ST. PAUL, Minn. (5/4/12)--MnIPC, a check processor and item-processing provider, has collaborated with Cachet, a remote deposit capture provider, to offer mobile deposit services.
Northwoods CU, Cloquet, Minn., is the first credit union to offer mobile deposit services through the partnership. Credit union members can make a deposit by taking a picture of a check with their phone and sending it to the credit union. Cachet's CheckReview product monitors the deposits with real-time image verification, and MnIPC completes the cycle by processing Northwoods CU's checks.
MnIPC said it expanded into mobile deposits to offer its clients the opportunity to expand their marketing footprint, strengthen existing member relationships, provide members greater convenience and attract new deposits.