“Back to the future” with Checkbook.io Blockchain enabled Digital Checks: The end of paper payments.
Posted by Checkbook on Jun 28, 2018
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What Is an Instant Payment System?
Instant payment systems, or real-time payment systems, allow for the immediate transfer of funds between bank accounts and cards i.e. stores of value, providing near-instantaneous processing compared to traditional methods that can take hours or days. This technology is rapidly gaining global traction, with many countries adopting their own instant payment networks. They key to note is the difference between a push payment and a pull payment. Many Instant Payment systems allow the holder of the bank account or wallet to push funds from that account/wallet to another account/wallet. However there are very few Instant Payment system which allow the account/wallet older to pull payments from another account/wallet
What is the Difference Between Digital Checks and eChecks?
Digital Check and eCheck certainly sound similar, but the truth is, they couldn’t be more different.
Checkbook Secures $10M in Series A Financing Led by MassMutual Ventures
Checkbook Inc announced that it has closed $10 million in Series A funding led by MassMutual Ventures. IA Capital, JPMorgan Chase and Cross River Digital Ventures are also participating in the round along with previous other investors.
