Cachet Releases Mobile Deposit for Tablets

MINNEAPOLIS, June 14, 2011 /PRNewswire/ -- Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions for financial institutions nationwide, recently announced that its mobile deposit solution, Select Mobile, is now available for use on portable tablet devices.  

More and more consumers are moving away from traditional personal computing solutions in favor of the more portable and powerful technologies like Smartphone and tablets.  According to Bernstein Research, consumers are adopting the iPad faster than any other consumer electronics device.  If this adoption rate persists, the iPad will become the fourth largest consumer electronics category, just behind, TVs, Smartphones and laptops.  

Cachet believes that having RDC solutions available to users on a variety of technology platforms is key to RDC's long-term success.

"We have to stay ahead of the technology," said Jeffrey Mack, President and CEO of Cachet Financial Solutions.  "Tablets and other consumer mobile electronic devices are the future, and it is critical that we provide our customers with the most robust RDC solutions available."

Cachet's Select Mobile application allows account holders to initiate mobile-deposit sessions on their tablets equipped with a 2 megapixel camera, key in their deposit amounts and snap photos of the front and back of checks.  Select Mobile captures the check and utilizes Mitek Systems' patented technology to convert it to a high quality image.  Before transmitting the images, Select Mobile formats the images and corrects any distortions or skewing and confirms that the images meet industry Check 21 and mobile image-quality standards.  Financial institutions may review the image though Cachet's proprietary CheckReview technology before acceptance, if desired.  All transactions are transmitted with multiple layers of security and, if necessary, can be traced back to registered Smartphones in order to combat fraud.

"Financial institutions have to develop new methods of retaining and satisfying their customers and Select Mobile for the tablet is just another example of that initiative," said Mack.  "Cachet is proud of our work and will continue to innovate and develop new solutions on behalf of our customers."  

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.  RDC Select™, our fully integrated, customized solution, is a unique platform that eliminates the need for financial institutions to build and manage their own RDC business.  Our industry-leading software platform, developed to run on both Windows and Mac operating systems, has been designed to simplify the process for delivering, implementing and servicing RDC.  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.

For more information call 877.318.4449 or visit www.cachetfinancial.com.

SOURCE Cachet Financial Solutions