Combining the security and convenience of checks with the reduced costs of avoiding bankcard interchange fees is the goal behind VerifyValid’s Mobile Checkbook app, now available for download at the Apple App Store.
The new app makes it easy for small businesses and their customers to write, sign, receive and deposit electronic checks (“eChecks”) using their iPhone, iPad, or other iOS-powered device. All that is required to send someone an eCheck is the recipient’s email address, and new VerifyVaild customers can begin using the service by way of a free, 5-check, “starter” checkbook.
“While consumers gain the freedom to pay for goods and services directly through the app, our business customers experience greater convenience in accepting payments anytime, anywhere, without incurring costly interchange fees associated with card transactions.”
- Remote authorization for review and signing of checks over cellular of Wi-Fi network.
- eLockbox where users can access and print received eChecks, as well as deposit payments into their bank accounts
- Full validation of check authenticity
“Based on growing instances of card network breaches, we saw a definite need for an advanced payment solution that builds upon traditional check payments to better serve and protect businesses and their customers.”