Ensenta and MShift Extend the Reach of Mobile Banking with Mobile Deposit

REDWOOD SHORES, Calif., April 23, 2012 /PRNewswire/ -- Ensenta, the leader in self-service remote deposit capture and risk management, and MShift, the leading provider of mobile banking solutions for financial institutions, are seeing a strong uptake of MShift Mobile Banking Apps with their combined end-to-end Mobile Check Deposit service.  Among the first financial institutions to go live with the Mobile Deposit service integrated into their MShift Mobile Banking Apps are EECU, State Department Federal Credit Union, Air Force Federal Credit Union, Unity One Credit Union and Nutmeg State Federal Credit Union.

The MShift and Ensenta Mobile Deposit service is integrated seamlessly into MShift Mobile Banking Apps through a Single-Sign On and allows users the convenience of making a secure deposit by taking a picture of the check with their smartphone or tablet.

"EECU is committed to providing the latest technology to our members," said EECU CEO, Lonnie Nicholson, "MShift has been an excellent partner by providing upgraded mobile applications, including mobile deposit, to our members using the iPhone or Android."

Unity One Credit Union EVP/COO, Scott Ward said, "We've had internet based remote deposit for some time, but in our first 3 weeks after adding mobile deposit we've seen a 40% increase in the number of items deposited remotely and we've also seen our mobile usage go up by 65% in that same timeframe.  Obviously this is a great convenience to our members, but the operational efficiencies we're seeing in the administration of MShift's mobile deposit makes this a great solution for our credit union too."

"We are happy to offer our members the ability to deposit their checks via a smart phone," said Nutmeg State Federal Credit Union CEO, John Holt.  "This venue offers us the opportunity to save our members time and attract 'GEN Y'."

"I'm both very pleased and excited to be offering our members the iPhone and Android Apps with mobile deposit capture," said SDFCU CIO, Floyd Matsuda.  "We are beginning to hear stories from our members telling us how helpful mobile deposit capture has been and the wait has been worthwhile."

The Ensenta remote deposit suite includes Agile Risk Management™  which enables financial institutions to mitigate risk in real-time across all points of deposit capture. True Day Zero risk mitigation is facilitated through 100-plus configurable risk filters, and the optimal combination of human and automated review. Ensenta's mobile remote deposit application uses patented technology from Mitek Systems, Inc.

About Ensenta

For more information, please visit www.ensenta.com

About MShift

For more information, please visit www.mshift.com

SOURCE MShift; Ensenta