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… Read more

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… Read more

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… Read more

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… Read more

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… Read more

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… Read more

“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… Read more

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… Read more

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… Read more

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… Read more

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… Read more

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… Read more

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… Read more

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… Read more

Call me sentimental, but it is after all Valentine’s Day, which has me thinking about sweet things. Sweet is a word that speaks volumes, and not just about food. So, here’s a sweet idea for shaking free of the winter doldrums and jumpstarting customer engagement: a mobile RDC… Read more

Depositing money into a financial institution should be simple. But for many Americans that simply isn’t the case. “Bankers hours,” inconvenient locations, and draconian fee structures are just a few of the things that have sent legions of Americans looking for alternatives to… Read more