Ensenta, a provider of enterprise-wide, real-time SaaS solutions for making mobile and online payments and deposits, has teamed up with Engage Financial Technology (Engage FT) to allow customers to load funds to payment cards using their smartphones.
As part of the collaboration, Ensenta’s cloud-based, open-API remote deposit capture technology has been integrated with Engage’s Engage360 Payments Innovation Platform for financial intuitions.
Ensenta’s RDC technology features a risk management system, which assesses items across more than 200 risk factors. The technology helps to mitigate risk, minimise compliance exposure, boost back-office efficiencies and enhance the availability of funds.
Enabling mobile deposit to load the funds makes it easier for customers to use payment cards. Both firms expect that the partnership will increase the adoption, use and retention of payment cards issued by its partners.
Engage FT vice president of marketing Mike Corrales said: “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.
“Our platform is able to keep a financial institution ‘top of wallet’ through repeated positive and seamless user experiences.”
Ensenta vice president of product Louise Steller said: “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.”