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Last $0.36 USD
Change Today -0.04 / -10.00%
Volume 5.5K
CAFN On Other Exchanges
Symbol
Exchange
OTC BB
As of 8:10 PM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

cachet financial solutions i (CAFN) Snapshot

Open
$0.35
Previous Close
$0.40
Day High
$0.43
Day Low
$0.35
52 Week High
08/13/14 - $1.69
52 Week Low
06/2/15 - $0.30
Market Cap
6.1M
Average Volume 10 Days
30.8K
EPS TTM
--
Shares Outstanding
17.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CACHET FINANCIAL SOLUTIONS I (CAFN)

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cachet financial solutions i (CAFN) Details

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 remotely. The company markets its mobile money management product under the Select Mobile Money name. In addition, the company offers training and support services for its financial services industry customers. It serves financial institution markets and financial service organizations, including banks, credit unions, card issuers, check cashers, and payday lenders. Cachet Financial Solutions Inc. is headquartered in Minneapolis, Minnesota.

63 Employees
Last Reported Date: 07/21/15

cachet financial solutions i (CAFN) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $262.9K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $163.4K
Executive Vice President of Product Developme...
Total Annual Compensation: $188.8K
Executive Vice President of Sales
Total Annual Compensation: $188.8K
Compensation as of Fiscal Year 2014.

cachet financial solutions i (CAFN) Key Developments

Cachet Financial Solutions, Inc. to Deploy Commercial Remote Deposit Capture (RDC) Solution for 1st Century Bank

Cachet Financial Solutions, Inc. announced that it will deploy its Select Business™ Merchant Capture platform for 1stCentury Bank. The bank will begin transitioning select clients from their current business RDC platform to Cachet's Select Business by the end of this summer. Select Business, a cloud-based software solution, will enable the bank to offer its Mac-based business customers the ability to electronically deposit checks using their office desktop scanner, eliminating a trip to the bank or ATM. The bank's business customers will also be able to better monitor and manage their businesses on the road with the ability to submit multiple check deposits remotely, track deposits made by their employees in the office and in the field, and supervise employees' deposit activities, all via their mobile devices.

Cachet Financial Solutions to Deploy Prepaid Mobile Platform for SOLE Financial's Visa Paycard

Cachet Financial Solutions announced that it will deploy its Select Mobile Money platform for SOLE Financial's Visa Paycard. SOLE Paycard users will have access to a full suite of convenient mobile account services through Cachet's mobile platform. Users can view balances and transaction detail, pay their wireless bill, transfer funds and reload money; all from inside the app. Users will also have the ability to access their deposits within minutes with an 'instant good funds' feature. The app will also offer location-based technology that can pinpoint nearby reload locations and ATMs. Powerful back-end analytics will enable employers to segment cardholder behavior as well as send relevant marketing messages to keep their employees engaged in using the mobile application.

Cachet Financial Solutions Announces Partnership with Advanced Fraud Solutions

Cachet Financial Solutions, Inc. has established a partnership with Advanced Fraud Solutions (AFS). Cachet's Select Mobile™ Deposit RDC platform will integrate with AFS's TrueChecks™ service to provide financial institutions with the ability to check deposited items against all RDC channels in real time, matching against AFS's databases, which are updated daily to reduce risk, detect duplicates and improve fund availability policies. Integration with AFS's database adds depth to Cachet's platform, enabling financial institutions to mitigate risk in real time, across all points of deposit capture. Risk mitigation is facilitated through configurable risk filters and workflow that allows for both human and automated review. Any checks identified as counterfeit, NSF, duplicate, or associated with a closed account, will be rejected, protecting Cachet's clients from associated losses.

 

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Industry Analysis

CAFN

Industry Average

Valuation CAFN Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.2x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.8x
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