Bus. Dev.: Patrick Lethert, VerifyValid, patrick.lethert@verifyvalid.com, 651-755-2884
Press: Ryan McCormick, Deluxe PR, ryan.mccormick@porternovelli.com, 312-552-6316
Brian Burch, VerifyValid PR, brianburch@gmail.com, 616-828-9813
Sales: Todd Tracey, VerifyValid, todd.tracey@verifyvalid.com, 616-822-9666
Website: deluxe.com | verifyvalid.com
Twitter: @deluxecorp | @VerifyValid
HQ Location: Deluxe Corp. – Shoreview, MN; VerifyValid – Grand Rapids, MI
Founded: Deluxe Corp. – 1915; VerifyValid – 2010
Product Demoed: Joint demo of VerifyValid
Partnership Launch: July 2013
Presenter(s): Paul Doyle (CEO & Founder, VerifyValid),
Malcolm McRoberts (SVP Small Business Services, Deluxe)
- Key Executives
Deluxe – Lee Schram (CEO), Malcolm McRoberts (SVP), & Terry Peterson (CFO). VerifyValid – Paul Doyle (CEO), Dean Tribble (CTO), Todd Tracey (VP Sales), Steve Sprindis (CFO), & Patrick Lethert (VP Special Projects & Bus. Dev.)
Key Stats
- Key Board Members
Deluxe – deluxe.com/investors. VerifyValid – John Tomaszewski, Edward P Gibson JD, Donald R. Hollis, David LaFalce, Kevin Walker, Jim Treleaven, Bill Noakes, Sonya Sigler, Richard Sweeney, J David Quilter, Peter Kuper, Bruce Moulton, Kenneth McHugh, Kevin Han, Ed Niehaus, James Ransome PhD, Linda Chamberlain PhD, Paul Mudde PhD, Scott Brew, Eric Cook, & Erik Loehfelm
- Key Advisory Board Members
Deluxe – deluxe.com/investors. VerifyValid – John Tomaszewski, Edward P Gibson JD, Donald R. Hollis, David LaFalce, Kevin Walker, Jim Treleaven, Bill Noakes, Sonya Sigler, Richard Sweeney, J David Quilter, Peter Kuper, Bruce Moulton, Kenneth McHugh, Kevin Han, Ed Niehaus, James Ransome PhD, Linda Chamberlain PhD, Paul Mudde PhD, Scott Brew, Eric Cook, & Erik Loehfelm
- Key Investors
Deluxe – See 2012 annual report at deluxe.com/investors. VerifyValid – Michigan Bankers Association, Michigan Retailer Association, & Deluxe Corporation
- Key Partnerships
Deluxe – See 2012 annual report at deluxe.com/investors. VerifyValid – Michigan Bankers Association, Michigan Retailer Association, & Deluxe Corporation
- Key Customers
VerifyValid – Amway & Grand Valley State University