Deluxe, VerifyValid to offer online check payments

Wednesday 24 July 2013 09:29 CET | News

Deluxe, a provider of services for small businesses and financial institutions, has entered into a strategic alliance with VerifyValid, a web-based payment enablement and fraud prevention company.

The VerifyValid service enables bank customers to make and receive check payments online, using a virtual lockbox and virtual remote deposit capture system. VerifyValid also helps prevent check fraud.

Organizations can generate a check and deliver it via the web. Recipients receive a legally valid check that can be used wherever and whenever checks are accepted. VerifyValid provides the framework for electronically validating checks using fraud prevention technology based on a Trusted Time Stamp (American National Standard X9.95). Businesses receive more than 20 billion check-based payments per year according to the Federal Reserve Payments Study.

In recent news, VerifyValid has launched CheckItOut Beta, a new check payment platform.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Deluxe, VerifyValid, online check payments, online payments, fraud prevention, US
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce