Wrapping up FinovateFall this year, PayTap took the stage with its P2P bill payment solution:
"All of us have done it - asked or given help to family & friends to pay a bill. It's hard to ask and difficult to quickly respond. PayTap allows people to do what they currently do every day but online and with significant advantages.
1. Dramatically reduces the cost of moving money and takes a major step out of the process by having the funds go directly to the billing company (AT&T).2. Takes advantage of existing social networking (increases reach and speed).3. Gives visibility to all parties involved and allows them to keep track (who has paid) and avoids costly late fees.4. Users can choose any payment method - credit, debit, PayPal and bank transfer - without revealing their details to family and friends."
Product Launched: July 2012
HQ Location: Dallas, TX
Company Founded: April 2012
Metrics: $500K raised, 6 full time employees
Finovate demo video: finovate.com/fall12vid/ (demo video will be posted next week)
Introducing Sean-Michael Daley (CEO) and Chip Oxendine (CTO)