With Apple’s recent record-breaking earnings report, there’s been no shortage of Apple-talk lately, and today is no different.
Earlier this week, Cachet Financial Solutions announced its Select Mobile Money platform now integrates with Apple Pay.
Cachet’s prepaid card clients can enable customers to make purchases using Apple Pay at the physical point-of-sale (POS).
How it works:
iPhone 6 and 6 Plus users open their white-labeled Select Mobile Money app and click on the Apple Pay icon. Their prepaid card is automatically placed top-of-wallet in Passbook, ready to pay.
After payment, the Select Mobile Money app shows the user’s updated balance and transaction details (see image on right).
President and CEO of Cachet, Jeffrey Mack, likes the improved user experience and, states, “we expect this unique feature to attract new prepaid users to our clients, as well as bring new banks, credit unions and AFS providers to Cachet.”
The Apple Pay update is available now to its clients as an upgrade.
Cachet Financial demonstrated its Select Mobile Money app at FinovateFall 2014 in New York.