Cachet Financial Solutions Selected by Top 5 U.S. Bank to Implement Prepaid Debit Card Platform

MINNEAPOLIS, July 23, 2014 (GLOBE NEWSWIRE)  Cachet Financial Solutions (OTCQX:CAFN), a leading provider of prepaid mobile money management solutions, has partnered with a top five commercial bank in the U.S. to implement a prepaid mobile platform for one of the world s largest supermarket chains. Cachet s award-winning Select Mobile™ Money prepaid mobile application will offer supermarket customers a full suite of convenient mobile account services. Select Mobile Money will also allow prepaid card users to view balances and transaction detail, reload money, including check-to-card loads with instant good funds, and transfer funds from inside the app. Powerful back-end analytics and messaging capabilities will allow the supermarket to segment cardholder behavior and send relevant marketing messages to keep its customers engaged in using the mobile application. The program is scheduled to go live late summer. Our selection by a top U.S. bank affirms the tremendous value proposition
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