Enfuce partners with Cambrist to Simplify Card Programme Reporting & Reconciliation
Enfuce, an award-winning modular issuer processor, has implemented Cambrist’s Reporting & Reconciliation solution to simplify the internal accounting associated with its payment card programmes.
Cambrist’s solution is specifically designed to simplify and organize payment data, especially card scheme data, derived from multiple sources. The solution enables finance, product and operations teams within fintech and bank payment card issuers & processors to readily reconcile and account for all daily activity (debits, credits, fees, exceptions, etc) in a reliable and consistent way.
Card Programs, BIN Sponsors and Issuer Processors can benefit from streamlined reconciliation services and receive comprehensive card activity and fee performance reporting. The platform is available as a SaaS service, enabling Fintechs & Banks to customize our platform to their requirements.
Enfuce has selected Cambrist to provide detailed reconciliation reporting for both Visa and Mastercard payment card programmes, reducing the time and effort required to manage their scheme data.
Jeremy Boles, Cambrist’s Business Development Manager said, “Enfuce is a long-time client of Cambrist’s compliance services and we’re now very pleased to expand our relationship to include our Reporting and Reconciliation services. Cambrist’s unique payments data platform provides a robust solution that will support Enfuce’s continuing, rapid growth in Europe, UK and beyond.”
Niklas Appellund, Enfuce’s Co-Founder & CTO said, “As a customer of Cambrist’s compliance services we have long been impressed with their payments data expertise. When Cambrist launched the Reconcile solution earlier this year we were excited to discuss ways to automate our daily reconciliation requirements.”
About Enfuce
Founded in 2016, Enfuce is a female-founded and led company with a unique vision: to bring the brightest minds and the best technology together to break down the barriers to prosperity. As a leading global card issuer and payment processor that merges innovation, security, and expertise to create modular, cloud-based payment processing capabilities, Enfuce is one of Finland’s most valuable scaleups, and is the first financial service provider in the world to be PCI-DSS certified while running its service in the public cloud. By focusing on collaboration, Enfuce is able to efficiently provide customers with cutting edge features – offering in-house experts and white labelled technology to help companies create scalable payment solutions with ease. Supporting debit, credit, prepaid, gift, fleet and fuel card programmes in any form – for consumer, commercial and B2B applications – Enfuce’s no-nonsense approach helps customers create bespoke payment solutions that are flexible, scalable and secure.
Holding an Electronic Money Institution (EMI) licence from the Finnish FSA, enabling operations across Europe, Enfuce’s PCI-DSS certified platform guarantees 99.999% uptime, global scalability, and card scheme connectivity, supporting various card programs and integration with digital wallets. Enfuce has raised €68.5 million in funding rounds, showcasing its industry leadership with recognitions like Visa Fintech Fast Track and Mastercard Lighthouse Development Program participation, as well as winning prestigious awards, such as the 2019 PayTech Award for Best Payments Solution and the 2022 FF Award for Mobile Payments. Propelled by the forward-looking vision of its Co-CEOs and Nordic ingenuity, Enfuce is set to expand globally, shaping the future of payment solutions.
Find out more at www.enfuce.com
About Cambrist:
Cambrist is an award-winning technology company enabling payment card issuers & processors to gain more insight from their payment card programme data and create new, reliable sources of income. Our services are relied upon to provide better management insights (MIS), ensure compliance with payment regulations, optimize card scheme settlement and even solve the complexities of multi-currency settlement operations.
Learn more about Cambrist at www.cambrist.com or contact us at info@cambrist.com