You arn't explaining much of the actual benefits of the product, but for what you do describe: Bitcoin can also solve all of these problems. Why bother using checks when it's obsolete in 5-10 years?
You are right in predicting Checks will be obsolete - and indeed that is what we are doing. By creating a "digital image" of a Check as oppose to Paper Checks. Paper Checks were not designed for e-commerce. They are a low cost option but mailing a Paper Check for an online transaction doesn't work in today's day and age.
Imagine have a Digital Image of the Check generated and transmittable anywhere over the Internet. Instantly. Or even almost instantly. That is what we are building i.e. getting rid of Paper Checkbooks so nobody has to use those pesky smart phone apps to take a picture of a Paper Check when there is an existing digital image (again think Check21)
Now coming back to Bitcoin: How are you going to acquire Bitcoins ? Mine them (again < 1% of the population)? Probably buy them. Would you rather pay 3% transaction changes to buy say $10K of Bitcoin i.e. $300.00 or would you rather use something like a "Digital Check" for say a fixed transaction cost of $1.00 ?
"ballpark" numbers:
Total transactions volume VISA/MC CC in 2013: Appx $7-8Trillion Total transaction volume using paper Checks and ACH in 2013: Appx $70Trillion i.e. 10X