VerifyValid, a US-based electronic cheque payments provider, has unveiled its new Mobile Checkbook app in the Apple App Store for enhancing payments process for businesses and consumers.
According to VerifyValid, the new app will offer a simple-to-use mobile payment channel for consumers and businesses to avoid card interchange fees.
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VerifyValid said that its Mobile Checkbook app will simplify the process of sending and receiving cheque payments by enabling businesses and consumers to write, approve, sign, receive and deposit cheques from their iPhone or other iOS device.
Mobile Checkbook app, the businesses and consumers will also be able to manage payments through their mobile device.
VerifyValid founder and CEO, Paul Doyle, said: "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.
"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."
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By GlobalData
