CUAOk Services, Inc. Partners With Cachet Financial Solutions for Mobile Deposit Services

MINNEAPOLIS, Oct. 27, 2011 /PRNewswire/ -- CUAOk Services, Inc. (CSI), the official service corporation for credit unions within the State of Oklahoma, announced recently that it has formed a strategic alliance with Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions, to offer Select Mobile™, Cachet's mobile remote deposit capture application.

"We are pleased to be working closely with a trusted trade association like CUAOk," said Jeffrey Mack, President and CEO of Cachet Financial Solutions. "We believe Select Mobile is an ideal solution for credit unions of all sizes seeking to provide their members with a mobile deposit service."

The foundation of Cachet's mobile deposit application is convenience and simplicity for the consumer. Cachet's Select Mobile application allows account holders to initiate mobile-deposit sessions on their smartphone or tablet equipped with a two megapixel camera. Making a deposit is as easy as keying in the deposit amount, snapping photos of the front and back of checks and sending it to the financial institution. Select Mobile captures the check and converts it to a high quality image. Before transmitting the images, Select Mobile formats the images and corrects any distortions or skewing and confirms that the images meet industry Check 21 and mobile image-quality standards. All transactions are transmitted with multiple layers of security and, if necessary, can be traced back to registered smartphones in order to combat fraud.

"CUAOk Services, Inc. sought and embraced an alliance with Cachet Financial Solutions because it fits well with most every Oklahoma credit union's mission, and that is to provide quality and convenient service to its members," said Gary Jones, President/CEO of the Credit Union Association of Oklahoma. "This product received high praise from peers around the country, and it will enhance the credit union movement in Oklahoma."

Through the strategic alliance with Cachet, CUAOk's member credit unions will be able to offer members the ability to efficiently deposit their checks regardless of where they may be. Cachet's complete solution, which includes account management, sales and marketing assistance and 24/7 customer service, provides financial institutions the ability to quickly and efficiently deploy the product to the end user. Along with Select Mobile, CUAOk member credit unions will also be able to utilize Cachet's Select Business solution for their merchant capture and consumer/home capture needs.

About Cachet Financial Solutions

Cachet Financial Solutions is a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and their customers. RDC Select™, our fully integrated, customized solution, is a unique platform that eliminates the need for financial institutions to build and manage their own RDC business. Cachet's web-based business solution (available for both Mac & Windows operating systems) along with our mobile application (available on iPhones, BlackBerrys, Androids and tablets) provide financial institutions greater freedom and flexibility when providing RDC to their customers. Our industry-leading platform has been designed to simplify the process for delivering, implementing and servicing RDC. Cachet's sophisticated marketing strategy and professional sales training program ensures our customers are successful 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 CUAOk Services, Inc.

CUAOk Services, Inc., the service corporation for the Credit Union Association of Oklahoma, is the official service corporation for credit unions within the State of Oklahoma. CSI provides products and services to credit unions that have passed a thorough due diligence process, and offer a product or service that will increase revenue, improve operations, or assist with member goodwill and satisfaction for the credit union.

The mission of the Credit Union Association of Oklahoma, and CUAOk Services, Inc., is to promote credit union philosophy; encourage unity among credit unions; and provide cooperative services essential for the stability and growth of credit unions. For more information visit www.cuaokservicesinc.com

SOURCE Cachet Financial Solutions

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