November 3, 2024

Bank Shot unveils Digital checks as Payment option for real estate markets

Facebook
Twitter
LinkedIn

Bank Shot, a US based mobile payment app, claims the first and only solution on the real-estate market that offers digital checks as a payment option. This feature is added to the arsenal of its other compliant payment methods that the customers are using to send and receive earnest money and other real estate funds.

With the average age of the modern homebuyer being 33 years old, paper checks are quickly becoming obsolete in real estate. Bank Shot’s digital checks bring homebuying into the 21st century by giving consumers a faster and more convenient option than a paper check, which is also much safer than an c solution.

“At Bank Shot, we want our mobile payments app to be user-friendly for all customers, including those who do not have paper checks,” said Emily Traxler, CEO, Bank Shot. “Compliance is still our top priority, so we’ve built a solution that does not process as an ACH, but as a traditional check that is deposited in the bank or via remote deposit. We want to make sure the home buying experience with us is simple and gives everyone peace of mind.”

The digital check feature is now available to all Bank Shot mobile app users, both Apple and Android. The setup process is easy. Just connect to your Bank Shot app and fill out the requested information, and the digital check is created and sent.

“We have an exceptional product, and we’re always excited to find new ways to innovate and make our customers’ lives easier,” said Emily. “Rest assured, with every new feature, we remain committed to providing the highest level of cybersecurity for our customers.”

Earnest money payments, including digital checks, sent and received by Bank Shot’s mobile app are good funds. And all funds will be protected with Bank Shot’s Check 21 standards and two-factor authentication (2FA) methods. Furthermore, the patented stop light technology process will ensure that no transactions take place until the account holder decides to move forward with the deposit.

Source

Share.

RELATED POSTS

ZCV HH Sheikh Ahmed (Centre), Martin Reynolds - Zero Carbon Ventures Founder & CEO (to the left of HH Sheikh Ahmed)
Zero Carbon Ventures completes seed funding
Zayed R. Alzayani. Image Courtesy-GFH
GFH onboards Zayed R. Alzayani as Chairman of Roebuck
The partnership offers a significant step towards achieving seamless financial interoperability. Image Courtesy-Seed Group
DKK Partners  joins forces with Seed Group
  • logo banner warba
  • Asialink Finance

LATEST POSTS

Indo US Bridging Rare Summit 2024
Representational Image of Saudi Arabia Real Estate
E& UAE and Microsoft unveil AI-powered solutions for SMBs. This initiative reflects e& UAE’s dedication to driving AI-led digital transformation across industries, providing businesses with cutting-edge tools that enhance efficiency, creativity, and competitiveness. Image courtesy: e&
Aramco, SIDF and Taulia announce supply chain financing solution. At the signing ceremony, front row, from left, are: Khalil Alnammari, SIDF VP of Strategic Planning & Business Development; Cedric Bru, Taulia CEO; Ziad T. Al-Murshed, Aramco CFO & EVP of Finance; and Abdulaziz Aladwani, Manafa Founder & CEO. Back row, from left, are: HH Prince Sultan bin Khalid, SIDF CEO; Amin H. Nasser, Aramco President & CEO; HE Ayman Alsayari, SAMA Governor; HE Bandar Alkhorayef, Minister of Industry and Mineral Resources; and Abdullah Alkasabi, Manafa Vice Chairman. Image courtesy: Aramco