Digital check solution SnapCheck, a graduate of INV Fintech, this site’s sister accelerator, was named Best Payments API (application programming interface) by API:World, the largest global API conference.

SnapCheck will receive the award during a special ceremony at the San Jose Convention Center tonight, Sept. 10. SnapCheck allows companies to transition from checks to realtime secure digital payments without changing any business or accounting processes. The SnapCheck API is flexible enough to allow businesses to customize it to suit their needs.

“We are honored to have been named API:World’s best payments API and to have our work in transforming business payments recognized in company with some of the most iconic companies in technology,” said Ken Kruszka, CEO of SnapCheck. “This recognition is a testament to our mission to help businesses eliminate paper checks and modernize their back office. All told, SnapCheck gives businesses, consumers, banks and credit unions the ability to save over $50 billion a year in costs and $20 billion a year in fraud losses.”

Kruszka is a payments industry pioneer who has received numerous awards for his work in fintech.

The disappearance of paper checks has been incorrectly predicted for years now by fintech pundits, but their use stubbornly persists, particularly in the world of B2B payments, where more than half of payments are made via check.