This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

City National Bank Partners With Cachet Financial Solutions And Panini To Deliver RDC To Mac Users





MINNEAPOLIS, June 6, 2012 /PRNewswire/ -- City National Bank, one of the nation's top financial institutions, has partnered with Cachet Financial Solutions, a leading provider of remote deposit capture (RDC) solutions, and Panini, a global payments processing technology provider to deliver RDC to Apple Macintosh desktop users. The Los Angeles-based bank has been a leading provider of RDC since 2006 and has extended their offering to Mac-based small businesses using Cachet's Select Business™ Mac, featuring the Panini I:Deal®. Merchant trials began in mid-2011, offering the first RDC solution with native support in a Mac desktop environment along with true MICR check capture.

"City National Bank became a leader in the market by providing a complete RDC solution to all their customers including Mac users," said Jeffrey Mack, President and CEO of Cachet Financial Solutions. "By utilizing the Panini I:Deal scanner and Cachet's Select Business Mac solution, City National Bank has been able to offer their Mac customers all the benefits of remote deposit capture that PC owners currently enjoy."

With approximately 25% of City National's clients using Mac products, the bank was aggressively searching for an RDC solution. "A significant portion of our customer base uses Mac, so finding a solution that met their needs was very important to us," said Charles Wiggins, City National's Senior Vice President of Treasury Management and Group Product Manager. "We looked at a number of possibilities but determined that Cachet's Select Business Mac with the Panini I:Deal was clearly the best solution. We have been very excited to roll this out."

Cachet's industry-leading, patent-pending Select Business Mac platform for Mac operating systems is a Web-based solution that allows financial institutions greater freedom and flexibility when providing RDC to their Mac customers. Select Business Mac is more efficient for end users and more cost-effective, with reduced requirements for internal support from financial institutions. Cachet's software solution enables merchants to process checks in a single pass, validate their authenticity and forward items to financial institutions for digital deposit, eliminating the costs associated with manual deposit processes.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs