First Data Announces Integration with Ellie Mae® to Facilitate Lending-Related Payments
NEW YORK--(BUSINESS WIRE)--Aug 21, 2018--First Data (NYSE: FDC), a global leader in commerce-enabling technology, today announced an integration with the Ellie Mae® (NYSE: ELLI) Encompass Consumer Connect™ lending platform. Together, the two companies will integrate secure payments technology to process mortgage and appraisal fees, allowing Ellie Mae customers to accept payment for all costs related to the lending process—including loan origination, processing, underwriting, and credit reports.
“First Data is thrilled to deliver our fast, simple and secure payment technology to the banks, credit unions, and mortgage lending companies Ellie Mae serves,” said Jeff Shanahan, Executive Vice President, Head of CardConnect at First Data. “Our relationship will enable Ellie Mae to deliver a simple and secure solution for its clients and further enhanced consumer engagement for lenders.”
Through this relationship, Ellie Mae will leverage the BluePay Gateway, which is now part of the CardConnect ISV platform. First Data’s CardConnect and BluePay, have recently consolidated into a single integrated payments platform under the CardConnect brand. This overall ISV offering allows software companies to more easily add secure payment processing within SaaS, mobile and point-of-sale applications.
In 2017, Ellie Mae reported total revenue of $417 million. Ellie Mae serves 3,500 financial institutions and mortgage lending companies, and processes more than one-third of mortgage loan applications in the U.S. Ellie Mae has been an enterprise merchant of BluePay since 2010. The BluePay Gateway is integrated with Encompass®, Ellie Mae’s digital mortgage solution, and now provides additional functionality within Ellie Mae’s recently announced Encompass Consumer Connect®.
About First Data
First Data (NYSE: FDC) is a global leader in commerce-enabling technology, serving approximately six million business locations and 4,000 financial institutions in more than 100 countries around the world. The company’s 22,000 owner-associates are dedicated to helping companies, from start-ups to the world’s largest corporations, conduct commerce every day by securing and processing more than 3,000 transactions per second and $2.4 trillion per year. For more information, visit www.firstdata.com and follow us on Twitter at @FirstData.
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SOURCE: First Data
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PUB: 08/21/2018 06:45 AM/DISC: 08/21/2018 06:45 AM