MINNEAPOLIS, Minn., June 10, 2014 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, a leading provider of prepaid mobile money management solutions, announced today that award-winning, Atlanta-based program manager and processor, FirstView, has selected Cachet to develop a prepaid mobile application to be offered to FirstView's cardholders.
The prepaid mobile application will be built on Cachet's award-winning Select Mobile™ Money platform and branded for each of FirstView's consumer reloadable, payroll, and small business check cashing clients. The feature-rich mobile application, to be implemented this summer, will include a variety of convenient services such as account management, transaction history, card to card transfer, location-based technology to identify nearby reload locations and surcharge-free ATMs, and check to card loading with instant good funds.
"After evaluating numerous providers and solutions for enhancing our mobile presence, we chose Cachet because their technology and the application's ease-of-use ensures the best possible customer experience," says Trent Sorbe, President and CEO of FirstView. "We required a mobile experience that preserved our clients' brand and allows for the highest level of cardholder engagement."
"FirstView is an industry innovator and long-time partner of Cachet," states Jeffrey Mack, President and CEO of Cachet. "We are very pleased that they have selected our Select Mobile Money platform to help empower their cardholders with a robust mobile solution that offers prepaid consumers maximum freedom and flexibility when managing their money."
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.
To learn more about Select Mobile™ Money, contact Cachet at info@cachetfinancial.com.
About FirstView
FirstView, LLC is a vertically integrated prepaid debit card processor and program manager. FirstView provides turnkey prepaid debit card solutions enabling clients to enjoy all the benefits of operating a fully custom prepaid debit card program, without the compliance risk, overhead and operational burden associated with entering the business directly. FirstView's unique approach to the prepaid card business allows clients to focus on what they do best — providing best in class service to their customers — while relying on FirstView as a trusted partner to navigate the complex and rapidly-changing operational, risk and compliance environment of the prepaid debit card business. The result is enhanced client and consumer satisfaction, as each program is custom built from inception and can be modified quickly in response to changing business needs. For more information, visit www.firstviewfinancial.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 (utilizing Mitek's patented image-capture technology). 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.
Cautionary statement regarding forward-looking information
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:
- our estimates of future expenses, revenue and profitability;
- trends affecting our financial condition and results of operations;
- our ability to obtain customer orders;
- the availability and terms of additional capital;
- our ability to develop new products;
- our dependence on key suppliers, manufacturers and strategic partners;
- industry trends and the competitive environment;
- the impact of losing one or more senior executive or failing to attract additional key personnel; and
- other factors referenced in this memorandum, including those set forth under the caption "Risk Factors."
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.