BWW Geeks World

Zipmark Announces Availability of Online and Mobile Secure Digital Check Platform to Deposit Funds the Next Business Day

Zipmark Announces Availability of Online and Mobile Secure Digital Check Platform to Deposit Funds the Next Business Day

Zipmark, a pioneer in mobile and online payments, today announced the national availability of its 100% secure digital check payment platform, the first online and mobile payment system designed to deposit guaranteed funds into a business's operating account on the morning of the next business day. The primary purpose of Zipmark is to improve accounts receivables and payables for small businesses as many firms are still stuck using paper checks as a result of exorbitant transaction fees associated with other types of payment platforms. Zipmark's transaction fee is only 1% with a $5 cap.

In a recent payment industry report, titled Still Paying With Paper: Small Businesses Continue to Write and Receive Checks, about 50% "of paper checks written in the U.S., not including government checks, involve a small business." Many small businesses within professional services such as legal, accounting and landscaping receive a majority of their payments from customers via paper check. With Zipmark digital checks, small businesses can literally send an invoice to a customer on a Monday and receive good funds deposited directly into a business's operating account on Tuesday morning.

Software engineer Jake Howerton, and former Citigroup executive, Jay Bhattacharya, founded Zipmark because they realized that despite the availability of electronic payments and electronic invoicing, businesses were still going to the mailbox to collect payments. Utilizing Bhattacharya's deep financial services background and Howerton's software development experience, the two developed a method of payment that is inexpensive, risk-free and simple to integrate via the Zipmark API to any existing invoicing platform.

"Zipmark secure digital checks improve the way small businesses send and collect money from their customers by bringing check payments into the 21st century," said Jay Bhattacharya, CEO and co-founder of Zipmark. "Zipmark is as much a risk management platform as it is a payment platform. We take on the risk of the transaction and guarantee funds to billers."

GEEKS VIDEOS

STAGE TUBE: First Look at Second Episode of Telltale's GAME OF THRONESSTAGE TUBE: First Look at Second Episode of Telltale's GAME OF THRONES VIDEO: Watch President Obama's 2015 State of the Union Speech - LIVE!VIDEO: Watch President Obama's 2015 State of the Union Speech - LIVE! Video: YouTube Stars to Interview President Obama - And You Can Too!Video: YouTube Stars to Interview President Obama - And You Can Too! VIDEO: ELLEN Responds to Accusations of Having 'Gay Agenda'VIDEO: ELLEN Responds to Accusations of Having 'Gay Agenda' VIDEO: Google Jumping More into Education with Google ClassroomVIDEO: Google Jumping More into Education with Google Classroom VIDEO: Nintendo Shows Off New Nintendo 3DS XLVIDEO: Nintendo Shows Off New Nintendo 3DS XL VIDEO: Space Ship? No. D-Link Unveils ULTRA Performance Series of 11AC RoutersVIDEO: Space Ship? No. D-Link Unveils ULTRA Performance Series of 11AC Routers Video: D-Link Launches Industry's First Gigabit PowerLine Kits with MIMOVideo: D-Link Launches Industry's First Gigabit PowerLine Kits with MIMO VIDEO: LaCie Unveils Mirror Portable Hard Drive; Encased in Glass & Designed for LooksVIDEO: LaCie Unveils Mirror Portable Hard Drive; Encased in Glass & Designed for Looks VIDEO: Sneak Peek at the Angry Birds Christmas Special SANTAMENTAL MEVIDEO: Sneak Peek at the Angry Birds Christmas Special SANTAMENTAL ME STAGE TUBE: Samsung Canada Celebrates Launch of the NX1 with Short Film Starring Joseph Gordon LevittSTAGE TUBE: Samsung Canada Celebrates Launch of the NX1 with Short Film Starring Joseph Gordon Levitt VIDEO: Aidy Bryant Reaches 10,000 Tweets from Cut Sketch from Last Week's SNL; Watch Below!VIDEO: Aidy Bryant Reaches 10,000 Tweets from Cut Sketch from Last Week's SNL; Watch Below! Fully Restored Video: Craigslist 1996 Nissan Maxima CompletedFully Restored Video: Craigslist 1996 Nissan Maxima Completed VIDEO: CONAN Meets Digitzed Kevin Spacey in 'Call Of Duty: Advanced Warfare'VIDEO: CONAN Meets Digitzed Kevin Spacey in 'Call Of Duty: Advanced Warfare' VIDEO: It's Here! Starwood's Keyless Entry Launches Today!VIDEO: It's Here! Starwood's Keyless Entry Launches Today! New Video: Immigration Enforcement Needed to Counter Criminal and Terrorist ThreatsNew Video: Immigration Enforcement Needed to Counter Criminal and Terrorist Threats

Subscribe for News & Specials