This post is part of our live coverage of FinovateSpring 2015.
Knox Payments, an ACH-based payments company, is introducing two new innovations: Knox Assured and Knox Verified.
Knox Payments is a payments and security service that allows merchants to conduct ACH payments. These are transactions wherein customers can pay directly to merchants using their bank accounts. What differentiates the service from its competitors is its primary focus on speed. In addition, Knox Payments does not offer user accounts, and simply functions as a tool for fast online checkouts.
Presenters: Thomas Eide, CEO and founder, and Julius Gartner, director of business development
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms
HQ: San Francisco, California