July 26, 2017 3:23 PM ET

Software

Company Overview of Digiliti Money, Inc.

Company Overview

Digiliti Money, Inc. provides cloud-based software-as-a-service (SaaS) financial technology (fintech) solutions to the financial services industry in the United States. It provides Select Mobile Money, a prepaid mobile money platform that links various mobile banking features with a prepaid debit card issued by financial institutions or alternative financial service (AFS) providers. The company also offers RDC product, including Select Business Merchant Capture, which provides the ability to scan and deposit checks from PC, Mac desktop computer, or mobile device; Select Mobile Deposit, which allows the ability to deposit checks anywhere and anytime by taking a picture of the front and back o...

dellFive Business Park G

18671 Lake Drive East

Minneapolis, MN 55317

United States

63 Employees

Phone:

952-698-6980

Fax:

952-698-6999

Key Executives for Digiliti Money, Inc.

Chairman, Chief Executive Officer & President
Age: 62
Total Annual Compensation: $314.8K
Executive VP & CFO
Age: 55
Total Annual Compensation: $191.7K
Executive VP & Chief Information Officer
Age: 54
Total Annual Compensation: $220.0K
Executive Vice President of Sales
Age: 59
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2016.

Digiliti Money, Inc. Key Developments

Digiliti Money Group, Inc. Announces Resignation of Ruth Owades from the Board of Directors

On July 10, 2017, Ruth Owades notified Digiliti Money Group, Inc. of her decision to resign from the company’s Board of Directors, effective immediately, due to personal reasons. At the time of her resignation, Ms. Owades was the chairperson of the Corporate Governance Committee and a member of the Compensation Committee.

Digiliti Money, Inc. Delivers Powerful New Remote Check Deposit Capabilities

Digiliti Money, Inc. added key new features to its Select Mobile™ Deposit and Select Business™ Merchant Capture solutions, which provide business customers and consumers with the convenience of depositing checks remotely and saving a trip to the bank or credit union. The updated features include CheckReview™, a real-time check fraud monitoring tool, as well as new automated return settlement capability and faster mobile multi-check capture. The new features will be available beginning June 30, 2017. Select Mobile Deposit Key Enhancements: With CheckReview, financial institutions (FI) can now review a scanned check image as a tiff image (in the X9) as well as a captured JPG image submitted by a mobile user. This allows the FI to properly review checks with zoomed out or high-resolution capture photos to help avoid potential rejections from the Federal Reserve. FIs can also approve or reject the check in real-time before it is deposited into customer account. When a customer deposits a check with Select Mobile Deposit, the FI can now add customization around holds and limits based on an account routing number. Select Business Merchant Capture Key Enhancements: FIs can better manage returns, including ones to be resettled, with limited merchant or customer involvement. Rather than requiring a manual process with every returned item, they simply upload a file with a list of returns into the Select Business platform, and the returns are automatically created and processed based on the desired outcomes. New multi-check mobile capabilities offer an improved workflow and rivals the speed of a single feed desktop scanner. FIs can now offer a more affordable and practical remote deposit capture (RDC) solution for lower volume merchants. The mobile capabilities also open up new business customer applications, enabling remote workers to deposit multiple checks quickly, easily and securely.

Digiliti Money, Inc. Partners with Galileo Processing to Deliver New Range of Mobile Features for Galileo’S Prepaid Card Provider Network

Digiliti Money, Inc. has partnered with Galileo Processing to offer Galileo’s global network of prepaid, debit and credit card program managers a broad set of mobile features and enhancements. The solution integrates Digiliti Money’s Select Mobile Money SaaS platform with Galileo’s processing capabilities. It allows program managers using Galileo’s processing services to offer their partners and end users a companion app for iOS or Android mobile devices. The mobile app can present a variety of services that helps card users personalize their mobile experience, better manage their prepaid cards and personal funds, including account management, transaction history, international remittance, bill pay, card-to-card transfer, check-to-card, and other convenient options. The app also features location-based technology that can pinpoint nearby reload locations and ATMs, as well as supports coupon loyalty programs.

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