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MnIPC Collaboration with Cachet Offers CUs Mobile Banking Competitive Advantage

Rachel Anderson
(800) 477-1034, (651) 288-5527
randerson@mncun.org

Northwoods Credit Union is first to benefit from relationship

ST. PAUL, Minn. – This week MnIPC announced that Northwoods Credit Union in Cloquet, Minn., was the first of its clients to sign onto mobile remote deposit capture offered through Cachet Financial Services. Understanding the importance of offering credit unions premier check processing solutions, MnIPC has collaborated with Cachet to offer its clients mobile deposit services. MnIPC is a premier check processor for financial institutions that provides a full suite of item processing services. Cachet Financial Solutions is a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and credit unions.

Northwoods Credit Union has partnered with the two organizations to integrate mobile remote deposit capture into its mobile banking platform. Through this technology, members can make a deposit by taking a picture of a check with their phone and sending it onto the credit union. Cachet’s CheckReview™ product monitors the deposits with real-time image verification, and MnIPC completes the cycle by processing Northwoods Credit Union’s checks.

“Our members are part of a mobile nation,” said Northwoods Credit Union President Barb Brown. “Northwoods was looking for a way to meet their needs, and with Cachet and MnIPC we are really getting the full package. Their services will provide greater freedom and convenience to our member base.”

Remote mobile deposit enables credit unions to expand their marketing footprint, strengthen existing member relationships, provide members greater convenience, and attract new deposit members. Through Cachet’s Select Mobile™ Product, MnIPC clients provide members the ability to deposit either personal or business checks via smartphones with cameras, including iPhone, Android, BlackBerry, and select tablets.

“MnIPC is committed to helping its clients stay up-to-date with the most recent check processing technologies. Through the mobile deposit platform, credit unions can distinguish themselves as organizations dedicated to meeting and surpassing members’ needs,” said MnIPC Vice President Michelle Carlson. “Our partnership with Cachet Financial Services enables us to further our model to provide unmatched service and technology.”

MnIPC is an independent processor serving credit unions for more than 30 years. MnIPC provides a full suite of item processing services, as well as remote deposit capture, return item processing, online image access, and adjustment processing. With a strong dedication to credit unions, MnIPC’s experienced staff provides unsurpassed customer service to their clients.
For more information, visit www.mnipc.com.

Cachet Financial Solutions is a leading provider of commercial and consumer remote deposit capture (RDC) solutions for financial institutions and their customers/members. RDC Select™, the fully integrated, customized solution,is a unique platform that eliminates the need for financial institutions to build and manage their own RDC business.


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