Governance, Risk & Compliance

Governance, Risk & Compliance

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February 03, 2012

Cachet Financial Solutions Completes SOC 2 Examination



Cachet Financial Solutions, a provider of remote deposit capture (RDC) solutions, announced it has recently completed Service Organization Controls (SOC) 2 Type II examination,  demonstrating the company’s ability to meet  applicable trust services criteria for the principles of security, availability, and processing integrity.   


Following the certification, the company has been issued an SOC 2 Type II Independent Service Auditor's Report.  

SOC 2 falls under Attestation Standards (AT) 101 and Trust Services Principals and Criteria (TSP) Section 100. It’s a comprehensive framework put forth by the American Institute of Certified Public Accountants (AICPA) and consists of a specific set of reporting initiatives that are designed to bring transparency and clarity for reporting on controls at service organizations.

This certification demonstrates the company’s commitment to deliver superior products to their clients while also maintaining the highest standard of internal controls at organizations relevant to security, availability, processing integrity, confidentiality and/or privacy, according to company officials.

RDC Select from
Cachet Financial Solutions is a fully integrated and customized solution that eliminates the need for financial institutions to build and manage their own RDC business. The Web-based solution is available for both Mac & Windows operating systems. A mobile version is available for iPhones, BlackBerrys, Androids and tablets.

"As a provider of Internet based financial services, we strive to keep our client's data safe by adhering to the highest standards available," said Jeffrey C. Mack, president and CEO of Cachet, in a statement. "Providing this level of security is part-and-parcel to our whole approach to customer service. We provide strong products, and we back them up with strong security and attention to our client's needs."

Back in December, the company also announced it had integrated its mobile deposit solution with the Mobile Access mobile banking application from MEA Financial Enterprises, a provider of financial services technology.  

The partnership allows financial institutions and credit unions using Mobile Access to deliver mobile deposit capabilities to members and customers using smartphones and tablets, the company said in a press release.  

 


Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Stefania Viscusi
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