Ensenta receives Patent on Cloud-based Risk Mitigation Platform

Mar 21, 2013, 16:27 ET from Ensenta Corporation

REDWOOD SHORES, Calif., March 21, 2013 /PRNewswire/ -- Ensenta Corporation ( www.ensenta.com ), a leading remote deposit capture software solutions provider, today announced that it has been issued U.S. Patent No. 8,352,359, "System and Method for Performing Financial Transactions on a Network," by the U.S. Patent and Trademark Office. With the addition of this patent, Ensenta now has 2 U.S. patents issued and 2 patent applications pending in the U.S.

"Ensenta is known as a market leader in remote deposit capture and cloud-based risk mitigation applications, with over 300 financial institutions subscribing to our services," said Jim Ballagh, Vice-President for Ensenta.  "This new patent allows financial institutions to use the web to decision and manage funds availability on checks by creating and enforcing policies, which associate risk factors with severities.  Financial institutions can now target specific risk management policies for the ATM, Web and Mobile channels.  Each channel carries its own set of risks and challenges, and our patented solution uniquely addresses these."

"The company is very pleased by the Patent Office's decision to grant this patent," said Ed Viera, CEO for Ensenta. "It affirms our significant research and development efforts over the last 10 years. We will continue to build upon these innovations to provide our customers with the most advanced solution in the industry."

About Ensenta

Ensenta is an award winning Silicon Valley software developer creating innovative Cloud-based imaging and self-service technologies for the Financial Services Industry.  Ensenta's products and services are distributed by leading: mobile banking providers; core banking processors; and ATM networks and manufacturers. For more about Ensenta, please visit us at www.ensenta.com.

SOURCE Ensenta Corporation