TULSA, Okla. (11/8/11)--CUAOk Services, the services corporation of the Credit Union Association of Oklahoma, announced it has formed a strategic alliance with Cachet Financial Solutions to offer Select Mobile, Cachet's mobile remote deposit capture application, to member credit unions.
Cachet's Select Mobile application allows account holders to initiate mobile-deposit sessions on their smartphone or tablet equipped with a two megapixel camera. To make a deposit, the account holder keys in the deposit amount, takes photos of the front and back of the checks, and sends it to the credit union.
Select Mobile captures the check and converts it to a higher quality image by formatting and correcting any distortions or skewing before transmitting. It confirms the images meet industry Check 21 and mobile image-quality standards. Transactions are transmitted with multiple layers or security and, if necessary, can be traced back to registered smartphones to combat fraud.
"CUAOk Services Inc. sought and embraced an alliance with Cachet Financial Solutions because it fits well with most every Oklahoma credit union's mission, and that is to provide quality and convenient service to its members," said Credit Union Association of Oklahoma President/CEO Gary Jones.
The solution includes account management, sales and marketing assistance, and 24/7 customer service, and provides financial institutions the ability to quickly and efficiently deploy the product to the member. Along with Select Mobile, CUAOk member credit unions also will be able to use Cachet's Select Business solution for their merchant capture and consumer/home capture needs.