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Cachet Launches Select Mobile Money Platform and Custom Mobile App for Check Into Cash's U.S. Money Card

MINNEAPOLIS, March 4, 2015 (GLOBE NEWSWIRE) -- Cachet Financial Solutions (OTCQB:CAFN), a leading provider of cloud-based SaaS mobile money management technology to banks, credit unions, and financial service organizations, has launched its award-winning Select Mobile™ Money platform for Check Into Cash's U.S. Money Prepaid MasterCard®. Check Into Cash is a client of Cachet's co-marketing and payment technology partner, FirstView Financial.

Check Into Cash is a national leader in direct lending with 1,000 branches across more than 30 states, and represents the first of several FirstView commercial customers expected to deploy Cachet's Select Mobile Money over the next year.

FirstView, a leading provider of financial, mobile, and payment technology solutions, is a vertically integrated prepaid debit card processor and program manager. FirstView partnered with Cachet last June to develop a customized prepaid mobile application that has now gone live with Check Into Cash's U.S. Money Card program. The company's U.S. Money Card customers can download the new mobile app from the Apple App Store and Google Play.

Cachet's Select Mobile Money platform powers the new mobile app and provides Check Into Cash's U.S. Money Card customers a mobile platform with a variety of services, including account management, transaction history, card-to-card transfer, and other valuable services. The app also features location-based technology that can pinpoint nearby reload locations or surcharge-free ATMs. The U.S. Money Prepaid MasterCard® is issued by Metropolitan Commercial Bank (member FDIC).

"By teaming with FirstView and Cachet, we are able to deliver a full suite of mobile financial services to our U.S. Money Card customers," said Check Into Cash President, Steve Scoggins. "The mobile app will allow us to provide greater convenience and 24-hour availability to existing customers, while expanding our demographic and geographic reach to countless new customers."

According to Jerry Uffner, president and CEO of FirstView: "This deployment demonstrates how Cachet's Select Mobile Money best-in-class platform can be a key factor in winning U.S. Money Card customers for Check Into Cash, as well as a perfect model to follow for our other clients who now have the option to implement this platform."

Jeffrey Mack, president and CEO of Cachet Financial Solutions, noted: "The launch of this new Select Mobile Money app that we developed with FirstView, our longtime partner, reflects the unique value proposition of this platform and how it can improve the customer experience. We continue to see increasing demand for our comprehensive yet affordable prepaid card offerings, as more and more financial institutions adopt prepaid card offerings."

Cachet's Select Mobile Money prepaid mobile platform is a cloud-based 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 general purpose reloadable prepaid card.

About Check Into Cash

Founded in Cleveland, Tennessee, in 1993 by entrepreneur and philanthropist Allan Jones, the Check Into Cash brand is state regulated and offers customers a wide variety of financial solutions. Check Into Cash stores offer Payday Advance, Title Loans, check cashing, Western Union® money transfers, U.S. Money Prepaid Cards, and other convenient services as a complete one stop money shop.

Check Into Cash is a founding member of the Community Financial Services Association of America (CFSA), the trade association representing the payday advance industry. The CFSA advocates for best practices and promotes legislation that balances the needs of the consumer with the interests of the industry.

As a national leader and industry standard bearer, Check Into Cash firmly believes in truthful advertising and full disclosure of its services.

About FirstView

FirstView Financial is a leading provider of financial, mobile and payment technology solutions.

FirstView provides innovative payment solutions to help companies create new revenue streams, reduce cost, increase security and improve efficiency. Over the last decade FirstView has been delivering prepaid program management and processing services supporting a diverse array of prepaid card solutions. FirstView Mobile payment solutions allow companies to capitalize on the dramatic shift to mobile payments.

With decades of payment management experience, FirstView excels at innovation in the high-growth electronic, prepaid and mobile payment markets. FirstView provides turnkey prepaid debit card program solutions enabling clients to enjoy all the benefits of operating a fully custom prepaid program, without the compliance, risk management, overhead and operational burdens associated with entering the program management business directly. FirstView was recently honored with two 2015 and two 2014 prestigious Paybefore prepaid Industry Achievement Awards. Providing innovative payment solutions since 2005, the company is headquartered in Atlanta, GA. For more information, visit www.firstviewfinancial.com.

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 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: Media Contact: Judy German VP & CMO Cachet Financial Solutions, Inc. 952.698.6991 jgerman@cachetfinancial.com Investor Relations: Matt Glover or Michael Koehler Liolios Group, Inc. 949.574.3860 CAFN@liolios.com

Source:Cachet Financial Solutions