Allied Solutions, a provider of insurance, lending and marketing products to financial institutions, has expanded strategic collaboration with Cachet Financial Solutions to offer emerging mobile payments technology for cheque deposits
As per agreement, Allied Solutions will offer Cachet’s mobile cheque payments solution, Select Mobile NowPay, to its financial institution clients.
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Allied first collaborated with the technology vendor in 2011 to offer mobile deposit solution, Select Mobile Deposit, to its financial institution clients.
Cachet Financial said that its new payment solution will provide Allied’s customers with access to a self-service mobile payment channel that will help in driving efficiencies, while minimizing the risk of overhead and delinquencies.
Smartphone users can make electronic cheque payments by snapping a photo of their signed cheque and submitting it for payment of auto, healthcare, housing or other type of recurring bill, Cachet Financial added.
Allied Solution vice president of partner development Brian Timson said: "To help our customers remain competitive, we need to lead the way in delivering innovative solutions and fueling new initiatives that will help our clients thrive in this digital-driven marketplace.
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By GlobalData"Working with Cachet to offer NowPay will enable our customers to have access to a solution that capitalizes on the emerging digital payment channel, which in turn will allow them to attract consumers and uncover new revenue opportunities."
