An EvoNexus Incubator Company
– SnapCheck‘s SaaS enables banks to: rapidly launch and monetize a bank-branded Digital Checking service that snaps-into existing bank and client B2B payment processes; eliminate 80% of the processing and fraud costs inherent in paper-checks; acquire net-new digital banking customers, and; capture + monetize new money-flows metadata.
– The new bank-branded Digital Checking Service operates at a per-transaction cost that is only marginally above the cost of an ACH transaction. However, the usability and value to commercial banking clients is comparable to other digital payment platforms. This difference between high client value, and low per-transaction bank cost, creates a new profit opportunity for the bank.