Archive for the prepaid Tag

Prepaid is a $2.6 Billion Opportunity for Banks and Credit Unions

Prepaid debit cards are changing the way many people bank and manage their finances. It’s not just the unbanked and the under-banked, either. Prepaid debit card users include a wide swath of Americans, all with one common goal: to take control of their finances. They…

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…

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…

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.