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MnIPC Cachet team up on mobile deposit services
ST. PAUL, Minn. (8/19/11)--Check processor Minnesota Item Processing Corp. (MnIPC), a credit union service organization, has partnered with Cachet Financial Solutions to offer Select Mobile, Cachet’s mobile remote deposit capture application. The application allows account holders to initiate mobile-deposit sessions on their smartphone or tablet cameras. To make a deposit, credit union members snap photos of the front and back of checks and send it to the financial institution. Before transmitting the images, Select Mobile formats the images and corrects any distortions or skewing and confirms that the images meet industry Check 21 and mobile image-quality standards. All transactions are transmitted with multiple layers of security and, if necessary, can be traced back to registered smartphones to combat fraud. Along with Select Mobile, MnIPC clients will also be able to use Cachet’s Select Business solution for their merchant capture and consumer/home capture needs.


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