Security Is Paramount At Checkbook

Posted by Checkbook on Jun 05, 2020

In a world where fraud and identity theft continue to become more and more prevalent, steps must be taken in order to keep your financial information and transactions secure. Here at Checkbook we pride ourselves on our top of the line fraud detection and security.

How Secure is Checkbook?

Our infrastructure was built from the ground up with intense security checks. Our security uses data encryption to keep data secure at all times throughout the transaction process, providing a secure buyer experience while minimizing risk and reducing costs for your business.

Our founder helped define security standards at Visa and brought this knowledge to the development of Checkbook’s security standards. Checkbook has fraud detection at even the every level of a transaction designed to protect both businesses and consumers.

How Can You Protect My Data?

Unlike Paper Checks and eChecks that expose the Sender's Account Information to the Recipient, Digital Checks are the only tool in the payment process that hide such sensitive information.

Checkbook has created a two-step process for identity verification upon sign up (bank verification and phone verification) in order to confirm that the account holder is, in fact, the person he or she claims to be and to thoroughly follow all KYC guidelines.

In addition to this, an existing account holder can only access their Checkbook account using Multi-Factor Authentication in order to keep away those pesky fraudsters.

We offer an approval system that we call a “Lockbox.” When a Digital Check, that has been created, is sent to Lockbox, it sits there unpaid and waits for approval. Going back and taking a second look at the Checks in Lockbox helps double check details and ensures that payments for the right amounts are made to the right people.

How Can You Verify My Bank Information Without Storing it?

Good question! Checkbook partners with the ultra secure and reputable companies like Plaid, for bank account verification infrastructure. Checkbook passes your sensitive information to the intermediary for you to confirm your bank account, without ever storing your secure information.

Best of all, our best in class customer service team is always here to help you and answer all of your questions. Having mitigated fraud by 99% for its clients, Checkbook is secure as it gets; and that’s the bottom line!

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Checkbook.io offers digital checks and invoicing services

"While working on Noca, Gupta saw there was a gap in the checks payment market. He founded Checkbook.io to provide digital check payment options, which allows businesses to send any amount of money digitally, like with PayPal or Venmo, but with a small fixed fee no matter how large the amount."

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