MINNEAPOLIS, April 11, 2016 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, Inc. (OTCQB:CAFN), a leading mobile fintech provider, and Ingo Money, Inc., a fast funds and digital money movement innovator, have renewed their longstanding partnership, reaffirming Cachet as Ingo Money’s primary mobile imaging technology provider for its mobile check cashing Software Development Kit (SDK) platform serving prepaid card program clients.
The Ingo Money service is the industry’s first real time money movement platform, enabling consumers to cash checks digitally and transfer the funds instantly to almost any bank account, prepaid card, credit card or PayPal account. Through the Ingo Money SDK platform, prepaid card program providers extend mobile check cashing capabilities to their customers, enabling their prepaid cardholders to load check funds in minutes, irreversibly, to make purchases and pay bills with confidence.
Since 2013, Cachet has been a preferred image capture technology provider for Ingo Money. Cachet’s imaging technology is integrated into the Ingo Money SDK service, enabling prepaid cardholders to submit check images to Ingo Money using their smartphones. With the renewed partnership, Cachet will continue to provide mobile imaging capabilities to Ingo Money SDK clients and users, improving the quality of check images to facilitate quicker check approval and deliver a better user experience.
“We’re very pleased to continue our longstanding, successful partnership with Cachet,” said Drew Edwards, founder and CEO of Ingo Money. “Cachet has played a valuable role over the last few years in helping Ingo Money make mobile check cashing faster, easier and more secure for our clients and their customers. I look forward to building on what we’ve already accomplished together and continuing our track record of innovation.”
“We value our relationship with Ingo Money and are proud of our successful collaboration in bringing the latest mobile imaging technology to bear to optimize the mobile deposit experience for Ingo Money’s clients and their prepaid cardholders,” added Jeffrey Mack, president and CEO of Cachet Financial Solutions. “Our relationship with Ingo Money is one example of the diverse partnerships we will continue to cultivate to maximize the value we offer the payments industry and our clients.”
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 solutions for PC, Mac and mobile. Founded in early 2010, Cachet has quickly grown into a technology leader and trusted partner of some of the world’s largest and most respected financial organizations. With remarkable growth, an impressive client base and award-winning technologies, Cachet continues to drive innovation and deliver world-class solutions to financial institutions of all sizes.
The company's industry-leading solutions help clients to increase customer engagement, grow revenues and gain competitive advantage. Cachet's cloud-based technology platform simplifies development, deployment and servicing of consumer and commercial solutions—minimizing cost and accelerating speed-to-market and ROI. Enabled by Cachet's complete suite of business and consumer solutions, financial institutions can better serve the needs of all their customers. For more information, visit www.cachetfinancial.com.
About Ingo Money
Ingo™ Money transforms deposits for the 138 million American consumers and 15 million small business owners that need instant access to their money by digitizing the more than $20 trillion paper check industry. The Ingo Money App, with First Century Bank, N.A., enables anyone to take a photo of a check and submit it for approval and instant funding to almost any bank account, prepaid card, credit card or PayPal account. Learn more at ingomoney.com, or follow us on LinkedIn, Google+, Facebook and Twitter.
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 10K filed with the Securities and Exchange Commission on April 14, 2015 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 Contacts: Judy German, VP & CMO Cachet Financial Solutions, Inc. 952.698.6991 firstname.lastname@example.org Investor Relations: Matt Glover or Najim Mostamand Liolios Group, Inc. 949-574-3860 CAFN@liolios.com
Source:Cachet Financial Solutions