eDeposit to Integrate DoubleBeam's Account Capture and eCheck Payments into Mobile Applications

WILMINGTON, Del. and LOS ANGELES, June 18, 2013 /PRNewswire/ -- eDeposit Corporation, a leading financial services company (www.edeposit.com), and DoubleBeam, a provider of mobile retailing solutions (www.doublebeam.com), announce plans to integrate DoubleBeam's mobile account enrollment and eCheck deposits into eDeposit's mobile payment network. eDeposit's B2B application enables buyers such as restaurants and other retailers to create an eDeposit account directly through their iOS and Android mobile applications in a streamlined setup process.  eDeposit customers will be able to link their bank account and fund their eDeposit account immediately by taking a picture of their check.  eDeposit will clear the virtual check through DoubleBeam's integration with CheckAlt, a leading Check21 services provider.

eDeposit offers its customers a time-saving and cost-effective prepaid account network. The eDeposit platform allows suppliers and buyers to exchange invoice information and remit payments through its easy and secure web and mobile service, all in real-time. "Our customers want to begin transacting through eDeposit as quickly as possible", explains eDeposit CEO Robert Craig.  "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.  We are very excited to partner with DoubleBeam to bring businesses onto our platform quickly and easily, right through their smartphones."

DoubleBeam CEO Ted Tekippe added, "eDeposit has a unique real-time, good funds platform for Electronic Invoice Presentment and Payment (EIPP).  B2B buyers can begin transacting right away using the DoubleBeam mobile data and check image capture technology."

About eDeposit
eDeposit is reinventing the way businesses interact with their customers. eDeposit's real-time payment and settlement network offers convenience as well as improved profitability. eDeposit provides the assurance of good funds and real-time settlement for businesses managing one-time and recurring transactions. For more details, visit www.edeposit.com.

About DoubleBeam
DoubleBeam provides white-labeled mobile retailing solutions for retailers, including payment, data capture, and targeted marketing services. DoubleBeam allows retailers to see huge savings on transaction fees, increased marketing ROI and enriched customer engagement. Additionally, because DoubleBeam operates in a secure cloud-based environment, the solution is easily integrated into existing POS systems. DoubleBeam is located in Pasadena, California.  Visit www.doublebeam.com for more information.

SOURCE DoubleBeam