The Prepaid Loyalty Challenge: Mobile is Key
Last year, nearly three in 10 adult Americans were either “unbanked” (they had no accounts at banks or credit unions) or “underbanked” (they may have had a savings account, for example, but also use check cashers and payday lenders to meet their banking needs). This according to a new study by the FDIC. That’s down slightly from 2013, but it’s still a significant number.

Combating Fraudsters with Faster, More Informed, Check Exchanges
Fraud is a multi-headed monster that threatens the integrity of business and commerce. This is especially apparent in the realm of eCommerce, as evidenced during this past holiday season.

eCommerce fraud has been spiking since 2015, when a new credit and debit card security protocol known as EMV chased counterfeit cards out of the world of brick and mortar commerce. ACI Worldwide found that eCommerce fraud attempts during the 2016 holiday season exceeded 2015 frauds by 31%, with transactions increasing by 16%. U.S. retailers are predicted to be the hardest hit, with a whopping 43% increase in so-called card-not-present (or CNP) fraud attempts estimated by ACI, a leading provider of payment services to financial institutions and merchants.

Mobile Banking Success Requires Great Service from the Get-Go
Great relationships are built on great first impressions. This is especially true in financial services where the proliferation of mobile apps has rendered fast, streamlined customer onboarding a competitive necessity. Financial institutions that ignore this maxim will find themselves at a competitive disadvantage in attracting and retaining profitable customer relationships especially among Millennials.

Banks and Credit Unions Can’t Ignore Small Business RDC
Small businesses are at the heart of the American economy. The federal government reports that businesses with 500 or fewer employees employ 60 million Americans, or about 40 percent of the workforce, and account for 45 to 50 percent of national GDP. Small businesses also contribute significantly to banking revenues. McKinsey & Company estimates nearly one-quarter of banking revenues (net of charge-offs) comes from small businesses and their owners’ personal credit and deposit products.

Mobile: The Great Equalizer for Community Banks
Community banks play a vital role in the United States, supporting economic growth with products and services that address the unique attributes and requirements of local customers. Cachet recently had the opportunity to meet with and learn first-hand from community bankers attending the Independent Community Bankers of America (ICBA) Community Banking Live convention in New Orleans.

Credit Unions are Positioned to Win Over Millennials
Download PDF In a competitive market, attracting and retaining younger customers isn’t just a good idea, it’s a prerequisite for survival. So today, all eyes are on Millennials. Born between 1980 and 2000, Millennials are the largest generation, and they are moving into their...

Payroll Cards Create New Revenue Opportunities and Stickier Client Relationships
Financial institutions looking for low-cost sources of non-interest income (and what financial institution isn’t) should consider payroll card programs. A well-run payroll card program will drive financial benefits to businesses, their employees, and financial institutions.

A Mobile Deposit Solution Expressly for Small Banks & Credit Unions
Mobile deposit rules! Well, not quite. But it certainly has a steep adoption curve, and that adoption curve is set to grow steeper with a new solution geared specifically to smaller banks and credit unions. It’s called Select Mobile™ Deposit-Express, and it’s the latest mobile deposit innovation from Cachet.

Building New Defenses Against Mobile Deposit Fraud
Mobile remote deposit capture is radically changing the competitive landscape for financial services, particularly competition for Millennials. This is good news for cost-conscious banks and credit unions, as mobile deposits are significantly cheaper to accept than in-branch deposits. Of course, there is a downside to consider: criminals, intent on undermining the integrity of the financial system, are always on the lookout for new ways to defraud companies and consumers.

Five Years & Counting: Cachet Leads the Way in Delivering 21st Century Solutions
What a difference five years make. Five years ago this month we launched Cachet Financial Solutions. We had one overriding objective: to develop and market tools that financial institutions could leverage in order to deliver and support remote deposit capture services for their business and retail customers.

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
Download PDF 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...

Prepaid is a $2.6 Billion Opportunity for Banks and Credit Unions
Download PDF 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...

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...