Press releases
8 Jun 2023
Enfuce’s plug-and-play processing tech, collaborative approach, expertise and ambition enable you to create winning payment products
The banking landscape is changing rapidly. Evolving regulations and advancements in tech have intensified competition. Embedded finance and non-FSIs are taking a growing chunk of payments volumes, and new banks are emerging as both spinoffs of existing legacy banks and as completely new entrants. All while digitalisation and rising expectations have transformed how customers interact with banks.
Digital banks can win market share from incumbents with a customer-oriented approach, new business models, smart investments in a modern technology stack, and the right partners. This is your opportunity to shine.
Whether you’re a greenfield bank or an independent challenger, Enfuce has the processing expertise, modern tech and ambition to enable you to build the card programme you’ve envisioned.
Key benefits of Enfuce cards for digital banking
Flexible and configurable card products
Payment cards are one of the most tangible touchpoints in your bank’s customer journey, making them important to get right. Create an unbeatable card offering with Enfuce’s flexible processing platform.
You can configure products for different use cases with ease. Issue any card type you want, from classic debit cards to more complex credit products with instalments. We make it easy to start and launch new features and products as you grow your portfolio.
Cut your expenses and time-to-market with plug-and-play solutions
We can get your vision live quickly without the overhead and risks of designing, building, and maintaining your own payment systems and processes.
Our sophisticated platform covers payment processing, card and digital wallet lifecycle management, and 3DS processes, not to mention scheme connectivity, card manufacturing, and data warehousing and reporting. You’ll also have comprehensive issuer self-service tools for card base management, so you won’t need to invest in building back office tools.
You can sign up to start testing our APIs today.
Future-proof partner
You need a processing partner that can meet your needs now and in the future. Enfuce’s enterprise-grade, modern tech scales with you as your card and payment volumes grow. Our cloud-based processing has a 99,999% uptime, and our secure and flexible APIs make it easy to integrate Enfuce with the rest of your banking technology stack.
Not just tech. We also have the straight-talking processing expertise to help you plan your next moves, whether you’re considering expanding your business into new markets or adding new features or products to your card portfolio.
Peace of mind
In a rapidly changing and highly regulated market, you need partners who know the work and dedication involved in meeting regulatory requirements. At Enfuce, security and compliance are at the core of what we do. Our experts handle payments-related compliance (PCI-DSS, 3DS, PSD2, and the list goes on), so you don’t need to worry about it.
We’re award-winning in our fraud management and monitoring. We monitor transactions round-the-clock to make sure that your customers are safe.
Cardholder features
Instant issuing of debit, credit or prepaid cards
Give your customers cards as soon as they sign up, so they can start making purchases from day one. We support instant issuing for all card types, enabling smooth and fully digital onboarding processes.
In cases where a card has been compromised, lost, damaged, or stolen and needs to be replaced, you can issue a new physical card that can be used instantly.
Physical, virtual and tokenised cards
Whatever the use case, Enfuce has you covered. Win share of wallet with physical or virtual cards with all the features that today’s customers expect. Tokenise your cards, so that they’re always on-hand as a payment method. Enfuce is a forerunner in digital wallet implementations with both Apple Pay and Google Pay.
Card management features in app
Enfuce’s modern and flexible APIs enable cardholders to securely manage many aspects of their card via their desktop or mobile application. This includes view and set PIN, view PAN, card freezing, geo-blocking, cancelling and reordering, meaning cardholders can self-serve on-the-go and won’t have to turn to your customer service.
Platform features
Advanced card controls
Enfuce’s advanced spend controls limit your exposure to risk and fraud, without slowing down business. Control when, where and how payment cards are used on a granular level. Set limits on card usage based on, for example, spend amounts and patterns, counters, or merchant category codes with Enfuce Spend Control.
If you want to further enrich spend controls, you can create rules for approving and declining payments in real time with Authorisation Control.
Transaction data
We make tracking your card programme performance a piece of cake. You can see your account, card, and transaction operations in real-time through the MyEnfuce portal and our APIs. These allow you to monitor your card programme, and share reports with important stakeholders.
In addition, we send you daily data files that include all your card programme’s activities so that you can build a database and forecasts of your own.
Multi-country & multi-currency support
Expanding to new country markets with your card portfolio is made easy with Enfuce’s multi-country feature. We support multiple currencies right out of the box and we’re experienced in working across markets.
Service features
Collaborative partnerships supported by a modular platform
We’re big believers in collaboration, as we’ve seen firsthand how innovative payment products are created when best-of-breed partners come together to build something new. We work with leading core banking partners as well as embossing houses and KYC/KYB providers, so you can take a modular approach to building a winning tech stack.
Fraud prevention and dispute management
We’re there for you and your cardholders. Enfuce’s rules-based fraud monitoring engine runs 24/7 and is updated by our team of experts whenever needed (often several times a day). In addition to fraud monitoring, we offer a fully managed fraud service, portfolio analysis, fraud reporting and highly-skilled second-line support to handle disputes in a timely manner.
Insights from Memo Bank: How to drive digital revolution in B2B payments for SMEs“Enfuce is there 24 hours a day, every day of the year, making sure that all payments go through. That’s a tough job – and it’s not our job. That’s why we sometimes make the choice to rely on partners.”
Jean-Daniel Guyot, Co-Founder and Chairman of the Management Board at Memo Bank
Digital Banking Case Studies
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Memo Bank
The first independent bank to emerge in France in the last 50 years, Memo Bank is founded and funded by entrepreneurs. They’ve built their products and services from scratch to serve fast-growing SMEs and have integrated an expense platform directly into their bank accounts. Memo Bank leveraged Enfuce Card as a Service to launch their Visa corporate credit cards.
Memo Bank chooses Enfuce as its card issuing provider to launch the first expense platform integrated into a bank account from
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SEB Embedded
SEB Embedded, part of banking group SEB, partnered with Enfuce to add card programmes to their Banking as a Service offering. They’re on a mission to bring banking to where it’s needed and required a modern processing partner.
Enfuce and SEB Embedded partner to launch next-generation card programmes from
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Kvika Bank
Kvika Bank needed a strong technical partner to modernise its payments services and launch a first-of-its-kind hybrid Visa card, which combines a debit and credit product on the same digital card and is also available on Apple Pay and Google Pay.
Enfuce announces partnership with Kvika Bank at Money20/20 to transform financial services in Iceland from
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Indó Bank
Iceland’s first challenger bank, Indó Bank, wanted a full-service card processing partner with a focus on compliance and speed that had the capabilities to implement data-driven features in the Indó app.
Icelandic neobank indó partners with Enfuce to develop Iceland’s first challenger bank from
FAQ
Where can I test it out?
Our customer portal MyEnfuce has a sandbox where you can read about and test out our APIs.
Is Enfuce integrated with core banking providers?
Yes, we’re big believers in collaboration and know that in today’s financial technology environment, creating great payment services is team sport. We work together with companies like Mambu, Skaleet and SaaScada.
What does Enfuce card programme pricing look like?
We have one of the most transparent pricing models on the market, with one monthly fee per card (not per transaction). The model is designed to work with your business as you scale your volumes.
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