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Cachet Presents an Advanced Check Fraud Mitigation Tool and Best Practices at Finovate Fall 2012

September 12, 2012

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CheckReview Presented at FinovateFall 2012 with Risk Mitigation Position Paper

MINNEAPOLIS, Minn. – SEPTEMBER 18, 2012 – On September 13, Cachet Financial Solutions, a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and financial service organizations, presented their dynamic CheckReview™ product at FinovateFall. Finovate is an industry conference which features demos of innovative financial service and banking technology providers and their products. In addition to presenting their demo, Cachet also introduced a detailed position paper on remote deposit capture and check fraud mitigation.

“The ability to effectively and efficiently manage risk, especially in critical applications like financial services, can make or break an organization,” said Jeffrey Mack, President and CEO of Cachet Financial Solutions. “We developed CheckReview to address this risk and make mitigating fraud easier for our clients. In our position paper on the subject, we present a range of information on the risk of fraud and best practices for mitigating the fraud associated with RDC. The opportunity to present our solution at Finovate was an honor and also an ideal time for us to make this information available to financial organizations concerned about fraud.”

Cachet’s CheckReview solution helps financial institutions to identify potential check fraud by giving them the ability to view and validate a high-resolution digital image of the check in real time. In the past, organizations offering remote deposit capture could only view a check image after it had been cleared.By allowing access to the images when the deposit is made and before clearing, Cachet gives users greater control in mitigating check fraud. CheckReview’s user friendly interface makes managing an RDC program simple. With this program, financial institutions are able to offer a reliable and robust RDC solution for their customers, with key reporting functionality.

Cachet’s position paper, “Remote Deposit Capture and Mitigating Risk,” discusses the importance of consumer adoption of remote deposit capture technologies, specifically mobile deposit, the risks associated with RDC, and strategies for mitigating that risk. The paper is available on Cachet’s website.

View Cachet’s Demo Video from FinovateSpring 2012.

About FinovateFall
FinovateFall is a demo-based conference for innovative startups and established companies in the fields of banking and financial technology. Held in New York City, the event offers an insight-packed glimpse of the future of money via a fast-paced, intimate and unique format. FinovateFall is organized by The Finovate Group. For more information on the event or to view videos of previous demos, please visit http://www.finovate.com/fall2012.