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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…

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 great…

Banking in the New Millennium

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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…

Ingo: It’s Fast; It’s Reliable; and It’s a Lifeline for the Unbanked and Underbanked

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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…

Prepaid + Mobile + RDC Can Help Banks & Credit Unions Reach Out to Underserved

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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…

Mobile Deposit is Key to Prepaid Success

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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…

Banking Should be Simple

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 banks and…

Reflections on Money2020

Last week in Las Vegas the odds were favorable for emerging payments and other financial services, as anyone with a stake in the future of money was there attending the Money2020 Expo.  This sold-out event – the first of its kind – attracted innovators in…

Mobile RDC Makes Prepaid Debit a Practical Bank Alternative for Underbanked

It’s sounds incredible, but it’s true: in 21st Century America more than one in four households is either unbanked or underbanked, according to the Federal Deposit Insurance Corporation’s (FDIC) latest national survey. In addition, the ranks of the unbanked and underbanked are growing; the FDIC’s…

Reflections on FinovateFall2012

As many of you know, Finovate Fall, the financial technology showcase, was held last week in New York City. Cachet was honored to be among the 63 companies that were chosen to demo their unique financial technology innovations. (For more information on our product, CheckReview™,…

Cachet Financial Solutions is a leading provider of remote deposit capture solutions for financial institutions, credit unions, and financial service organizations.