Cachet Hosts Webinar to Explore Mobile Deposit Benefits & Risks

Download PDF – Celent Expert to Highlight Data, Share Stories and Best Practices from Early Adopters –

MINNEAPOLIS, MN—As SmartPhone usage soars and new applications come to market, demand for a mobile deposit solution among U.S. businesses and consumers continues to grow. Yet, many financial institutions have yet to decide on whether or not to offer the solution to their customers.

Studies show that the most significant issue preventing more institutions from offering remote deposit is the threat of check fraud. But just how significant is the risk? Does mobile deposit carry a different threat level than other remote deposit capture (RDC) offerings already in the market? And what have the mobile deposit early adopters experienced? What can institutions that have yet to launch their solution learn from them?

These are among the many important questions to be addressed in the upcoming Webinar, Mobile Deposit: Don’t Let Fear Drive You” The free, live Webinar will be hosted by Cachet Financial Solutions, a leading provider of RDC solutions, on Wednesday, June 8 at 2:00 p.m. (ET).

Joining Cachet will be Mr. Bob Meara, senior analyst from Celent and an expert in RDC, check imaging and deposit automation. Meara, himself a longtime technology consultant and marketing advisor, says that mobile deposit is a very polarizing topic among financial institutions.

“Mobile deposit is a very hot topic right now,” he says. “There are a number of institutions that have decided that they’re just not going to offer it because they fear the risk of fraud is too high. But as we talk to organizations that have implemented a mobile deposit solution, we’re finding—at least anecdotally—that most of those fears are unfounded.

“That’s not to say there aren’t risks to offering mobile deposit,” he says. “But I think most organizations would be surprised to learn that the perceived risk of check fraud is much worse than the actual risk itself.”

Meara says he will use the Webinar to conduct a candid discussion of the risks and rewards of mobile deposit as well as share real stories from organizations that have already launched a mobile deposit solution. Finally, he will discuss several risk-management approaches that could limit an organization’s risk to check fraud.


About Cachet Financial Solutions

Cachet Financial Solutions is a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and their customers. RDC Select™, our fully integrated, customized solution, is a unique platform that eliminates the need for financial institutions to build and manage their own RDC business. Our industry-leading software platform, developed to run on both Windows and Mac operating systems, has been designed to simplify the process for delivering, implementing and servicing RDC. Cachet’s sophisticated marketing strategy and professional sales training program ensures our customers are successful with their RDC initiatives. Let us help you unleash the power of RDC. For more information call 877.318.4449.

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