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NEW YORK, NY -- (Marketwire) -- 11/08/12 -- Zipmark™, a pioneer in mobile and online payments, today announced that it is removing its transaction fee for processing donations made to verified charities aiding Hurricane Sandy relief efforts. The Zipmark eCheck service replaces paper checks with an electronic platform that moves money between bank accounts within 24 hours. Charities and relief organizations that use Zipmark will be able to extend a new payment platform to their donors, who will have the option of using money already in their bank account instead of relying solely on a credit card or other stored value account type platform that can take several days to process a payment.

"As fellow New Yorkers who lived through the surreal ordeal of Hurricane Sandy, we felt obliged to extend our convenient eCheck platform to those local, regional and national charities that are helping the victims of this terrible weather event," said Jay Bhattacharya, CEO of Zipmark. "We encourage all payment platforms to remove transaction fees for Hurricane Sandy related relief donations so that as much money as possible makes its way to those in need."

Interested charities that want to extend Zipmark to their donors can send an email to SandyRelief@zipmark.com.

Zipmark vs. Other Payment Platforms
Other online and mobile payment platforms either use intermediary holding accounts (stored value accounts). In addition, online bill pay features offered by banks and credit unions take several days to pay a bill, largely because the check is often printed by the bank and sent via mail. These processes add complexity and delays. Zipmark replaces these hurdles by literally connecting the payer and payee's accounts so money is deposited on the morning of the next business day. Paying with a Zipmark secure digital check is easier than cutting a paper check, and eliminates the delays of paper checks.

About Zipmark
Zipmark's goal is to remove barriers between businesses and their money by bringing the checkbook into the 21st century: reducing the amount of time and money it takes to make a check payment, eliminating the possibility for bounced checks and taking all risk out of the equation for payer and payee alike. Zipmark was launched in 2010 by Jay Bhattacharya and Jake Howerton, and is based in New York City. Zipmark's investors are Village Ventures, Contour Venture Partners, NYC Seed, High Peaks Venture Capital and the New York City Investment Fund.

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