Omni-Channel Solutions Can Help Drive Small Business RDC Adoption
Small business is big business for a growing number of smaller financial institutions, and mobile RDC is helping to drive this trend. One in five banks with assets under $100 million today offers mobile deposit to small business customers, according to the consulting firm Celent...

Navy Federal Buxx Card Gets Turbo-Charged with Select Mobile™ Money
Having money is important. Having tools that help manage the money you have to maximum advantage, however, is even more important. Parents understand this all too well. That’s why it falls upon us to teach our children principles of good money management at an early age. Banks and...

Prepaid is a $2.6 Billion Opportunity for Banks and Credit Unions
Prepaid debit cards are changing the way many people bank and manage their finances. It’s not just the unbanked and the under-banked, either. Prepaid debit card users include a wide swath of Americans, all with one common goal: to take control of their finances. They see prepaid cards as a...

Holding the Line on Deposit Fraud
Payments is a business fraught with risks, not the least of which is fraud. The possibility that a check or other form of payment used in a transaction might turn out to be fraudulent has been a perennial problem for financial institutions and their customers. Fortunately, check fraud losses are...

New Prepaid Mobile Platform Adds Functionality, Flexibility to Product Line
Here at Cachet, remote deposit is our core product. Our success at this is demonstrated every day by innovative companies like the Ingo Money Network, the Simple mobile bank, the H&R Emerald card, and Yellow Pepper Mobile, a mobile pioneer in Latin America. Now we are poised for even more...

Mobile RDC is About More than Just Checks
In just 10 years, remote deposit capture has significantly altered the financial services marketplace. Yet we’ve barely scratched the surface of possibilities RDC creates. By eliminating brick and mortar from the customer service equation, RDC enables an array of synergistic banking and...

Let Us Help Manage Your RDC Risk Appetite
This week the Cachet team travels to Denver for the official roll out of CheckRisk Pro™ at BAI Retail Delivery 2013. CheckRisk Pro is Cachet’s response to growing concerns banks and credit unions have about risks when remote deposit capture is added to the product mix. It was...

Supercharging Prepaid Card Programs with Mobile Apps
Prepaid debit card adoption is flourishing as more and more Americans look for alternatives to traditional bank accounts. Last year Americans loaded nearly $200 billion onto prepaid debit cards, and year-over-year growth continues at a healthy clip. Unfortunately, prepaid cards have not been a...

Don’t Forget Baby Boom Generation; It Still Carries Plenty of Market Clout
There has been plenty of discussion – including here at Cachet – about the opportunities the mobile channel creates for financial institutions to attract a new generation of consumers, namely Millennials. However, as large a group as it may seem Millennials lack the financial clout of...

4 Steps to a Successful Market Plan: #4 Measurement
Monitoring and measuring the results of an RDC initiative is all too often an over-looked and under-valued part of the implementation process. It is, however, a crucial piece to understanding your program’s current success and determining new or improved ways to ensure the program continues...

4 Steps to a Successful RDC Market Plan: #3b Promotions
Last week I wrote a post about promoting your business RDC programs. If you haven’t had a chance to read it, you can find it here . As promised I’m following up today with ideas for promoting your consumer RDC programs. One thing you’ll notice about the following examples...

4 Steps to a Successful RDC Market Plan: #3a Promotions
In my last posts in this series, I didn’t distinguish between strategies for merchant RDC or consumer RDC. However, when planning your RDC promotion activities, the approach you take will depend on the solution you are offering. Today I’m posting my top 10 strategies for...

4 Steps to a Successful RDC Market Plan: #2 Training
“It’s important to recognize that new products will only be as successful as the managers and front-line employees who sell and service them”. -Teresa Tschida, Gallup Business Journal An obvious, but oft overlooked fact – having a well-trained and motivated staff...

4 Steps to a Successful RDC Market Plan: #1 Planning
With the growing media attention around remote deposit capture (RDC) you might assume the product sells itself. However, as with all new products, a market plan is critical to the economic success of your RDC initiative. It is the blueprint for how you plan to achieve your program goals and...

Banking in the New Millennium
Bankers for years have operated under the assumption that “if you build it they will come.” ATMs are one example; credit cards are another. ATMs didn’t gain any significant traction until banks started networking the machines, in the early 1980s. As for credit cards, even though...

Ingo: It’s Fast; It’s Reliable; and It’s a Lifeline for the Unbanked...
Fast service has become a staple of American life. We’re accustomed to fast in-and-out foods, prescriptions, car washes, and, of course, fast cash access via ATMs. So why not fast in and out check deposit? That’s the thinking behind the unveiling of “Ingo – the Good Funds...

Prepaid + Mobile + RDC Can Help Banks & Credit Unions Reach Out to Underserved
As the ranks of young Americans, driven by economic forces, shun banks and credit unions in favor of alternative financial services providers (like check cashing and prepaid card programs), they create a deep impact on the existing financial services marketplace. If finanial institutions fail to...

This is No Market for Dinosaurs
Although Americans may be writing fewer checks today than they were 10 years ago, checks are not about to go the way of dinosaurs. In fact, we still write checks totaling $26 trillion a year, according to the Federal Reserve Bank of Atlanta. For financial institutions this has meant finding ways...

Mobile Deposit is Key to Prepaid Success
Are checks taking a back seat to prepaid debit cards? Maybe not in all circumstances but there’s an obvious trend away from checks and toward prepaid cards. The consulting firm Aite Group recently reports that the market for prepaid debit cards (including payroll cards) is growing...

Credit Union Value Prop Grows Stronger with RDC
Credit unions are well known for their grassroots involvement. And last week executives and board members at credit unions from across the nation brought that activist spirit to Washington for the Credit Union National Association (CUNA’s) Government Affairs Conference (GAC). It was a...