Cachet Financial Solutions Launches Select Mobile(TM) Money at Money2020

Approved Cash Advance Will be the First to Implement the Prepaid Industry’s New Mobile Money Management Application and Technology Platform

MINNEAPOLIS, Oct. 8, 2013 (GLOBE NEWSWIRE) — Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions has announced the launch of a new mobile money management application and technology platform, Select Mobile™ Money, at the Money2020 Conference in Las Vegas. Personal finance company, Approved Cash Advance, will be the first client to implement this innovative new technology. The Select Mobile Money application will be available as a white-label solution for prepaid card program managers and other financial service organizations, like Approved Cash Advance, and offers prepaid card users an array of convenient features for managing their money. The technology platform also features a unique API structure which can be integrated into existing mobile wallet applications. More information about Select Mobile Money will be available at Cachet’s exhibit booth, #531, at Money2020.

“Prepaid card users today are increasingly looking to their mobile devices to help them better manage all aspects of their lives, especially their finances,” states Jeffrey Mack, President and CEO at Cachet Financial Solutions. “Cachet’s Select Mobile Money makes it easy for our clients to offer their customers a full suite of services in one simple to use mobile app. No other prepaid mobile money solution currently gives program managers the ability to offer this range of services to their customers.”

Select Mobile Money provides financial service organizations with a flexible and scalable platform that can be customized to meet their unique business needs today, with the potential to add additional functionality as their needs evolve. The application’s dynamic content management system allows for instant changes and customization of the application, including in-app advertisements and branding. Prepaid card users can choose from a variety of services to help them better manage their money, all from the convenience of their smartphone or tablet:

• Account Information – access to view balances and transaction history, manage accounts, and set custom alerts
• Check to Card Fund Loading – load check funds to their prepaid cards via Cachet’s patent-pending check-to-card loading technology, including instant good funds through partnership with Ingo® – The Good Funds Network®
• Expedited Bill Pay – one hour expedited bill pay with integrated service through Cachet’s partner network
• International Remittance – international money transfers via integration with Cachet’s partner network
• Payday Lending – apply for loans via Cachet’s patent-pending mobile lending technology
• Omni-Channel Access – integrated web platform provides the same level of support and services across channels

“Since our founding in 2004, Approved Cash Advance has made a commitment to providing our customers with the best money management tools,” said Joshua Davis, Chief Operating Officer. “With Select Mobile Money, we honor that commitment and strengthen customer relationships by offering the latest in mobile financial services to help them meet their financial needs.”

To learn more about Select Mobile Money please visit Cachet’s booth, #531, at the Money2020 Conference, or contact Cachet Financial Solutions at [email protected] or 1.877.318.4449.

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 solutions, financial institutions can better serve the needs of all their customers/members. For more information on how Cachet can help you Unleash the Power of RDC, call 1.877.318.4449 or email [email protected].

About Approved Cash Advance

Headquartered in Cleveland, Tennessee, Approved Cash Advance operates 183 branch locations throughout Alabama, Louisiana, Michigan, Mississippi, Oklahoma, South Carolina, Tennessee and Virginia. Once known solely as a provider of payday loans, the company has broadened its portfolio to include vehicle title loans, check cashing, tax return preparation, and pre-paid debit cards. The company was founded in 2004. For more information, please visit www.approvedcashadvance.com.

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