92% of businesses still use paper checks in United States alone! Add up numbers across the world and we have north of 60% of business still using paper checks worldwide -- a huge problem! The costs to businesses in the US add up to $52 billion in direct expenses ($4-$20 per payment) and $10 billion in fraud losses per year. 

The problem affects everyone involved in handling those payments: payer, payee, issuing bank and deposit bank. They all take risks, incur unnecessary expenses, and experience needless delays.

Universally accepted digital replacement for paper checks, that complements and strengthens existing financial infrastructure, and leads to the conversion from paper to electronic transactions. SnapCheck’s whitelabel-ready digital checking platform delivers instant benefits with no changes to the businesses’ underlying financial processes or systems.

Check payments can be painless. SnapCheck complements solutions like yours to provide a streamlined process for hassle-free, transparent digital check payments.

SnapCheck empowers our partners with a white-label solution that provides new revenue opportunity, cost savings, and data insights for the partner and enables a stronger customer relationship. SnapCheck's solution is simple: the Payer uses their banking, accounting or other product of preference for making payments; SnapCheck's cloud service creates a highly secure SnapCheck (PDF file) and sends to Payee by email; Payee prints it out and deposits via Mobile RDC, ATM or at branch teller, or opts-in for SnapCheck's enhanced services: check validation and streamlined deposit.

Step 1. Create a Payment

The user logs into your application and initiates a digital check payment with just 4 simple pieces of information: payee name, amount, memo, and recipient email address. They can even add an attachment to accompany the payment.

Step 2. Send

The user clicks “Send” and their SnapCheck is sent to the recipient in milliseconds. They also now have a digital copy of the payment!

Step 3. Receive and Deposit

The recipient can deposit the new payment with the click of a button or print a paper copy for manual deposit. It’s that fast and easy.

One size does not fit all. That’s why SnapCheck integrates seamlessly into your existing system to give you full control of your payments process and branding. Users remain within your environment to conduct digital check payments.

Enhance FINTECH Services with an Easy, Efficient Payment Option

The only universally accepted payment format, paper checks remain the preferred business payment mechanism. However, they are cumbersome, lack transparency and clarity, and require manual work from all parties involved. Adopting such an inconvenient payment method, no matter how popular, is counter-intuitive for any modern fintech company.

That’s where SnapCheck comes in. We’ve upgraded one of the most ubiquitous payment methods for business, and now you can too. Our fully-integrated solution complements your platform and provides your users with the easiest, safest, and fastest way to send payments the way they want—whether it’s person-to-person, B2B, or something in between.

Faster, Compliant Payments for Every Government Program

Expanding payment options for your constituents, streamlining revenue collections, and providing the community with the highest level of service is essential for today’s government organizations. Whether your agency receives or disburses benefits, pays contractors, collects taxes,  or distributes refund payments, SnapCheck’s easy and flexible solution can help you offer more payment choices and streamline the payment process—resulting in greater convenience and better service for your citizens.

Charge a small fixed amount per transaction, making revenues a function of number of digital checks processed, not dollar amount of payments. Number of clients times usage per client times price per transaction = total transaction revenues. There is also a small setup fee that varies based on levels of customization and is intended to cover the upfront costs of adopting the platform.

SnapCheck helps businesses save time and money, eliminate fraud, gain visibility into cash flows, achieve better cash management… within existing back-office processes.

White label ready digital payment platform: one API, infinite possibilities. Simple, one-time integration to fulfill multiple use cases quickly and easily (banks, insurance, payroll, fintech, accounting). SnapCheck integrates seamlessly into your existing system to give you full control of your payments process and branding. Users remain within your environment to conduct digital check payments.

Instant Delivery

SnapCheck provides your customers with the safest, easiest, and fastest way to send a check—all they have to do is click “Send.” Their digital check is instantly delivered to the recipient.

Security with Blockchain

When it comes to digital payments, safety and security are critical requirements. That’s why we’re proud to be the world’s first blockchain-enabled digital checking platform. By enabling on-chain settlement, we greatly reduce the risks of fraudulent activity.

Beyond the blockchain, we take every measure to enforce best security standards and practices. All sensitive data on our servers are encrypted and secured to ensure your customers’ information remains private thanks to FinTrust™ protection.

Flexible Integration

Incorporating SnapCheck’s paperless payment option into your existing payment process is simple. Use the SnapCheck API to tailor a solution that works best for you and your customers.

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Pending patents

We estimate the market potential to be around $15 billion per year. US businesses alone pay $50 billion per year in costs for paper checks. Our solution turns that cost into a profit opportunity, and expands the market in the process.

Ken is a FinTech and Mobile Payments pioneer, who holds the distinction of being the first person to send $1 around the world by mobile. In addition to being an accomplished executive, leader, and entrepreneur, Ken also advises early-stage companies looking to establish product-market fit and accelerate growth on a global scale.

Ken leads SnapCheck in revolutionizing business-to-business payments: eliminating $50 Billion in

costs, removing $20 Billion in fraud.

Previously, as co-founder and CEO of m-Via, Ken grew the company into an industry-recognized leader in mobile financial services and brought the company to cash-flow positive before leading m-Via through an acquisition by Boom.

With Boom, Ken served as EVP of Product and Service Delivery and drove the company's strategic product vision and roadmap, as well as their realization through the creation of industry-leading mobile financial products and services. In his role, Ken led the product management, product development, service delivery, and information technology organizations.

In addition to Ken's success in leading innovative technology-based financial services initiatives at Boom, m-Via, SVC Financial Services, Mellon Capital Management, and Wells Fargo, Ken also leverages his extensive experience in the development and marketing of products and solutions for the telecommunications, energy, and automotive industries, as well as for the US Department of Defense, the National Institute of Standards and Technology, and NASA.

Ken holds a BS with distinction in Computer Science from Cornell University, an MS in Computer Science and Artificial Intelligence from the University of Illinois at Urbana-Champaign, and an MBA in Entrepreneurial Management from the University of San Francisco.

Entrepreneur with passion for innovation to improve lives with tech. I build and advise to high energy and high performance teams, on products and process designs. In my 20+ years of work experience I've been from 2-man startup burning night lamp to 300K+ conglomerate and everywhere in between, in various sectors, including Banking/Finance, Core technology, Manufacturing etc.

I've worn many hats - developer, researcher, IT guy, mentor, coach, manager, founder and the guy who gets lunch for everyone. As a result I have unique ability and insights to manage people, projects and products and execute across multi disciplinary environments.

- I'm multi-lingual, I speak business, techie, req, designer, ui/ux, mentor, product, process, budget

- Big ideas with planning and execution

- Teams are what I build, retain, mentor and transform

Love to make new professional acquaintances with you and your ideas - drop me a line.

Skills: Agile project management, mobile technology, high velocity cross-functional teams, product planning and execution, requirement management and offshore teams, security and enterprise and consumer software

As in any other business in the payments space, there are a number of risks associated with the company's operations.  

SnapCheck depends on a small number of key personnel, so if the CEO, CTO or the Head of Business were to leave or are not available to contribute, the expansion or the implementation of our client solutions could be significantly slowed.

Our market opportunity depends on the usage of paper checks in the system. If that usage were to decline dramatically, our market opportunity could be much smaller. Such a decline could be due to competitive product push or because of change in preferences for businesses.