Check Out The Company That Created Digital Checks with Instant Payments
Posted by Checkbook on Apr 03, 2019
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How Does Zelle Work? Launched in 2017 and owned by Early Warning Services, LLC, a consortium of major U.S. banks, Zelle integrates directly into numerous bank apps and websites. This integration facilitates rapid and straightforward bank-to-bank transfers. How Does Venmo Work? Venmo, established in 2009 and acquired by PayPal in 2013, links directly to bank accounts or debit cards for sending and receiving money. Renowned for its social feed feature, Venmo allows users to share transactions with friends. It has evolved into a leading payment app in the U.S., celebrated for its social interaction capabilities.
What is an eCheck?
eChecks (aka. Electronic Checks) are a payment tool that are used to send funds electronically.
Checkbook.io Launches InstantPay
Julie Muhn of Finovate says, "The technology works because Checkbook.io doesn’t use the antiquated ACH infrastructure, which requires recipient onboarding and takes three to five business days to move funds from one account to another."