SnapCheck Enables Airbanq Customers to Pay Without Paper

By: SnapCheck and Airbanq
 
 
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Tags:
Payments
Checks
Fintech

Industry:
Banking

Location:
San Francisco - California - US

Subject:
Partnerships

SAN FRANCISCO - Oct. 24, 2016 - PRLog -- SnapCheck and Airbanq today announced a strategic partnership that will result in enhanced payment capabilities for Airbanq accountholders and risk-reduced deposits for Airbanq.

Airbanq's mobile wallet gives consumers everything they want in a bank except the bank.  Users can upload checks via the Airbanq mobile app for fast check cashing or to load their Airbanq Prepaid Mastercard.  With Airbanq, consumers won't waste money on high fees, and can save $60 or more per month compared to traditional check cashers.  And, the Airbanq Prepaid Mastercard is a fee-free way for consumers to keep their money safe and spend at millions of retailers across the country and online.

Through this partnership with SnapCheck, Airbanq users will gain even more ability to pay.  No longer will Airbanq users need to buy cashiers checks or money orders to pay their rent and bills.  SnapCheck will provide the ability for Airbanq users to send digital checks directly from their Airbanq account, further enhancing Airbanq as their primary account for their financial lives.

"Our customers live in a cash economy, and treasure every single dollar they earn.  At Airbanq, we believe that you earned it, so you should keep it.  This partnership with SnapCheck helps us further extend that vision to our customers.  By eliminating the need for costly money orders, SnapCheck provides a key payment mechanism that saves our users time and money," said Chris Boas, Co-founder and COO  of Airbanq.

"We are excited to help Airbanq extend important payment capabilities to their customers.  SnapCheck's digital checking platform gives our partners a pragmatic way to help their customers bridge the digital divide, eliminating costly paper-based payment mechanisms," said Ken Kruszka, CEO of SnapCheck.  "SnapCheck digital checks are universally accepted, cost a fraction of paper checks, and mitigate the fraud that is rampant in traditional paper check and ACH payments."

About Airbanq

Airbanq is a revolutionary, click-and-mortar banking alternative for the 30% of U.S. households unserved or underserved by the mainstream financial system. Airbanq's app, prepaid card and store network bring accountholders into the digital banking economy with integrated payment and cash-management services and high-touch customer service. Airbanq provides significant time and cost savings over other financial service providers and, unlikebanks, virtual banks, check cashing stores and other prepaid card products, does not charge overdraft fees or require minimum balances and holds.  For more information on Airbanq, please visit http://www.airbanq.com

About SnapCheck

SnapCheck is a global payments technology company that is bridging the digital divide in payments.  SnapCheck's revolutionary blockchain-enabled digital checking platform marries the ubiquity of checks with the speed and security of electronic payments.  SnapCheck's platform combines the ubiquity of checks, the cost of ACH, the data of EDI, the speed of Wires, and the security of Blockchain.  For more information on SnapCheck, please visit http://www.goSnapCheck.com

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SnapCheck, Inc.
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Tags:Payments, Checks, Fintech
Industry:Banking
Location:San Francisco - California - United States
Subject:Partnerships
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