FinovateSpring 2013 / Allied Payment Network
Presenter Profile:
How they describe themselves: Allied Payment Network is a visionary and innovative company that applies emerging bill pay technologies for the financial industry and its customers. The company was created to make the bill paying process easier and more convenient for the consumer and more efficient and cost effective for financial institutions. With its solution, Picture Pay™, Allied has pioneered the first mobile point, shoot and pay application for smartphones. For additional information on how Picture Pay is enabling financial institutions to more successfully promote mobile bill pay to their customers and members, visit www.AlliedPayment.com.
How they describe their product/innovation: Allied’s Picture Pay™ is the nation’s first mobile bill payment application that enables financial institutions’ customers to pay bills using the camera on their mobile device. With Picture Pay, users simply take a picture of the bill, enter the amount and date, and the bill is paid. Picture Pay’s technology does the rest by reading the data from the bill, then syncing with the customer’s bank or credit union to process the payment. Additionally, Picture Pay can automatically add a new biller to the user’s online banking system, eliminating the hassle of entering the payee and account information online.
Contacts:
Bus. Dev.: Gary Daniel, EVP, Gary.Daniel@AlliedPayment.com, 678-525-2595
Press: Lauren Schuster, Account Coordinator, William Mills Agency, lauren@williammills.com, 678-781-7209
Sales: Steve Paradine, SVP Sales, Steve.Paradine@AlliedPayment.com, 260-918-6501
Website: AlliedPayment.com
Twitter: @AlliedPayment
HQ Location: Fort Wayne, IN
Founded: August 2010
Product Demoed: Picture Pay™
Product Launch: January 2013
Metrics: 12 employees
- Key Executives
Ralph Marcuccilli (President), Gary Daniel (EVP), Steve Paradine (SVP Sales)
Key Stats
- Key Board Members
Dan Holt (President & GM, Managed Services, CSI), Gary Daniel (EVP, Allied Payment Network), Karl LaPan (President & CEO, Northeast Indiana Innovation Center), Kelli Schultz (President & CEO, Digital Compliance), Scott Miller (President & CEO, PayLeap), Christine Marcuccilli (Secretary & Treasurer, Allied Payment Network), Ralph Marcuccilli (President, Allied Payment Network) Key Partnerships: Malauzai Software (Austin, TX), Access Softek (Berkeley, CA), MEA Financial (Monett, MO), Computer Service Professionals Inc. (CSPI) (Jefferson City, MO), Pinnacle Financial Strategies (Houston, TX)
- Key Partnerships
Dan Holt (President & GM, Managed Services, CSI), Gary Daniel (EVP, Allied Payment Network), Karl LaPan (President & CEO, Northeast Indiana Innovation Center), Kelli Schultz (President & CEO, Digital Compliance), Scott Miller (President & CEO, PayLeap), Christine Marcuccilli (Secretary & Treasurer, Allied Payment Network), Ralph Marcuccilli (President, Allied Payment Network) Key Partnerships: Malauzai Software (Austin, TX), Access Softek (Berkeley, CA), MEA Financial (Monett, MO), Computer Service Professionals Inc. (CSPI) (Jefferson City, MO), Pinnacle Financial Strategies (Houston, TX)
- Key Customers
First Financial Bank ($4.5B assets, Abilene, TX), City Bank Texas ($2B assets, Lubbock, TX), 3Rivers Federal Credit Union ($726M assets, Fort Wayne, IN), Ameriana Bank ($440M assets, New Castle, IN)