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Official Launch of Tablet Solution for Merchants using RDC

July 10, 2012

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Cachet Announces Official Release of Select Business Tablet.

MINNEAPOLIS, Minn. – JULY 10, 2012 – Cachet Financial Solutions, a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and financial service organizations, has announced the official launch of Select Business™ Tablet, a premier option for merchants managing Remote Deposit Capture (RDC) remotely.

Cachet was selected to present Select Business Tablet at FinovateSpring in May 2012. The company’s presentation, which demonstrated the value of the product for managing business remotely, is now available to view online at the Finovate video archives (http://www.finovate.com/spring12vid/cachetfinancial.html).

“Presenting at Finovate was an exciting opportunity for Cachet,” said Jeffrey Mack, President and CEO of Cachet Financial. “I am pleased to officially launch our tablet solution to our entire customer base. Now our customers can offer the powerful Select Business solution to business owners who need more flexibility to manage their remote deposit system.”

With Select Business Tablet, Financial Institutions and Credit Unions are able to provide merchant customers/members with a convenient, easy, and time-saving solution for managing their businesses remotely. Executives and business owners can better monitor and manage their businesses on the road with the ability to submit deposits remotely, track deposits made by their employees in the office and in the field, and supervise employees’ deposit activities. Users get all of the functionality of an advanced RDC system from their tablet device.

Financial Institutions offering Select Business have the opportunity to strengthen relationships with their business customers and increase their lifetime loyalty. In addition, Select Business Tablet provides Financial Institutions with a way to track the success of their RDC programs, as Financial Institution executives and product managers can also access and monitor the system through their tablet or PC.