Market Overview

First Data Announces Integration with Ellie Mae® to Facilitate Lending-Related Payments

Share:

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.

View Comments and Join the Discussion!