Internet Software and Services
Company Overview of Cachet Financial Solutions, Inc.
Cachet Financial Solutions, Inc. provides remote deposit capture (RDC) solutions for banks, credit unions, and other financial institutions. It offers RDC Select, an integrated platform that enables financial institutions to build and manage their own RDC business. The company’s products include Select Business, a merchant capture solution for PC and Mac users; Select Home, a consumer capture for small/home offices; and Select Mobile, a mobile remote deposit capture solution. It also offers Select Mobile Prepaid, a mobile capture solution for loading to prepaid cards; Select Mobile Lending, a mobile payday lending application; Select Mobile Money, a mobile money management solution for prepa...
18671 Lake Drive East
Southwest Tech Center A
Minneapolis, MN 55317
Founded in 2010
Key Executives for Cachet Financial Solutions, Inc.
Chief Financial Officer and Vice President
Chief Information Officer and Executive Vice President
Executive Vice President of Sales
Compensation as of Fiscal Year 2013.
Cachet Financial Solutions, Inc. Key Developments
Cachet Financial Solutions, Inc. Partners with YellowPepper to Bring Mobile Deposit Technology to Latin American Marketplace
Dec 10 13
Cachet Financial Solutions, Inc. announced a new partnership with YellowPepper Mobile Financial Network to provide mobile remote deposit capture services for its YEPEX Mobile Banking Network. As Latin America's economies continue to grow and smart phone penetration continues to increase, consumer demand for advanced mobile banking solutions is becoming a significant business opportunity. In fact, according to Deloitte Consulting Group, mobile banking usage in Latin America is expected to increase over 65% every year until 2015. By that time, the region's mobile payments industry is expected to be worth over $1 Trillion with the average annual expenditure by user increasing to nearly $1,200.
Cachet Financial Solutions Launches CheckRisk Pro
Oct 22 13
Cachet Financial Solutions has announced the introduction of CheckRisk Pro, a new tool for mitigating risk in remote deposit capture programs for financial institutions and credit unions. CheckRisk Pro is a Cachet-hosted solution that enables financial institutions to collect and process deposit information from multiple channels, through x9 or ACH files, regardless of the RDC vendor. The unique platform offers financial institutions the ability to tailor the risk mitigation process to meet their individual needs, including: a streamlined workflow can function as an autonomous system, or with varying levels of manual interaction as needed, flexible decisioning rules covering a variety of variables including multiple deposit velocity metrics, customizable reports and metrics for tracking operational performance of RDC programs.
Cachet Financial Solutions Inc. Announces Select Mobile(TM) Lending, New Mobile Application for Payday Lending
Sep 24 13
Cachet Financial Solutions Inc. has announced that they are expanding their product portfolio with the release of Select Mobile(TM) Lending, an innovative new mobile application for payday loan processing. The new product will be offered as a white label solution for payday lenders, check cashers, and other financial service organizations. Select Mobile(TM) Lending takes this process to the next level with a unique mobile application, allowing users to apply for loans from their smart phones and tablets. Select Mobile Lending offers Cachet's financial service organization clients the ability to expand their market reach without investing in additional brick and mortar locations. The application features expansive document imaging and data extraction technology to collect loan application materials from consumers. Loan processors can require images and collect data from a range of documents, including driver's licenses, government IDs, paystubs, bank statements, and more. In addition to the front-end mobile interface, Cachet has developed a streamlined loan review program for loan operators with filters for sorting loan applicants and the ability to manually inspect submitted documents. The technology can also be integrated with a prepaid card processor to enable loading of funds to users' prepaid cards and access to balance and transaction history information within the app.
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