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Cachet launches mobile money platform for Check Into Cash card

04 March 2015  |  2210 views  |  0 Source: Cachet Financial Solutions

Cachet Financial Solutions (CAFN), a leading provider of cloud-based SaaS mobile money management technology to banks, credit unions, and financial service organizations, has launched its award-winning Select Mobile Money platform for Check Into Cash's U.S. Money Prepaid MasterCard.

Check Into Cash is a client of Cachet's co-marketing and payment technology partner, FirstView Financial.

Check Into Cash is a national leader in direct lending with 1,000 branches across more than 30 states, and represents the first of several FirstView commercial customers expected to deploy Cachet's Select Mobile Money over the next year.

FirstView, a leading provider of financial, mobile, and payment technology solutions, is a vertically integrated prepaid debit card processor and program manager. FirstView partnered with Cachet last June to develop a customized prepaid mobile application that has now gone live with Check Into Cash's U.S. Money Card program. The company's U.S. Money Card customers can download the new mobile app from the Apple App Store and Google Play.

Cachet's Select Mobile Money platform powers the new mobile app and provides Check Into Cash's U.S. Money Card customers a mobile platform with a variety of services, including account management, transaction history, card-to-card transfer, and other valuable services. The app also features location-based technology that can pinpoint nearby reload locations or surcharge-free ATMs. The U.S. Money Prepaid MasterCard(R) is issued by Metropolitan Commercial Bank (member FDIC).

"By teaming with FirstView and Cachet, we are able to deliver a full suite of mobile financial services to our U.S. Money Card customers," said Check Into Cash President, Steve Scoggins. "The mobile app will allow us to provide greater convenience and 24-hour availability to existing customers, while expanding our demographic and geographic reach to countless new customers."

According to Jerry Uffner, president and CEO of FirstView: "This deployment demonstrates how Cachet's Select Mobile Money best-in-class platform can be a key factor in winning U.S. Money Card customers for Check Into Cash, as well as a perfect model to follow for our other clients who now have the option to implement this platform."

Jeffrey Mack, president and CEO of Cachet Financial Solutions, noted: "The launch of this new Select Mobile Money app that we developed with FirstView, our longtime partner, reflects the unique value proposition of this platform and how it can improve the customer experience. We continue to see increasing demand for our comprehensive yet affordable prepaid card offerings, as more and more financial institutions adopt prepaid card offerings."

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. 

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