MINNEAPOLIS, April 15, 2016 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, Inc. (OTCQB:CAFN), a leading mobile fintech provider, and Allied Solutions announced today they are expanding their long-standing strategic partnership to begin offering Cachet’s mobile check payments solution, Select Mobile™ NowPay to their financial institution clients nationwide.
Allied first partnered with Cachet in 2011 to offer Cachet’s mobile deposit solution, Select Mobile™ Deposit, to its financial institution clients. Adding Cachet’s NowPay mobile check payment solution to their menu of offerings will now also provide their customers with access to an easy, self-service mobile payment channel that will help them drive efficiencies, while reducing the risk of overhead and delinquencies.
“To help our customers remain competitive, we need to lead the way in delivering innovative solutions and fueling new initiatives that will help our clients thrive in this digital-driven marketplace,” said Brian Timson, Allied Solution’s Vice President of Partner Development. “Working with Cachet to offer NowPay will enable our customers to have access to a solution that capitalizes on the emerging digital payment channel, which in turn will allow them to attract consumers and uncover new revenue opportunities.”
With NowPay mobile payments technology, smartphone users can make electronic check payments on the go by simply snapping a photo of their signed check and submitting it for payment on their auto, healthcare, housing or other type of recurring bill. By being able to make their payments by check anywhere and anytime, consumers can avoid needing to make special trips to the post office, bank or loan office, and can reduce the worry of late payments. NowPay facilitates more timely payments, reduces check processing costs and delinquencies, keeps accounts receivables current, and creates a new revenue opportunity for financial institutions.
“Allied is a longstanding, valued partner and we’re delighted to expand our partnership,” commented Jeffrey Mack, president and CEO of Cachet Financial Solutions. “By working jointly to offer NowPay, we can provide financial service organizations with a highly convenient mobile check payment option that facilitates more timely payments and transforms the payment experience for their consumers.”
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 Allied Solutions, LLC
Allied Solutions, LLC, is one of the largest providers and distributors of insurance, lending and marketing products to financial institutions. Allied Solutions offers a portfolio of innovative technology-based solutions customized to meet the needs of our 4,000 clients. Allied Solutions maintains 17 regional offices and service centers around the country and is a wholly owned subsidiary of Minnesota Life Insurance Company and independently operated under the umbrella of the Securian Financial Group, Inc. For more information, visit http://www.alliedsolutions.net.
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 email@example.com Amy Hearn, VP, Marketing & Communications Allied Solutions 817.366.8571 firstname.lastname@example.org Investor Relations: Matt Glover or Najim Mostamand Liolios Group, Inc. 949-574-3860 CAFN@liolios.com
Source:Cachet Financial Solutions