Cachet’s ‘Select Mobile NowPay’ becomes the first new partner solution approved by BillingTree’s recently opened Payrazr Marketplace
Phoenix, AZ.– May 24, 2016 -- Cachet Financial Solutions, Inc. (OTCQB: CAFN), a leading mobile fintech provider, and BillingTree, have partnered to bring Select Mobile™ NowPay to the BillingTree Payrazr Marketplace . NowPay becomes the first approved new product category within Payrazr Marketplace and supplies a fast, easy and secure mobile check deposit and payment option for end users. The Payrazr Marketplace offers a wide range of in-house and best-of-breed payment technologies serving as a one-stop source for payment solutions.
With NowPay mobile payments technology, Apple iPhone™ or Android-based smartphone users can make electronic check deposits and payments on the go by simply snapping a photo of their signed or endorsed check and submitting it for processing. End-users can make check deposits and payments anywhere and anytime, avoiding special trips to the post office, bank or loan office.
“We are pleased to welcome Cachet Financial as our first Payrazr Marketplace new product and category offering,” commented Edgars Sturans, CEO and president of BillingTree. “The NowPay mobile solution extends the Marketplace’s scope and value, offering clients a new cost effective, self-service mobile deposit channel that significantly enhances the payment experience.”
“We’re very pleased that BillingTree has included Cachet’s NowPay mobile check payments solution within Payrazr Marketplace,” added Jeffrey Mack, president and CEO. “NowPay enables clients to offer a mobile-centric, cost effective and convenient payment and deposit option that also helps reduce delinquency.”
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.
BillingTree® is the leading, technology focused payment solutions company providing innovative Accounts Receivables products and services that enable organizations to increase efficiency and decrease costs of processing payments while adhering to compliance regulations. For over a decade, BillingTree has committed itself to understanding the marketplace and growing payments with technology, helping merchants accept multiple payment channels while offering comprehensive value their clients have come to rely on. BillingTree has a reputation for dependable solutions and extraordinary customer service, processing billions of dollars of payments annually through a suite of solutions and services that integrate with your company’s needs. Visit MyBillingTree.com or call 877.4.BILLTREE for payment technology that works.
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 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2015, filed with the Securities and Exchange Commission on April 14, 2016, under the heading "Risk Factors" and in the other reports we file with the Commission. You are cautioned not to place undue reliance on 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.
|Cachet Contacts:||Billing Tree Contacts:|
|Judy German, VP & CMOCachet Financial Solutions, Inc.952.698.6991
|Dave Yohe, VP of MarketingBillingTreeTel: 602.443.5948
|Matt Glover or Najim MostamandLiolios Group, Inc., Investor Relations for Cachet949-574-3860
|Jamie KightleyIBA, PR for BillingTreeTel: 561.228.1940|