Leading Financial Institution Partners with Cachet & Panini for Mac RDC

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Bank Executive to Discuss Solution at NACHA Payments Conference

Dayton, OH (March 29, 2011) – One of the nation’s top financial institutions has partnered with Panini, a global payments processing technology provider, and Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions, to deliver RDC to Apple Macintosh users. The Los Angeles-based bank has been a leading provider of RDC since 2006 and will extend their offering to Mac-based small businesses using Cachet’s RDC Select™, featuring the Panini I:Deal® – the first RDC solution to offer native support in a Mac environment along with true MICR check capture.

With approximately 25% of their clients using Mac solutions, the bank was aggressively searching for a RDC solution for this growing segment. “This financial institution is the first to offer a complete RDC solution to all their customers, including Mac users,” said Jeffrey Mack, President and CEO of Cachet Financial Solutions. “By utilizing the Panini I:Deal scanner and Cachet’s Select Business Mac solution, the bank will be able to offer their Mac customers all the benefits of remote deposit capture that PC owners currently enjoy.”

The bank’s Senior Product Manager will join Panini and Cachet at the NACHA Payments Conference next week in Austin, TX to discuss the solution. “It’s a very unique opportunity for attendees to interact directly with one of the industry’s pioneers in this space,” notes Michael Pratt, Chief Marketing Officer, Panini. Conference attendees can receive a demonstration of the solution and speak with the bank at the Austin Convention Center on the following days/times:

Monday, April 4 –
11:00 am – Panini Booth # 320
4:00 pm – Cachet Booth # 226
Tuesday, April 5 –
9:30 am – Cachet Booth # 226
2:45 pm – Panini Booth # 320

Cachet’s industry-leading, patent-pending RDC Select™ platform for Mac operating systems is a Web-based solution that allows financial institutions greater freedom and flexibility when providing RDC to their Mac customers. RDC Select™ is more efficient for end users and more cost-effective with reduced requirements for internal support from financial institutions. Cachet’s software solution enables merchants to process checks in a single pass, validate their authenticity and forward items to financial institutions for digital deposit, eliminating the costs associated with manual deposit processes.

The Panini I:Deal, designed specifically for small business RDC, is Cachet’s preferred check scanner offered with RDC Select™. The scanner utilizes patented technologies to deliver capabilities critical for RDC success including high quality dual-sided image capture, document franking, and advanced reading technologies in the areas of MICR and OCR. Additionally, through self-adjusting capabilities, the Panini I:Deal provides an optimal user experience in the wide variety of environmental conditions encountered in small business RDC implementations.


About Panini

Founded in Turin, Italy, Panini has enabled clients to capitalize on shifts in the global payments processing market for more than sixty years. Panini has a rich history of technology innovation, leveraging the company’s expertise in research & development. Panini’s market leading solutions are based on state-of-the-art engineering resources and ISO-9000 quality certified production. Panini offers check capture solutions that enable customers to fully realize the advantages and efficiencies available with the digital transformation of the paper check. Panini’s scalable check capture solutions address the complete range of distributed check processing opportunities including teller capture, back-counter capture, remote deposit capture and remittance processing. For more information please call 937.291.2195 or visit www.panini.com.

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 operation 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.

©2012 Cachet Financial Solutions