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Cachet and eDoc Innovations Partner to Provide Mobile Deposit to Credit Unions

May 29, 2012

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eDOC partners to provide Mobile Deposit capabilities

MINNEAPOLIS, Minn. – May 29, 2012 – Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) Solutions, has announced a partnership with eDOC Innovations, an industry leader in e-Document management technology for Credit Unions to provide mobile deposit. The two companies plan to make Cachet’s Select Mobile™ application available to eDOC’s more than 400 member credit unions.

“Cachet is excited about this partnership and the opportunities we see for both companies,” said Jeffrey Mack, President and CEO of Cachet Financial Solutions. “eDOC Innovations’ products are highly regarded by the nation’s credit unions and we believe that Select Mobile will be a great addition to their offerings.”

The foundation of Cachet’s mobile deposit application is convenience and simplicity for the user. Making a deposit is as easy as keying in the deposit amount, snapping photos of the front and back of the check, and then submitting them for deposit. Cachet’s service captures the check and converts it to a high-quality image. Before transmitting the images, Cachet formats the images and corrects any distortions or skewing utilizing Mitek’s patented technology and confirms that the images meet the industry’s Check 21 and mobile image-quality standards. All transactions are transmitted with multiple layers of security.

“eDOC Innovations has been providing credit unions nationwide with imaging exchange solutions including Remote Deposit Capture for over 20 years, and we are pleased to extend our offerings to include mobile deposit,” said Bret Weekes, President/CEO of eDOC Innovations. “Through our partnership with Cachet Financial Solutions, our peers and owners will be able to expand their reach and attract a new generation of users, all by offering their members the convenience of making mobile deposits wherever they may be.”

Cachet’s complete solution includes account management, sales and marketing assistance and 24/7 customer service, which provides credit unions and financial institutions the ability to quickly and efficiently deploy and market the products to their end users.

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. Cachet’s web-based business solution (available for both Mac & Windows operating systems) along with our mobile application (available on iPhones, BlackBerrys, Androids and tablets) provide financial institutions greater freedom and flexibility when providing RDC to their customers. Our industry-leading platform 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 or visit www.cachetfinancial.com.

About eDOC Innovations
Since 1992, eDOC Innovations, Inc. has delivered a comprehensive suite of e-Document strategy solutions, including eSignature automation, workflow and capture, advanced document imaging, Check21 and remote deposit check processing and a complete eCommerce consumer document portal for credit unions across the country. With industry acclaimed DocLogic™ and idocVAULT™, eDOC Innovations is a leading Credit Union Service Organization (CUSO) that provides ‘go green’ solutions and services to more than 400 credit unions nationwide. For more information about “Technology that pays for itself… again and again,”™ please visit eDOC Innovations’ corporate website at: www.edoclogic.com.