VerifyValid is a small technology start-up company based in Grand Rapids, MI. The company was started in 2010 with only three employees, and roots in data security. The VerifyValid service enables the emailing of a check, thereby eliminating postage, envelopes and labor. If the payee of the check banks with a participating bank, there is no need for paper and the check can be automatically deposited into the payee’s account.
Cost Savings and Boost to Michigan Economy
There are numerous benefits to all parties using VerifyValid. Please check out this 2 minute video which explains the service. More importantly, there are huge benefits to the State of Michigan and its citizens. Based on a study conducted by the Accounts Payable Association, we estimate companies can save at least $1 per check sent via VerifyValid rather than traditional paper means. You can imagine with the millions of checks being written and mailed, how much savings that could translate to for Michigan companies and citizens.
A Greener Michigan!
Also, there are environmental implications as well. Without all those envelopes being physically driven around, the carbon emissions necessary for distribution are eliminated.
Endorsed by the Michigan Bankers Association
VerifyValid is proud and honored to be an endorsed partner of the MBA!
Up for a National Award
VerifyValid has been chosen as a finalist in the Pymnts.com Innovation Project 2013 Payments Innovator Awards project. VerifyValid was nominated months ago and a panel of judges in the payments industry selected us as a finalist in the Best Check category. They are one of 5 in this category – and the process included over 500 submissions across all the categories.
Voting is now open through March 7 on Pymnts.com with the winners being announced during a live ceremony hosted by The Office’s BJ Novak, on March 21, at Harvard in Cambridge, MA. Warren Buffett, Al Gore and others will speak during the event.
There are 15 categories in all – VerifyValid is in the company of Square, American Express, Walmart, Dwolla and more! Paul Doyle has been invited and has accepted to be a delegate and participate in the CEO Roundtable discussions taking place during the two day event. Please help support a made in Michigan company. A win for VerifyValid is a WIN for the great STATE OF MICHIGAN!!
What now? VOTE!
Now the fun begins! PLEASE share this link and vote for VerifyValid!