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Holding the Line on Deposit Fraud
Payments is a business fraught with risks, not the least of which is fraud. The possibility that a check or other form of payment used in a transaction might turn out to be fraudulent has been a perennial problem for financial institutions and their customers. Fortunately, check fraud losses are…

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 are poised for even more…

Mobile RDC is About More than Just Checks
In just 10 years, remote deposit capture has significantly altered the financial services marketplace. Yet we’ve barely scratched the surface of possibilities RDC creates. By eliminating brick and mortar from the customer service equation, RDC enables an array of synergistic banking and…

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…

Prepaid + Mobile + RDC Can Help Banks & Credit Unions Reach Out to Underserved
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…

This is No Market for Dinosaurs
Although Americans may be writing fewer checks today than they were 10 years ago, checks are not about to go the way of dinosaurs. In fact, we still write checks totaling $26 trillion a year, according to the Federal Reserve Bank of Atlanta. For financial institutions this has meant finding ways…

Credit Union Value Prop Grows Stronger with RDC
Credit unions are well known for their grassroots involvement. And last week executives and board members at credit unions from across the nation brought that activist spirit to Washington for the Credit Union National Association (CUNA’s) Government Affairs Conference (GAC). It was a…

RDC and the Art of Survival
Remote deposit capture is the hottest new twist to banking since the introduction of ATMs. With some of the largest banks in the country now onboard with mobile RDC – stoking consumer interest and giving it a cool factor – RDC generally and mobile RDC in particular are fast becoming…

Making RDC a Mac-Friendly Process
Now that the Thanksgiving holiday is behind us, and our year-end rituals kick in (like shopping and budgeting), it seems a good time for reflection and planning. Not just as individuals; reflection and planning is critical to business success, too. This is especially the case as generational…

Over Cautious Bankers May Risk Customer Defections
I recently had the honor and pleasure of presenting at the McKinsey & Co. payments symposium. This is an event that regularly draws senior level executives from the largest banks in the country. Bankers in attendance were eager to learn about mobile RDC. Not that they were in the dark…

Reflections on Money2020
Last week in Las Vegas the odds were favorable for emerging payments and other financial services, as anyone with a stake in the future of money was there attending the Money2020 Expo. This sold-out event – the first of its kind – attracted innovators in retailing and communications…

Seeing the Magic in RDC
There was magic in the air in Orlando last week, and it wasn’t limited to Disney. As a lead sponsor of the RDC Summit we worked some magic, bringing to the stage a captivating and memorable performance by David Harris, a renowned corporate entertainer. David’s little sleight of hand…

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…

Reflections on FinovateFall2012
As many of you know, Finovate Fall, the financial technology showcase, was held last week in New York City. Cachet was honored to be among the 63 companies that were chosen to demo their unique financial technology innovations. (For more information on our product, CheckReview™, read…