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Cachet Financial Solutions to Feature Select Mobile(TM) Prepaid at Prepaid Expo 2013

MINNEAPOLIS, Feb. 26, 2013 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, a leading provider of remote deposit capture solutions (RDC), is pleased to announce their participation at the 8th Annual Prepaid Expo, March 4-6 in Orlando, Florida. Cachet will be exhibiting at booth #527 and will be featuring their premier mobile check capture solution, Select Mobile™ Prepaid, for banks, credit unions, and financial service organizations with prepaid card programs.

A November 2012 study by American Banker identified prepaid cards as one of the largest growing trends in financial services, confirming the trend of prepaid card growth across the industry, beginning with "non-traditional" financial providers in 2010. In response, banks and credit unions are beginning to evaluate and offer prepaid cards, including general-purpose reloadable programs.

"The growth of prepaid in the past year was incredible," said Jeffrey Mack, President and CEO at Cachet Financial Solutions. "Cachet takes pride in adapting our services to meet evolving market needs, and we wanted to extend the convenience of mobile capture to the prepaid industry. We were the first to introduce a comprehensive, mobile loading application for the prepaid market in 2011, and the response to this product from all players has been tremendous."

Cachet's Select Mobile Prepaid solution is tailored to the prepaid industry with a patent-pending interface-flow that includes an intuitive user interface, fee disclosures/acceptance, and location services, and the ability to provide Instant Good Funds through a fully-integrated check guarantee partner. Cachet's solution can be offered as a stand-alone application or integrated into an existing mobile banking platform and is customizable for banks, credit unions, and other financial service providers.

"We look forward to attending the Prepaid Expo as an occasion to exhibit our solution, but also as an opportunity to learn more about the market and discuss new ideas with our partners, clients, and other attendees, " said Mack. "We invite all attendees to visit us at booth 527 to engage with us on the future of prepaid and learn more about our solutions."

About Cachet Financial Solutions Inc

Cachet Financial Solutions is a leading financial services technology company specializing in commercial and consumer remote deposit capture (RDC) solutions for Mac, PC and Mobile. Our industry-leading platform has simplified the process of developing, deploying and servicing remote deposit capture (RDC), minimizing cost and accelerating speed-to-market and ROI for our clients. With our complete suite of business and consumer RDC solutions, financial institutions and credit unions can better serve the needs of all their customers/members. For more information how Cachet can help you Unleash the Power of RDC, call 1.877.318.4449 or email info@cachetfinancial.com.

The Cachet Financial Solutions logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16013

CONTACT: Manon Ibes Cachet Financial Solutions (952) 698-6952

Source: Cachet Financial Solutions