Under the agreement, Cachet Financial Solutions is set to integrate its Select Mobile deposit technology with CU Mobile Apps mobile banking platform.
CU Mobile Apps design enables credit unions to smoothly integrate new features, including mobile deposit, as they are developed. In order to make a deposit, members need to snap photos of their endorsed cheques and submit them for processing. Cachets solution formats the images, corrects distortions or skewing and confirms that the images meet industry mobile image-quality standards.
In recent news, Cachet Financial Solutions has entered a partnership with US-based provider of mobile financial services infrastructure Tyfone to provide mobile remote deposit services, including mobile remote deposit capture (mRDC), for their mobile banking platform.
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