Cachet Financial Solutions Selected by Top 5 U.S. Bank to Implement Prepaid Debit Card Platform
23 Julio 2014 - 6:00AM
Cachet Financial Solutions (OTCQX:CAFN), a leading
provider of prepaid mobile money management solutions, has
partnered with a top five commercial bank in the U.S. to implement
a prepaid mobile platform for one of the world's largest
supermarket chains.
Cachet's award-winning Select Mobile™ Money prepaid mobile
application will offer supermarket customers a full suite of
convenient mobile account services. Select Mobile Money will also
allow prepaid card users to view balances and transaction detail,
reload money, including check-to-card loads with "instant good
funds," and transfer funds from inside the app. Powerful back-end
analytics and messaging capabilities will allow the supermarket to
segment cardholder behavior and send relevant marketing messages to
keep its customers engaged in using the mobile application. The
program is scheduled to go live late summer.
"Our selection by a top U.S. bank affirms the tremendous value
proposition of our Select Mobile Money platform, and particularly
its unique features and capabilities," said Jeffrey Mack, president
and CEO of Cachet Financial Solutions. "It also reflects the
commitment of our partner and the supermarket to enhancing the
quality of the customer experience.
"Mobile functionality has become an essential component to the
financial services industry in the last 10 years," continued Mack.
"Cachet is at the forefront of this trend with the most secure and
robust technology offering in the market."
About Select Mobile Money
Cachet's Select Mobile Money prepaid mobile platform is a
cloud-based SaaS solution that enables financial institutions to
offer their prepaid cardholders a full suite of convenient
financial services in one easy-to-use mobile application. Available
for iOS and Android systems, the Select Mobile Money platform can
be integrated with existing card programs or used to develop a new
prepaid card program, complete with feature-rich mobile app and
branded general purpose reloadable prepaid card. The platform's
powerful back-end analytics enable financial institutions to
segment customers based on behavior and send relevant marketing
notifications that keep customers engaged.
To learn more about Select Mobile Money, contact Cachet at
info@cachetfinancial.com.
About Cachet Financial Solutions, Inc.
Cachet Financial Solutions is a leading cloud-based, SaaS
technology provider serving the financial services industry with
mobile money management and remote deposit capture solutions for
PC, Mac and Mobile. Our industry-leading solutions help clients to
increase customer/member engagement, grow revenues and gain
competitive advantage. Cachet's cloud-based technology platform
simplifies development, deployment and servicing of clients'
consumer and commercial solutions—minimizing cost and accelerating
speed-to-market and ROI. With our complete suite of business and
consumer solutions, financial institutions can better serve the
needs of all their customers/members. For more information, visit
www.cachetfinancial.com.
Forward-Looking Statements
This press release contains certain statements that would be
deemed "forward-looking statements" under Section 27A of the
Securities Act and Section 21E of the Securities Exchange Act of
1933 and includes, among other things, discussions of our business
strategies, future operations and capital resources. Words such as
"may," "likely," "anticipate," "expect" and "believes" indicate
forward-looking statements.
These statements involve known and unknown risks, uncertainties
and other factors which may cause our actual results, performance
or achievements to be materially different from any future results,
performances or achievements expressed or implied by the
forward-looking statements. Forward-looking statements include
statements about the anticipated closing of our initial public
offering and the number of shares to be sold in the offering.
Forward-looking statements reflect our current views with
respect to future events, are based on assumptions and are subject
to risks and uncertainties. We discuss many of these risks in
greater detail in our Current Report on Form 8K filed with the
Securities and Exchange Commission on February 12, 2014 under the
heading "Risk Factors" and in the other reports we file with the
Commission. Given these uncertainties, you should not attribute
undue certainty to these forward-looking statements. Also,
forward-looking statements represent our estimates and assumptions
only as of the date of this press release. Except as required by
law, we assume no obligation to update any forward-looking
statements publicly, or to update the reasons actual results could
differ materially from those anticipated in any forward-looking
statements, even if new information becomes available in the
future.
CONTACT: Judy German
Marketing, Cachet Financial Solutions
952-698-6991
jgerman@cachetfinancial.com
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