Archive for the new generation Tag

Don’t Forget Baby Boom Generation; It Still Carries Plenty of Market Clout

There has been plenty of discussion – including here at Cachet – about the opportunities the mobile channel creates for financial institutions to attract a new generation of consumers, namely Millennials. However, as large a group as it may seem Millennials lack the financial clout…

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…

For CUs, Growth is About Capturing the Imagination of a New Generation of Members

We read and hear a lot about Generation Y these days, and for good reason. Numbering an estimated 80 million, Gen Y is the fastest growing segment of the economy. In fact, VISA estimates that by 2030 Gen Y’s numbers will exceed the combined total…

For Banks, Remaining Relevant is About Embracing Change

One key way banks can remain relevant in today’s economy is to reach and retain new, younger customers. This is no small challenge, as evidenced by the latest statistics from the FDIC. The FDIC’s just published 2011 National Survey of Unbanked and Underbanked Households reveals…

Mobility Drives New Generation of Banking

These are exciting times we live and work in. The near ubiquity of smart mobile devices, combined with the proliferation of prepaid card and electronic check technologies are dismantling barriers that have left tens of millions of Americans without affordable access to mainstream financial services,…

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