MINNEAPOLIS, July 21, 2014 (GLOBE NEWSWIRE) -- Cachet Financial Solutions (OTCQB:CAFN), a leading provider of prepaid mobile money management solutions, has been selected to present its award-winning prepaid mobile solution, Select Mobile™ Money, at the 2014 FinovateFall Conference on September 23-24 in New York City. Cachet previously demonstrated its technology at the FinovateSpring and FinovateFall Conferences in 2012.
The two-day conference features presentations of the latest financial and banking technology innovations before an audience of more than 1,000 leading financial executives, venture capitalists, industry analysts, and entrepreneurs. After a competitive application process, Cachet was chosen to demonstrate its award-winning Select Mobile Money prepaid mobile platform, a cloud-based SaaS solution that enables financial institutions to offer their prepaid cardholders a full suite of convenient financial services in one easy-to-use mobile application.
"We are honored to be selected to present at Finovate for a third time," said Jeffrey Mack, president and CEO of Cachet Financial Solutions. "Select Mobile Money is transforming the prepaid experience by linking prepaid card programs to the mobile environment, creating stickier customer relationships and extending the life of the prepaid card."
Available for iOS and Android systems, the Select Mobile Money platform can be integrated with existing card programs or used to develop a new prepaid card program, complete with feature-rich mobile app and branded general purpose reloadable prepaid card. The platform's powerful back-end analytics enable financial institutions to segment customers based on behavior and send relevant marketing notifications that keep customers engaged.
"We are excited to welcome Cachet back to FinovateFall to present their Select Mobile Money solution," said Eric Mattson, CEO of Finovate. "Mobile access is changing the way people think about financial services, including prepaid debit cards, and deploying a mobile strategy has become an imperative for growth."
About Cachet Financial Solutions, Inc.
Cachet Financial Solutions is a leading cloud-based, SaaS technology provider serving the financial services industry with mobile money management and remote deposit capture solutions for PC, Mac and Mobile. Our industry-leading solutions help clients to increase customer/member engagement, grow revenues and gain competitive advantage. Cachet's cloud-based technology platform simplifies development, deployment and servicing of clients' consumer and commercial solutions—minimizing cost and accelerating speed-to-market and ROI. With our complete suite of business and consumer solutions, financial institutions can better serve the needs of all their customers/members. For more information, visit www.cachetfinancial.com .
Forward-Looking Statements
This press release contains certain statements that would be deemed "forward-looking statements" under Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1933 and includes, among other things, discussions of our business strategies, future operations and capital resources. Words such as "may," "likely," "anticipate," "expect" and "believes" indicate forward-looking statements.
These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. Forward-looking statements include statements about the anticipated closing of our initial public offering and the number of shares to be sold in the offering.
Forward-looking statements reflect our current views with respect to future events are based on assumptions and are subject to risks and uncertainties. We discuss many of these risks in greater detail in our Current Report on Form 8K filed with the Securities and Exchange Commission on February 12, 2014 under the heading "Risk Factors" and in the other reports we file with the Commission. Given these uncertainties, you should not attribute undue certainty to these forward-looking statements. Also, forward-looking statements represent our estimates and assumptions only as of the date of this press release. Except as required by law, we assume no obligation to update any forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
CONTACT: Judy German Vice President, Chief Marketing Officer Cachet Financial Solutions 952-698-6991 jgerman@cachetfinancial.com
