Select Mobile Money users who own an Apple Watch will be able to download the custom app and seamlessly access key financial services via the new wearable device. With just a quick glance at their wrists, users will be able to check their account information, view recent financial transactions and locate the nearest ATM or card loading location. Cachet's Select Mobile Money clients will also be able to send personalized push marketing messages that will help them to connect and engage with their prepaid cardholders.

"An enhanced banking experience is needed to attract new Millennials," stated Youri Bebic, SVP of Mobile Innovations for Cachet Financial Solutions. "The Apple Watch, with Cachet's easy-to-use, customized Select Mobile Money app, is likely to be well received by this hotly pursued demographic, which tends to be early adopters of cool, new technologies. Helping our clients to win the digital natives gives them an early mover advantage and higher lifetime value with these customers."

"We are committed to bringing leading-edge technologies to our financial institution clients," noted Jeffrey Mack, president and CEO of Cachet Financial Solutions. "Our Select Mobile Money app for the Apple Watch makes banking faster, easier and more fun, giving our clients a competitive advantage in attracting and retaining prepaid cardholders, and bringing more bank, credit union and AFS provider clients to Cachet."

Cachet's Select Mobile Money platform empowers end users with a mobile platform that replicates all the main services available at a physical bank or credit union. This includes account management, transaction history, card to card transfer, bill pay, remittance and check to card loading with "instant good funds" via check guarantee partner, Ingo Money.

Apple Watch functionality is available to Select Mobile(TM) Money platform clients as an upgrade or an additional option for new clients.