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MINNEAPOLIS, July 21, 2015 (GLOBE NEWSWIRE) -- Cachet Financial Solutions(OTCQB:CAFN),a leading provider of cloud-based SaaS (Software as a Service) mobile money technologies to banks, credit unions, and alternative financial services (AFS) providers, and Access Development have partnered to deliver the nation's largest private collection of mobile coupons to Cachet's network of financial institutions.
Beginning in August 2015, customers of Cachet's network of more than 400 financial institutions will have access to 90,000 mobile coupons at restaurants and retailers in their communities. The mobile coupons will be available to each financial institution leveraging Cachet's Select Mobile™ Money prepaid mobile application. Most deals can be redeemed by simply displaying the offer details on the user's mobile device at the point of sale.
"Our partnership with Access adds an element of everyday engagement to our platform that's unmatched in the industry," says Jeffrey Mack, president and CEO of Cachet Financial Solutions. "Cachet's clients are going to see significant returns in terms of spend and engagement. More importantly, their customers are going to keep those financial institutions top-of-wallet because of the amount of money these deals will help them save."
The mobile coupon network, managed by Access Development, offers financial institutions the opportunity to help customers save hundreds each month on everyday purchases. With as much as 96% of the population using coupons, their inclusion adds everyday relevance to banking apps. As a result, customers become more engaged with the financial institution.
"Whether its new mobile payment technology or banking apps, consumers are hesitant to engage new platforms without some sort of incentive," says Kelly Passey, EVP of business and product development at Access. "Our mobile coupon network provides a reason for consumers to spend a few minutes with their financial institution every day, each time they need to make a purchase or go out for dinner."
To learn more about Cachet's mobile banking solutions, contact Cachet at email@example.com. For more information about the Access Mobile Commerce Network, please visit http://www.accessdevelopment.com/mobile-coupons.
About Access Development
For 30 years, Access Development has helped organizations connect with their customers and build revenue, engagement and loyalty through custom incentives and discount programs. The company's private discount network of over 300,000 merchant locations is America's largest, providing discounts of up to 50% on everyday items to millions of end users. Access also offers the nation's largest mobile commerce platform, featuring over 160,000 merchants offering exclusive "show your phone" mobile coupons. For more information on Access, please visit http://www.accessdevelopment.com or follow us on Twitter and LinkedIn.
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.
All trademarks, service marks, and registered marks are the properties of their respective owners.
Visa is a registered trademark of Visa International Service Association. Apple Pay and Apple Watch are registered trademarks of Apple Inc. Select Mobile Money is a registered trademark of Cachet Financial Solutions.
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.
CONTACT: Media Contact: Judy German VP & CMO Cachet Financial Solutions, Inc. 952.698.6991 firstname.lastname@example.org Investor Relations: Darin McAreavey EVP & CFO Cachet Financial Solutions, Inc. 952.698.5214 CAFN@liolios.comNEXT ARTICLE
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