MVi and Cachet Create Partnership to Remarket Mobile Check Deposit and Integrate with Check 21
SALT LAKE CITY – September 7, 2012 – Millennial Vision Inc. (MVi), document management provider and reseller of Laserfiche Electronic Content Management Software (ECM), has created a marketing partnership with Cachet Financial Solutions to remarket the company’s mobile remote deposit solution Select Mobile™. In addition to the remarketing services, MVi has written an interface to Cachet’s mobile capture technology, allowing it to run seamlessly through MVi’s Check 21 solution. The partnership will also provide MVi with a full suite of remote deposit capture (RDC) solutions for its credit union clients, which provides Cachet with a greatly expanded audience for its products.
Cachet’s Select Mobile will allow MVi’s credit union clients, to offer all the advantages of RDC to their members using iPhones, Blackberrys, Androids, and various tablets. These members are now able to conduct banking remotely by simply taking a picture of their check and sending the information to their credit union via their mobile device.
According to MVi President, Bill Poulter, MVi’s interface works with Cachet’s technology to capture a member’s check deposit via their cell phone, create a file, and allow it to run through its Check 21 suite. “It’s essentially a mobile capture system with a Check 21 solution,” Poulter says. “You get the best of both worlds, and we’re sure the credit unions and their members will really enjoy this convenient technology taking their mobile service up a notch or two. It’s a terrific enhancement to our full Check 21 solution for credit unions.”
Through this partnership, Cachet is able to expand its market reach to a new segment of credit unions. MVi, meanwhile, will offer mobile deposit to its current credit union clients and prospects, increasing the reach of both companies.
“At Cachet, we are dedicated to developing new technologies and making it easy for our partners and clients to implement them,” said Jeffrey Mack, President and CEO of Cachet Financial. “We feel strongly about the partnership with MVi, knowing they can leverage these new technologies, like mobile deposit, and can provide a key competitive advantage for their financial institutions.”
“Our joint goals are to reach and activate these MVi customers with mobile deposit services that will allow each of us to grow our businesses to reach new markets and new members,” adds Cachet’s Vice President of Strategic Alliances Kevin Harrigan.
About Cachet Financial Solutions
Cachet Financial Solutions is a leading financial services technology company, specializing in commercial and consumer remote deposit capture (RDC) solutions for financial institutions, credit unions, and financial service organizations. RDC Select™, our industry-leading platform has been designed to simplify the process for delivering, implementing, and servicing RDC. We’ve eliminated the need for our clients to build and manage their own RDC business. Cachet’s merchant capture solution (for both PC and Mac) and mobile application provide greater freedom and flexibility for financial institutions and their customers. Cachet’s sophisticated marketing strategy and professional sales training program ensures our customers success with their RDC initiatives. Let us help you Unleash the Power of RDC!™ For more information call 877.318.4449 or visit www.cachetfinancial.com.
About Millennial Vision Inc.
Salt Lake City-based Millennial Vision Inc. (MVi) was founded in 1996 with a mission to provide quality products and services in the document management sector. Its vision is to help organizations “go paperless,” committing to deliver technologies that empower staff members to create efficient document workflows. MVi offers more than imaging with a product suite that enables customers to replace paper-based processes with digital document management. For more information, visit www.mviusa.com or call 801-277-6686.