Truly great ideas are ones you couldn’t have imagined before, and can’t imagine going without now.  PJ Gupta has that kind of idea for you. In this episode, we meet PJ, an expert in electronic payments. KEY TAKEAWAYS: 00:27 eCheck payments increase productivity, reduce risk, and save significant money 03:31 All it takes to send money is a name and an email address. No codes, logins passwords, routing numbers, or account numbers 04:17 Simplicity goes up and check fraud goes down 05:59 Self onboarding Easy enough for SMB; sophisticated enough for enterprise 08:40 Lower processing costs, fewer chargebacks, less time lost in support calls 09:17 Typical cost of handling exceptions per 100 paper check exceptions is $100 to $300 10:36 Source IP address, timestamp, and the browser  = proof of received payment 12:48 Cost of sending a paper check = $5 to $10 (Goldman Sachs study) 13:10 Why should companies using card payments for airline miles pay by eCheck? 21:46 International payments and payroll payments made easy 25:38 Solving two problems: Immediate availability of funds, paying the underbanked 29:42 Instant pay is instant and worldwide (enter 16 + 4 digits).  ACH set up and receipt takes multiple days. 32:40 How payment fraud is reduced and mitigated PJ Gupta is the founder at Checkbook.  Please visit his website here: www.checkbook.io Kirk Conole DCISolutions.net (888) 395-0809 [email protected]

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