Checkbook Delivers Faster Payment Disbursements For Government Age
Posted by Checkbook on Aug 01, 2022
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What Is A Virtual Credit Card?
A virtual credit card is a digital version of a traditional credit card, existing solely in electronic form. It offers the same functionality as a physical card but with enhanced security and flexibility for online transactions. Unlike traditional plastic cards, a virtual card operates entirely online, containing all essential details like card number, expiration date, and security code, but without a physical presence.
Some Digital Payment Innovators Still See Value In Checks
Kate Fitzgerald of PaymentsSource writes "Checkbook.io also leans heavily on paper check nomenclature and imagery, sending B2C payments via a text or email that opens to look like a check made out to the recipient."
Checkbook.io’s Link to Plaid Looks to Bring Verification to Real-Time Payments
As the payments business moves toward faster settlement, verifying payor accounts becomes crucial, yet for non-card payments, “there’s a gap there,” notes Patricia Hewitt, principal at PG Research & Advisory Services LLC, a Savannah, Ga.-based payments consultancy.