What is a Digital Check?
Posted by Checkbook on May 26, 2020
Checkbook.io’s Digital Check takes the Paper Check of the past and digitizes it. This end-to-end online solution completely rids the payment process of a paper-trail. Digital Checks are sent via email while encrypting sensitive information in order to make their delivery completely safe. Once a recipient’s Digital Check arrives in their email inbox, it can be deposited either via the following options:
Traditional ACH - Funds can be pushed to a recipient’s bank account within 3-4 business days.
Print-At-Home and Mobile Deposit- A check image is generated that can be printed using normal ink at home and deposited either via the Mobile Application, ATM or taken to the Bank Teller.
Real-Time Push To A Debit Card - Funds shall be in the recipient’s Checking Account within 18 seconds.
Real-Time Generation Of A Virtual Credit Card (VCC) - Funds are stored in a Credit Card that can virtually be added to the Apple Wallet or Google Pay applications and used when needed.
Checkbook’s Digital Check offers newfound freedom in the payment landscape; a recipient’s hard earned money can be cashed using their method of choice!
What a Digital Checks brings to you is Security and Speed. Paper Checks are a relic of the past. Our world is, and will continue to, run on Digital Checks. And all this for less than a dollar!
Integrations To Maximize The Efficiency Of Your Small Business
In addition to time, if you’re like most small business owners, bookkeeping and general finance aren’t at the top of your to-do list, but nonetheless, they could still eat up a lot of your time and attention.
“Back to the future” with Checkbook.io Blockchain enabled Digital Checks: The end of paper payments.
In contrast, customers of Digital Checks can confirm their account records in real-time by logging into their financial institutions’ website. So, this means there is no reason to go looking to find your routing or account numbers.
Some Digital Payment Innovators Still See Value In Checks
Kate Fitzgerald of PaymentsSource writes "Checkbook.io also leans heavily on paper check nomenclature and imagery, sending B2C payments via a text or email that opens to look like a check made out to the recipient."