Ensenta, a provider of enterprise-wide, real-time SaaS solutions for making mobile and online payments and deposits, announces they have partnered with San Diego, Calif.-based Engage Financial Technology, to enable customers to use mobile devices to load funds to payment cards.
Ensenta’s cloud-based, open-API remote deposit capture technology is incorporated into Engage’s Engage360 Payments Innovation Platform for financial intuitions. Ensenta’s RDC technology includes a smarter and safer risk management system that evaluates items across 200+ risk factors to mitigate risk, minimize compliance exposure, increase back-office efficiencies and improve the availability of funds. Ensenta’s mobile deposit technology adds a convenient new way for payment card customers to load money onto their cards. The addition of mobile deposit is an innovation solution to increase the longevity and use of payment cards, which has long been a major challenge for payment card offerings.
Engage Financial Technology partners with financial institutions, healthcare technology providers and retailers to provide rapidly-deployable payment card solutions that enhance their customers' experience. Enabling mobile deposit of funds makes it easier for customers to use payment cards and fundamentally changes how consumers interact with their payment card. The partnership with Ensenta should increase the adoption, use and retention of payment cards issued by its partners.
“Ensenta’s RDC technology is a valuable addition to the Engage 360 Payments Innovation Platform and furthers our mission to provide a better customer experience at financial institutions,” said Mike Corrales, vice president of marketing at Engage Financial Technology. “Our platform is able to keep a financial institution ‘top of wallet’ through repeated positive and seamless user experiences.”
“Our Smarter and Safer™ risk mitigation tools, remote deposit capture and payments solutions for banks, credit unions and government agencies fundamentally improve a customer’s experience by providing a practical tool for loading funds from mobile devices to their payment cards,” said Louise Steller, vice president of product at Ensenta.