May 8, 2012 -
Original Press release
Cachet Financial Solutions, Inc.
Southwest Tech Center A, 18671 Lake Drive East
Minneapolis, MN, 55317
Cachet Financial Solutions and MnIPC Provide Mobile RDC Solutions to Minnesota Credit Unions
Northwoods Credit Union is first to benefit from partnership
MINNEAPOLIS - Cachet Financial Solutions, a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and credit unions, and MnIPC, a premier check processor for financial institutions, have recently announced that Northwoods Credit Union (NCU) of Cloquet, Minnesota has partnered with the firms to provide mobile remote deposit capture to their members. Cachet's mobile RDC system will be integrated into a full mobile banking solution provided by MEA Financial.
"We are pleased to be working with both MnIPC and NCU to offer a full RDC solution," said Jeffrey Mack, President and CEO of Cachet Financial Solutions. "NCU has taken the lead in their market by providing more conveniences to their members. We are proud to be a partner in their initiative."
For NCU, Cachet will be integrating its Select Mobile(TM) application into MEA Financial's mobile banking platform. Cachet will be managing this process and will help to ensure that NCU's members receive the best in mobile technology. Members will receive a seamless experience; making a deposit will be as easy as keying in the deposit amount, snapping photos of the front and back of checks, and submitting them for deposit. NCU will also be utilizing Cachet's CheckReview(TM) product to monitor the deposits with real-time image verification. Once the deposits have been approved, MnIPC will complete the cycle by processing NCU's check funds.
"MnIPC strives to offer the best in check processing technology to its clients," said Michelle Carlson, MnIPC Vice President. "Cachet's service model shows that they too have a similar commitment to their clients. Together we will provide Northwoods Credit Union with unmatched service and technology."
Northwoods Credit Union will also be able to take advantage of Cachet's complete solution, including account management and strategic sales and marketing support, as well as 24/7 helpdesk service.
"Our members are part of a mobile nation," said Barb Brown, president of Northwoods Credit Union. "Northwoods was looking for a way to meet their needs, and with Cachet and MnIPC we are really getting the full package. Their services will provide greater freedom and convenience to our member base."
About Cachet Financial Solutions
Cachet Financial Solutions is a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and their customers/members. RDC Select(TM), our fully integrated, customized solution, is a unique platform that eliminates the need for financial institutions to build and manage their own RDC business. Cachet's web-based business solution (available for both Mac & Windows operating systems) along with our mobile application (available on iPhones, Androids, BlackBerrys, and tablets) provide financial institutions greater freedom and flexibility when providing RDC to their customers. Cachet's sophisticated marketing strategy and professional sales training program ensures our customers are successful with their RDC initiatives. Let us help you Unleash the power of RDC!(TM) For more information call 877.318.4449 or visit www.cachetfinancial.com.
MnIPCis an independent processor serving financial institutions for more than 30 years. MnIPC provides a full suite of item processing services, as well as remote deposit capture, return item processing, online image access, and adjustment processing. With a strong dedication to financial institutions, MnIPC's experienced staff provides unsurpassed customer service to their clients. For more information, visit www.mnipc.com.
SOURCE Cachet Financial Solutions
CONTACT: Manon Ibes, Cachet Financial Solutions, +1-952-698-6952
Web Site: http://www.mnipc.com