California based mobile banking platform provider Access Softek is entering a new partnership with Cachet Financial Solutions, a remote deposit capture (RDC) solution provider for financial institutions and their customers. The new alliance will integrate Cachet’s mobile check deposit services with Access Softek’s mobile banking platform, Mobile Finance Manager (MFM), to deliver an integrated mobile banking and real time mobile deposit platform. Cachet’s mobile deposit service allows account holders to deposit checks wherever they are using their smartphones or tablets by keying in the deposit amount, taking a photo of the front and back of the check and sending the images to the financial institution. Before being transmitted the images are formatted and any distortions or skewing are corrected to meet with industry Check 21 and mobile image-quality standards. Transactions are made in real time and, in case of fraud, can be traced back to the device from where they were sent. The new partnership allows Access Softek’s mobile platform customers to deposit their member’s checks regardless of location and enables cardholders to manage most banking functions directly from their mobile device.
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