MINNEAPOLIS, Oct. 26, 2015 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, Inc. (OTCQB:CAFN), a leading provider of mobile money management technology to banks, credit unions and other financial services organizations, announced today at the Money20/20 show in Las Vegas, that they have enhanced the company’s award-winning Select Mobile™ Money prepaid mobile platform with a suite of leading-edge security and engagement features. 

Cachet announced the enhancements during a Money20/20 presentation titled: Turbo-Charging Prepaid Card Programs with the Power of Mobile. Cachet’s CEO and President, Jeffrey Mack, and SVP of Emerging Markets, Brett Walker, presented the following innovative new enhancements to Select Mobile Money, the first mobile platform for the prepaid industry:

  • Fingerprint Authentication: enhanced security with user-controlled fingerprint scanner feature for Apple and Samsung devices
  • Predictive Analytics with Integrated In-App Messaging: enables use of general or custom predictions and targeted in-app marketing campaigns based on predicted user behavior
  • Mobile Coupons: a national coupon network that provides incentive for cardholders to use the app every day
  • New User Interfaces: easy navigation and support for banner advertising and in-app push notifications, as well as multi-user login, and the ability to view your card balance without logging into the app
  • Multi-Language Support: English and Spanish support now available, and other languages available by request

“These exciting new enhancements empower prepaid providers to more effectively inform, engage and communicate with their cardholders,” said Jeffrey Mack, president and CEO of Cachet. “Deepening cardholder relationships with our Select Mobile Money prepaid mobile platform is the key to building sticker relationships and extending the life and overall value of the prepaid card.”

Cachet is also exhibiting at Money20/20 in booth #1547, and featuring their Select Mobile Money and Select Mobile™ Account Opening solutions. Cachet’s Select Mobile Account Opening solution enables financial institutions to increase their mobile forms completion rates by allowing customers to take photos of their ID’s instead of manually entering the data. The information from the photo ID automatically populates the mobile form, eliminating the cumbersome manual entry typical of mobile forms completion. To learn more about Select Mobile Money or Select Mobile Account opening, click here, or contact Cachet at info@cachetfinancial.com.

About Money20/20
Money20/20 is the largest global event enabling payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. With 10,000+ attendees, including more than 1,000 CEO’s from over 3,000 companies and 75 countries, expected at its 2015 U.S. event, Money20/20 is critical to realizing the vision of disruptive ways in which consumer and businesses manage, spend and borrow money.

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.

Forward-Looking Statements
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.

Rob Wells, Media Relations

Investor Relations:
Darin McAreavey, EVO & CFO
Cachet Financial Solutions, Inc.