“We heard a rumor that the check is dead,” said Paul Doyle of VerifyValid and Malcolm McRoberts of Deluxe Corp., during their seven minute Finovate presentation. Not only did they prove that rumor to be false, but that the check is alive and well, and well, sexy with its new electronic makeover.
Deluxe eChecks did not win Best in Show at Finovate, but did win Ron Shevlin’s Snarketing’s Finovate Fall 2013 Best-In-Show Award. He sites, while Deluxe/VerifyValid may not have been the most “pretty” with the attendees, … do you have any idea how much businesses pay out each year in non-salary related disbursements to consumers? US $3 Trillion – with the majority in checks. “
Thank you Ron, for your common sense approach. I’d like to add that when banks gain access to a new revenue stream which is actually better for their corporate customers (they save money) and everyone gets their money faster without the paper – that’s sexy!
Watch the Finovate Fall 2013 Deluxe/VerifyValid Demo here!