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MINNEAPOLIS, June 24, 2014 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, a leading provider of prepaid mobile money management solutions, has partnered with Navy Federal Credit Union, the world's largest credit union, to implement a money management tool geared towards students. The credit union's Visa® Buxx program will use Cachet's Select Mobile™ Money prepaid mobile application to view balances, request money from parents through SMS, email or in-app notification, and use the locator feature to easily locate the nearest branch or ATM. Parents have access to their student's balances, can transfer funds directly from their Navy Federal debit and credit cards, and have the ability to suspend their teen's card. "Cachet's intuitive mobile application makes the Navy Federal Buxx program even more convenient for students and parents to responsibly and securely manage money," stated Elizabeth Dean, Manager, Debit Card Services for Navy Federal Credit Union. "We are excited to offer a tool that makes our members' lives easier. In fact, within the first three months, 20 percent of cardholders downloaded the mobile application." "Select Mobile Money gives Navy Federal Visa® Buxx cardholders an incredibly convenient tool for banking on the go," said Jeffrey Mack, President and CEO, Cachet Financial Solutions. "Innovative financial institutions like Navy Federal Credit Union are leveraging the power of prepaid and mobile to better serve their members' changing needs," added Mack. Cachet's Select Mobile Money prepaid mobile platform is a cloud-based SaaS solution that enables financial institutions to offer their prepaid cardholders a full suite of convenient financial services in one easy-to-use mobile application. Available for iOS and Android systems, the Select Mobile Money platform can be integrated with existing card programs or used to develop a new prepaid card program, complete with feature-rich mobile app and branded general purpose reloadable prepaid card. To learn more about Select Mobile Money, contact Cachet at [email protected]. About Navy Federal Credit Union Navy Federal Credit Union is the world's largest credit union with $58 billion in assets, over 5 million members, 247 branches, and a workforce of over 12,000 employees worldwide. The credit union serves all Department of Defense and Coast Guard Active Duty, civilian and contractor personnel and their families. For additional information about Navy Federal, visit www.navyfederal.org. About Cachet Financial Solutions Inc. Cachet Financial Solutions is a leading cloud-based, SaaS technology provider serving the financial services industry with mobile money management and remote deposit capture solutions for PC,

MINNEAPOLIS, Minn., March 10, 2015 (GLOBE NEWSWIRE) -- Cachet Financial Solutions, Inc. (OTCQB:CAFN), a leading provider of cloud-based SaaS mobile money technologies to financial services organizations, announced today that Paybefore has selected the Navy Federal Credit Union Visa® Buxx app, powered by Cachet's Select Mobile™ Money, as Best in Category in the Judges' Choice category of the 2015 Paybefore Awards. "We're honored to be recognized alongside Navy Federal Credit Union and Visa for our outstanding prepaid mobile platform and the incredible success of our client," stated Jeffrey Mack, president and CEO, Cachet Financial Solutions. "I'm very proud of our team and ongoing commitment to delivering mobile innovations that drive growth for our clients in the prepaid and financial services industry." The Navy Federal Visa Buxx app was selected by a panel of five industry experts who served as judges for the competition, which included entries from around the globe. Paybefore also invited online voting and received more than 21,000 votes cast for the nominees in each category. For nine years, Paybefore Awards has conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile and emerging payments industry. "This year's winners have demonstrated that mobile and prepaid are a powerful combination," said Loraine DeBonis, editor-in-chief of Paybefore and chair of the judging panel. "The judges were particularly impressed by how quickly members have embraced the (Navy Federal) app, and its potential to drive card usage and retention." "It is extremely difficult to win a Paybefore Award because the level of competition has been elevated to a very high standard," said Marilyn Bochicchio, CEO of Paybefore. "Each winner should be viewed as an industry leader and proud of its accomplishments." Cachet Financial Solutions was recognized alongside Navy Federal Credit Union and Visa. Navy Federal's Visa Buxx, a student geared program, uses Cachet's Select Mobile Money prepaid mobile application to view balances, request money from parents through SMS, email or in-app notification, and use the locator feature to easily locate the nearest branch or ATM. Parents have access to their student's balances, can transfer funds directly from their Navy Federal debit and credit cards, and have the ability to suspend their teen's card.About Paybefore Paybefore is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore's family of industry publications includes: Paybefore.com; Pay News™; Pay Gov™; Pay Week™; Pay Op-Ed™; Pay