Minnesota-based remote deposit capture solutions provider Cachet has released Select Mobile Lending, a new mobile app for payday loan processing, a company press release revealed on September 24.
Cachet’s mobile app will now be available as a white-label solution to check cashers, payday lenders and financial service organizations.
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The company suggested that the growing number of U.S. consumers who are using online channels to apply for loans played a role in the formation of the product.
For more on how Select Mobile Lending allows Cachet clients to expand their market reach, read the full press release here.
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