REDWOOD SHORES, Calif., Nov. 4, 2015 /PRNewswire/ -- Ensenta, a leading provider in Mobile Payments, is partnering with VALID Systems, a leading fraud prevention and analytics firm, to provide Mobile Acceptance and Guarantee of Imaged Checks (MAGIC). The combined solutions include Ensenta's remote deposit capabilities and award winning Agile Risk Management services with VALID's advanced analytics platform and funds guarantee to provide a risk free remote check deposit and payments option for mobile payments.
Ensenta's Deposit & Payment API, in tandem with proprietary real-time check image analytics, provides mobile users with the highest success rates possible. Ensenta's patented Agile Risk Management system featuring over 150 automated, configurable risk factors, mitigates risks and minimizes the need for manual image review across mobile, ATM, merchant, and branch channels.
"The world of mobile payments is evolving rapidly and so is the risk. With the introduction of MAGIC we continue to be at the forefront of driving innovation and responsible usage of remote technology across all of the industries we serve," says Louise Steller, VP of Product Strategy at Ensenta.
VALID Systems' patent pending analytics engine provides fully automated decisions and funds guarantee allowing clients to provide their customers a complete in session experience for users. With the risk removed, clients can safely offer remote deposit capabilities to a broader population as well as providing accelerated funds options to their customers.
"With the combination of Ensenta's Risk Management and VALID's Analytics capabilities a higher bar has been set for fraud and risk management in the mobile payments industry," says Aaron Calipari, VP of Strategic Programs at VALID Systems. "It will be exciting to watch how our partners and clients utilize the technology to not only address fraud and risk but to provide sensible funding options to consumers and small businesses."
About Ensenta
Ensenta is an award winning Silicon Valley software developer creating innovative Cloud-based payment technologies for the Financial Services Industry and governmental agencies. Ensenta's products and services are distributed by leading: mobile and online banking providers; core banking processors; and ATM networks and manufacturers. The company's solutions are used by 725 financial institutions nationwide. Ensenta recently received two XCelent awards for technology and functionality by Celent, a leading financial industry research and consulting firm (Remote Deposit Capture Solutions 2013: ABCD Vendor View). For more about Ensenta, please visit us at www.ensenta.com.
About VALID Systems®
VALID Systems is a leading Fraud Prevention and Analytics firm focused on mitigating risk in payment acceptance across all channels including Point of Sale and Teller applications, Web, Kiosk, ATM and mobile platforms. Our clients include top 25 Financial Institutions and Retailers as well as leading Alternative Financial Service providers. Our patented and fully automated decision engine is used across the industry to allow consumers and small businesses easier access to their funds. For more information, visit http://www.validadvantage.com
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SOURCE Ensenta Corporation
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