First Data Announces Integration with Ellie Mae® to Facilitate Lending-Related Payments
August 21 2018 - 6:45AM
Business Wire
First Data to process lending-related
transactions for Ellie Mae customers
Strengthens First Data’s portfolio of ISV
partnerships
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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Media ContactAndrea DuffyPublic RelationsFirst
Data646-984-0240Andrea.Duffy@firstdata.com
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