MINNEAPOLIS, April 21, 2015 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, Inc. (OTCQB:CAFN), a leading provider of cloud-based SaaS mobile money technologies to banks, credit unions and alternative financial services (AFS) providers, has announced that its award-winning Select Mobile™ Money prepaid mobile platform now supports Apple Watch™ .
Select Mobile Money users who own an Apple Watch will be able to download the custom app and seamlessly access key financial services via the new wearable device. With just a quick glance at their wrists, users will be able to check their account information, view recent financial transactions and locate the nearest ATM or card loading location. Cachet's Select Mobile Money clients will also be able to send personalized push marketing messages that will help them to connect and engage with their prepaid cardholders.
"An enhanced banking experience is needed to attract new Millennials," stated Youri Bebic, SVP of Mobile Innovations for Cachet Financial Solutions. "The Apple Watch, with Cachet's easy-to-use, customized Select Mobile Money app, is likely to be well received by this hotly pursued demographic, which tends to be early adopters of cool, new technologies. Helping our clients to win the digital natives gives them an early mover advantage and higher lifetime value with these customers."
"We are committed to bringing leading-edge technologies to our financial institution clients," noted Jeffrey Mack, president and CEO of Cachet Financial Solutions. "Our Select Mobile Money app for the Apple Watch makes banking faster, easier and more fun, giving our clients a competitive advantage in attracting and retaining prepaid cardholders, and bringing more bank, credit union and AFS provider clients to Cachet."
Cachet's Select Mobile Money platform empowers end users with a mobile platform that replicates all the main services available at a physical bank or credit union. This includes account management, transaction history, card to card transfer, bill pay, remittance and check to card loading with "instant good funds" via check guarantee partner, Ingo Money.
Apple Watch functionality is available to Select Mobile™ Money platform clients as an upgrade or an additional option for new clients.
About Select Mobile™ Money
Cachet's Select Mobile Money prepaid mobile platform is 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. 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.
To learn more about Select Mobile Money, contact Cachet at info@cachetfinancial.com .
About Cachet Financial Solutions, Inc.
Cachet Financial Solutions is a leading cloud-based, SaaS technology provider serving the financial services industry with mobile money and remote deposit capture (RDC) 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 April 14, 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.
Media Contact: Judy German VP & CMO Cachet Financial Solutions, Inc. 952.698.6991 Investor Relations: Matt Glover or Michael Koehler Liolios Group, Inc. 949.574.3860
