The Kentucky-based bank, which has $2.1 billion in assets and 46 locations, expects to begin offering mobile deposit to its mobile banking users by April, 2016, via integration with the bank’s mobile banking provider, MEA.

Cachet’s Select Mobile Deposit, a cloud-based software solution, will enable Whitaker Bank’s customers to use their smartphone or tablet to deposit checks electronically, anywhere, anytime, eliminating trips to the bank or ATM to deposit checks. Users will simply download the bank’s mobile banking app and use the camera on their mobile device to snap a photo of the front and back of their check and then submit electronically for deposit to their financial institution.

“We’re excited to enhance the banking experience for our customers by offering a convenient and secure mobile deposit solution that integrates seamlessly with our mobile banking app,” said Rick Lautzenhiser, Chief Information Officer at Whitaker Bank. “Cachet’s easy-to-use mobile deposit solution will help us to compete more effectively, strengthen current relationships and attract today’s mobile-first millennials.”

Unique to Cachet’s Select Mobile Deposit is the flexibility to allow unlimited business groups, with defined rules per group, regarding the acceptance of check deposits. As the relationship changes, Whitaker can move a customer up to the next level of deposit acceptance, i.e, higher deposit limits, higher limit per day, etc. Additionally, unlike other solutions that only run deposits in batches at the end of the day, Select Mobile Deposit accepts deposits throughout the day, enabling faster deposits for Cachet’s clients and their customers, and improving the overall user experience.

“The availability of mobile deposit is becoming an increasingly important factor in consumers’ decision to switch primary banks,” stated Jeffrey Mack, president and CEO of Cachet. “Mobile deposit is now table stakes for financial institutions of all sizes. To compete effectively, banks must keep up with customer demand for convenient mobile banking services, like Cachet’s Select Mobile Deposit, that help them to simplify their lives and better manage their money.”

Through 2016, more than 6,000 financial institutions will offer mRDC, which will be used by approximately 87 million customers, according to a recent Celent report, State of Remote Deposit Capture 2015. That would be up from about 5,000 financial institutions in 2015, and 62 million end users. Celent predicts RDC to account for half of retail bank deposits in 2016, compared to one third in 2015.