February 01, 2015 5:58 AM ET


Company Overview of Cachet Financial Solutions, Inc.

Company Overview

Cachet Financial Solutions Inc. provides remote deposit capture (RDC) solutions to financial institutions and their customers 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 hosted platform for institutions to manage their own RDC operations. It also provides RDC Select Mobile product, which allows the users to take a picture of the front and back of the check and deposit at their financial institution remotely. Cachet Financial Solutions Inc. serves ba...

18671 Lake Drive East

Southwest Tech Center A

Minneapolis, MN 55317

United States

50 Employees





Key Executives for Cachet Financial Solutions, Inc.

Age: 61
Total Annual Compensation: $248.0K
Chief Technology Officer
Age: 48
Total Annual Compensation: $175.0K
Chief Marketing Officer
Age: 56
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2013.

Cachet Financial Solutions, Inc. Key Developments

Cachet Financial Solutions, Inc. Announces the Resignation of Terril H. Peterson from the Board of Directors

Cachet Financial Solutions, Inc. announced that Terril H. Peterson resigned from the company’s board of directors on January 21, 2015.

Cachet Financial Solutions to Deploy Select Mobile Money App for Navy Federal Credit Union's New 'Go Prepaid Card'

Cachet Financial Solutions, Inc. has been selected to provide its Select Mobile Money app for Navy Federal Credit Union's new "GO Prepaid Card". With Cachet's Select Mobile Money app, Navy Federal members can load money onto their GO Prepaid Card with their Navy Federal debit or credit card, manage a companion card, view account activity and balances, as well as locate the nearest branch, ATM or Readylink cash locations from their mobile devices. Companion card members can also request funds through push messaging or suspend their card if needed.

Cachet Names Bruce Whitmore as Chief Information Officer and Executive Vice President

On January 5, 2015 Cachet appointed Bruce Whitmore to serve as the company’s chief information officer and executive vice president. Mr. Whitmore, age 52, served as Chief Technology Officer at SkyBridge Americas since June 2013. Prior to working for SkyBridge Americas, Mr. Whitmore served as Head of Information Technology and Executive Consultant for KDV Ltd. from January 2011 to June 2013. From January 2008 to January 2011, Mr. Whitmore held various IT roles at Carlson Companies. From 1992 to 1997, Mr. Whitmore held various IT roles within United Health Care Group Corporation. Mr. Whitmore earned a Bachelor of Science, Strategic Management of Information Technology from Cardinal Stritch University.

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