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April 26, 2015 8:19 AM ET


Company Overview of Cachet Financial Solutions, Inc.

Company Overview

Cachet Financial Solutions Inc. provides cloud-based Software-as-a-Service (SaaS) remote deposit capture (RDC) solutions in the United States, Canada, and Latin America. RDC is a service that allows a business or consumer to scan checks and transmit the scanned images to a financial institution for posting and clearing or cashing and loading remotely to a pre-paid debit card. The company offers RDC Select, a cloud-based and hosted SaaS platform for institutions to manage their own RDC operations. It also provides a cloud-based SaaS RDC Select Mobile product, which allows the users to take a picture of the front and back of the check and deposit to their account at their financial institution...

Southwest Tech Center A

18671 Lake Drive East

Minneapolis, MN 55317

United States

63 Employees





Key Executives for Cachet Financial Solutions, Inc.

Chairman, Chief Executive Officer and President
Age: 61
Total Annual Compensation: $248.0K
Executive Vice President of Product Development
Age: 48
Total Annual Compensation: $175.0K
Executive Vice President of Sales
Age: 56
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2013.

Cachet Financial Solutions, Inc. Key Developments

Cachet Financial Solutions, Inc.'s Select Mobile Money Platform Supports Apple Watch

Cachet Financial Solutions, Inc. announced that its Select Mobile Money prepaid mobile platform now supports Apple Watch. Select Mobile Money users who own an Apple Watch will be able to download the custom app and seamlessly access key financial services via the new wearable device. With just a quick glance at their wrists, users will be able to check their account information, view recent financial transactions and locate the nearest ATM or card loading location. Cachet's Select Mobile Money clients will also be able to send personalized push marketing messages that will help them to connect and engage with their prepaid cardholders. Cachet's Select Mobile Money platform empowers end users with a mobile platform that replicates all the main services available at a physical bank or credit union. This includes account management, transaction history, card to card transfer, bill pay, remittance and check to card loading with "instant good funds" via check guarantee partner, Ingo Money.

Cachet Financial Solutions, Inc. announced delayed annual 10-K filing

On 04/01/2015, Cachet Financial Solutions, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Cachet Financial Solutions Launches Select Mobile(TM) NowPay for Quick and Easy Mobile Payments by Check

Cachet Financial Solutions, Inc. launched Select Mobile™ NowPay, a new cloud-based solution that allows Apple iPhone™ or Android-based smartphone users to make electronic payments by check. NowPay enables convenient and secure mobile check payments for loans, leases, memberships and more. Mobile users can now make these payments by check anywhere and anytime, avoiding special trips to the post office, bank or loan office, and eliminating the worry of late payments. Key features for Select Mobile NowPay users include: Multiple account capability allows payments to multiple NowPay accounts all from one easy-to-use app. In-app transaction history provides convenient and secure ability to track and confirm payments. Data privacy and security assurance, with the same level of data-encryption and security as traditional online banking. For banks, credit unions and alternative financial services providers that deploy NowPay for their customers, key benefits and features include: Flexible deployment as a standalone or integrated with other apps. Compliance-ready with industry-standard security features. White-label app provides branding options with corporate logo and colors. Quickand easy setup for rapid ROI. Cachet recently filed a related patent application for the process of taking an expedited loan payment from a consumer who may or may not have a banking relationship with the financial institution accepting the payment. The patent application covers key processes around Cachet's Select Mobile and Check Review™ products.

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