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Table of Contents

Lead Story

Bundle services, capture merchants


Industry Update

MasterCard, Visa form payment security group

Chicago's Ventra Card program back on track

Mt. Gox, Pony and other bitcoin troubles


Large financial institutions choose mass card reissues in wake of Target breach

Casey Merolla
First Annapolis Consulting

'Surround sound' marketing


Checks can still rival cards

Patti Murphy
ProScribes Inc.


Street SmartsSM:
Lean in, sign on, step out

Dale S. Laszig
DSL Direct LLC

Which sales model is right for you? – Part 2

Aaron Nasseh
Prudential Payment Systems Inc

The value-add value proposition

Cynthia Bailey
The Idea People LLC

Georgia's Merchant Acquirer Limited Purpose Bank Act

Tyler B. Dempsey and
Brendan J. Thomas
Troutman Sanders LLP

Company Profile

The Formula

New Products

SMB cloud collaboration

Sage 100 ERP 2014
Sage North America

Check is in the email

Mobile Checkbook
VerifyValid LLC


Give yourself a tune-up


Resource Guide


A Bigger Thing

The Green Sheet Online Edition

March 24, 2014  •  Issue 14:03:02

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New Products

Check is in the email

Product: Mobile Checkbook

VerifyValid LLC, a company best known for giving paper checks an online makeover, recently launched the next step in electronic checks with the release of a new Mobile Checkbook app. Now consumers and businesses can send and receive electronic checks via Apple Inc. iPhone and other iOS mobile devices. Ideal for smaller businesses or anyone who accepts payments in the field, the app offers the security and convenience of check payments, without the added expense of interchange fees, VerifyValid stated.

"While consumers gain the freedom to pay for goods and services directly through the Mobile Checkbook app, our business customers experience greater convenience in accepting payments anytime, anywhere without incurring costly interchange fees associated with card transactions," said Paul Doyle, founder and Chief Executive Officer of VerifyValid.

Because the app operates on an open network, consumers and businesses are able to send e-checks to anyone with a valid email address, VerifyValid noted. The app allows users to write, approve, sign, receive and deposit check payments through iOS devices.

For new customers, VerifyValid is offering a free starter checkbook. "With our free starter checkbook, users can see the power and convenience of eCheck firsthand," Doyle stated. Once an account is opened, VerifyValid users have access to their own free eLockbox, where they can view and print electronic e-checks received and deposit payments directly into checking accounts at participating financial institutions.

Originally built on a fraud prevention platform, VerifyValid said check authenticity can be fully validated. According to the company, users can confirm that a check was issued from an authenticated account and has not been changed or altered in any way, a process that mitigates item representment.

"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 service and protect businesses and their customers," Doyle noted. VerifyValid works with independent sales representatives, and the company plans to expand its reseller network in the near future.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | USAePay | Board Studios