Buyers including restaurants and other retailers can create an eDeposit account directly through their iOS and Android mobile applications in a smooth setup process using eDeposit’s B2B app.
Following integration, eDeposit clients will be able to link their bank account and fund their eDeposit account by clicking a photo of their cheque, which will be cleared by the eDeposit through DoubleBeam’s integration with CheckAlt.
eDeposit CEO Robert Craig said, "Now with DoubleBeam, we can perform our Know Your Customer validation in real-time, ensuring we balance the speed of customer acquisition with reducing risk of fraud."
The eDeposit platform enables suppliers and buyers to exchange invoice information and remit payments using its easy and secure web and mobile service, all in real-time.
eDeposit’s real-time payment and settlement network provides convenience as well as improved profitability.
