Cachet Launches CheckRisk Pro™

New Risk Mitigation Tool for Remote Deposit Capture will be introduced at BAI Retail Delivery Conference – Download PDF

MINNEAPOLIS, Minn. – October 22, 2013 – Cachet Financial Solutions, a leading provider of remote deposit capture solutions (RDC) has announced the introduction of CheckRisk Pro™, a new tool for mitigating risk in remote deposit capture programs for financial institutions and credit unions. Cachet will be demoing the product in their booth (#6029) at BAI Retail Delivery in Denver, November 5-7.

“Cachet led the RDC industry with CheckReview™, our patent-pending tool for monitoring check images in real time,” said Jeffrey Mack, President and CEO at Cachet Financial Solutions. “We know that mitigating risk is the number one concern for financial institutions looking to implement RDC programs. CheckRisk Pro helps our clients mitigate risks with a customizable platform for monitoring, decisioning, and measuring deposits from a variety of sources.”

CheckRisk Pro is a Cachet-hosted solution that enables financial institutions to collect and process deposit information from multiple channels, through x9 or ACH files, regardless of the RDC vendor. The unique platform offers financial institutions the ability to tailor the risk mitigation process to meet their individual needs, including:

• A streamlined workflow can function as an autonomous system, or with varying levels of manual interaction as needed
• Flexible decisioning rules covering a variety of variables including multiple deposit velocity metrics
• Customizable reports and metrics for tracking operational performance of RDC programs

“With the expansion of deposit channels, providing duplicate detection and MICR line verification simply wasn’t enough,” added Mack. “CheckRisk Pro provides our clients with the security, control, and flexibility they need to manage their entire deposit process.”

To learn more about CheckRisk Pro, please visit Cachet’s booth (#6029) at the upcoming BAI Retail Delivery conference or contact Cachet at [email protected] or 1.877.318.4449.

©2012 Cachet Financial Solutions