Cachet Financial Solutions Partners with MVi to Offer Mobile Remote Deposit to Financial Institutions Nationwide

MINNEAPOLIS, Sept. 11, 2012 /PRNewswire/ -- Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions recently announced the formation of a new partnership with Millennial Vision Inc. (MVi), document management provider and reseller of Laserfiche Electronic Content Management Software (ECM), to offer Mobile Remote Deposit to credit unions nationwide. Through the partnership, MVi will offer Cachet's Select Mobile™ application to existing and future credit union clients.

"We see the partnership as an exciting opportunity for both companies," said Jeffrey Mack, President and CEO of Cachet Financial. "Through this partnership, MVi is able to enhance their product portfolio with mobile deposit, a highly sought-after product, and by working with a well-respected company like MVi, Cachet is able to expand our market presence and enhance our customer reach."

Cachet's Select Mobile product will allow MVi's credit union clients, to offer all the advantages of RDC to their members with just a smartphone or tablet. These members are able to conduct banking remotely by simply taking a picture of their check and sending the information to their credit union via their mobile device.  All transactions are transmitted in real time with multiple layers of security and, if necessary, can be traced back to registered smartphones in order to combat fraud.

According to MVi President, Bill Poulter, MVi's interface works with Cachet's technology to capture a member's check deposit via their cell phone, create a file and run it through Check 21. "It's essentially a mobile capture system with a Check 21 solution," Poulter says. "You get the best of both worlds, and we're sure the credit unions and their members will really enjoy this convenient technology taking their mobile service up a notch or two."

About Cachet Financial Solutions
Cachet Financial Solutions is a leading financial services technology company, specializing in commercial and consumer remote deposit capture (RDC) solutions for financial institutions, credit unions, and financial service organizations. RDC Select™, our industry leading platform has been designed to simplify the process for delivering, implementing, and servicing RDC. We've eliminated the need for our clients to build and manage their own RDC business. Cachet's merchant capture solution (for both PC and Mac) and mobile application provide greater freedom and flexibility for financial institutions and their customers. Cachet's sophisticated marketing strategy and professional sales training program ensures our customers success with their RDC initiatives. Let us help you Unleash the Power of RDC!™  For more information call 877.318.4449 or visit www.cachetfinancial.com.

About Millennial Vision Inc.
Salt Lake City-based Millennial Vision Inc. (MVi) was founded in 1996 with a mission to provide quality products and services in the document management sector. Its vision is to help organizations "go paperless," committing to deliver technologies that empower staff members to create efficient document workflows. MVi offers more than imaging with a product suite that enables customers to replace paper-based processes with digital document management. For more information, visit www.mviusa.com or call 801-277-6686.

SOURCE Cachet Financial Solutions

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