VerifyValid

VerifyValid is a United States-based company located in Grand Rapids, Michigan. It is a small business with 12 employees and generates an annual revenue of $5 million. VerifyValid offers a digital check payment solution that allows individuals and organizations to send and receive electronic checks. Users can send single checks or upload a CSV file for bulk payments, with remittance information included. Payees can print the checks for deposit or, if they have an account with a participating financial institution, can electronically deposit the funds directly into their bank account. A key differentiator of VerifyValid is its fraud prevention platform. The checks are built on this platform, allowing for verification of their validity. This enables the detection of fraud at the point of first deposit, preventing losses for both payers and payees. For more information about VerifyValid's services, visit their website at echecks.com.