|By Business Wire||
|May 5, 2014 10:28 AM EDT||
|With the expansion of debit and prepaid card usage among today’s consumers, many believe the end of traditional check payments is just around the corner. Contrary to popular opinion, checks still account for $31.6 trillion in transactions each year, which is nine times more than prepaid, P2P and cards combined. Traditional paper checks do, however, need a technological makeover. The question is how can the financial industry successfully bridge the gap between paper checks and electronic payments?|
|The Windy City Summit welcomes treasury, cash management, banking and finance professionals for a two and a half day open discussion to identify potential solutions and overcome key obstacles facing the industry every day. The Summit offers 145 educational sessions on a variety of topics, including: banking, corporate finance, card payments, fraud and compliance, international treasury management, relationship management, transaction processing and much more. Boasting more than 56,000 square feet of exhibition space, attendees will be exposed to new possibilities and gain the knowledge necessary to implement and realize immediate results.|
|28th Annual Windy City Summit|
|Navy Pier Convention Center|
|600 East Grand Ave.|
|Chicago, Ill. 60611|
As part of this year’s Windy City Summit, Paul Doyle, founder and CEO of VerifyValid, will lead the session, “The Check Lives On.” Based on his 20 plus years of experience in the electronic data security field, Doyle will discuss:
• The ongoing value of leveraging checks now and in the future;
• How to minimize expenses related to traditional check writing; and
• Best practices for transitioning checks to take advantage of the latest technological advancements.
|Friday, May 9, 2014|
|11:10 a.m. – 12:00 p.m. CT|
|To schedule an interview with or request written articles from Doyle, please contact:|
|David Jones at 678-781-7238 OR|
|Stephen Sprayberry at 678-781-7207|
VerifyValid™ is giving the paper check, the world’s most-used payment transaction, an online makeover for the 21st century. VerifyValid eChecks allow users to make check payments to anyone; from anyplace they have access to the Internet via computer, tablet, or iOS mobile device. Using an unprecedented secure platform and patented fraud prevention technology, VerifyValid can lower an organization’s costs while increasing efficiency, sustainability and financial security with every payment. For more information, visit www.verifyvalid.com.
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