- Grand Rapids, Michigan, United States
VerifyValid is a service which enables the emailing of a check. A company or individual can use the web-based service by entering banking information and create checks which are delivered via email. The web based service was created on an anti-fraud platform and when used fully creates a Universal Positive Pay system, thereby mitigating fraud at the Bank of First Deposit rather than downstream at the Paying Bank. Unlike the ACH system, payors do not need access to payees' banking information and the remittance information is included with the check runs.
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