Ensenta, a payments technology provider, announced Wednesday the release of Multi-Check Mobile, a way for businesses to deposit multiple checks at once with a smartphone.
In a press release, Ensenta said Multi-Check Mobile answers the growing need for financial institutions to provide businesses with an inexpensive deposit solution for low volume scenarios, such as less than 10 to 15 checks per day.
Ensenta’s fully automated API eliminates the cost of a desktop scanner and the related complexities of browsers and device drivers, it said in the press release. “Our ability to offer Multi-Check Mobile™ together with Ensenta’s Agile Risk Management tools that support high-dollar deposits are key to driving RDC adoption for business users,” said Louise Steller, vice president of Product Strategy at Ensenta in the press release. “Using a mobile device to capture multiple checks in a single session makes for a great user experience and is easy for the financial institution to support. Our Multi-Check Mobile™ API is available for integration into existing mobile banking apps.”
Business users initiate the Multi-Check-enabled app on their mobile devices and flip the checks front to back under the camera until all checks are captured. There is no need to manually enter individual check amounts. Exceptions can be easily edited on the device and totals balanced, the company said.
Ensenta said Multi-Check Mobile uses the same advanced risk mitigation tools and Business Remote Deposit Capture (bRDC) functionality as Ensenta’s higher volume desktop scanner solutions. It also incorporates Mitek’s MiSnap video capture technologies.
Ensenta’s new tool comes on the heels of a strong year in 2016 for the payment technology provider. In 2016, the company said it onboarded its 1,000th financial institution customer — and now serves 22 percent of the top 100 financial institutions and 50 percent of the top 100 credit unions. It also rolled out a business capture platform that works across mobile, tablet and desktop scanning devices and saw double digit growth in revenue and profitability.