On 8/14/13 I had the pleasure of having VerifyValid.com's founder and CEO, Paul Doyle, join me on my weekly webinar show, Free Webinar Wednesdays. This is the slid deck that he presented and you can watch the full replay of the webinar online at http://bit.ly/fww-vv.
Lean about VerifyValid and how they are revolutionizing the way people send and receive money with their innovative secure check service. The service is perfect for the business owner looking to streamline the payment process and can significantly simplify the A/P process. Plus, with their new CheckItOut service, anyone can receive money easily without the delay of the check being sent "in the mail" or interchange fees associated with credit card transactions.
2. Current Check Cost
Ink Check stock Printer
Envelope Postage Mail
Postal Service Delivery
$1 per check
in savings
using
VerifyValid!
3. Save $1000’s with VerifyValid checks- Create and send
1-10,000+ checks in 3 clicks of a mouse
Internet
Sender…
“Your Check”
Receiver…
“Their Printer”
10. VerifyValid Lockbox
Export
Remittance
Export
Remittance
Deposit Check via
RDC into your Bank
account! Or Print
Deposit Check via
RDC into your Bank
account! Or Print
Additional Lockbox Benefits…
•No opening envelopes
•No waiting…instant delivery
•On Screen Accounting
Check Received
Save 70% of the time in normally takes to process
a traditional check and remittance!
11. RDC Remote Deposit Capture
deposit
VerifyValid Queue
X9.37 check image and
deposit slip
Created by the system
Bank grabs RDC file from
the VerifyValid Queue
Bank validates file before
putting the RDC file into
their Queue
After the file is validated,
funds are deposited into
the user’s account
STARTFINIS
H
Only VerifyValid checks
enter the RDC!
12. Export Remittance data as a CSV file from
Lockbox
Lockbox saves you time and reduces your costs, but it can also minimize remittance float and
provide a solution for receiving checks. Moreover, the timely and accurate data we make
available online will help you update account records quickly and provide even better service to
your customers.
13. All checking accounts are authenticated by the owner at the time of enrollment using
an industry standard secret deposit process.
Authenticated checking accounts
14. There can be only one check!
Every check has a routing number, check number and account number. There can
be only one combination of these created by our system.
+
Add to it the check amount and the Pay to the order of information
= a Digital value
The Cryptographic Time Stamp =
Digital value (from check) X Cryptographic Algorithm X Time (constant)
Based on Patented Technology!
VerifyValid’s system creates a Cryptographic Time Stamp for every check
created. When a check is verified we create a Cryptographic Time Stamp that
is compared against the Cryptographic Time Stamp in our database. We can
prove that the check being verified was created on our system by a user with
control over the authenticated checking account. AND because we are creating
a Cryptographic Time Stamp for the verification, there is no way to guess the
second or third check in the series to see the information.
15. Verify a Check
The safest check you will ever receive because you can:
•Verify that it is written on an authenticated checking account
•Confirm that the check has not been changed since its creation
19. • Add your CheckItOut page to your website. a pay by check
button.
• Add the CheckItOut link to an email for payment.
• Add the CheckItOut link to your invoices or bills you send
out.
Your CheckItOut page URL
https://checkitout.verifyvalid.com/payments/20
20. Start enjoying the benefits of VerifyValid paperless checks today by visiting
www.VerifyValid.com
Questions?
Hinweis der Redaktion
Should we have a slide that has an image of the site ’s presentation of the imported checks and their given headers
Additional benefits added
The Arrows are going in different directions then slides previously (Paul) and possibly a firewall that shows that VV doesn't ’t go into bank and there is security