Author: David Penn

Escardgot Launches the Helix SCard and SCard-Go Mobile App

By David Penn Posted on
Categories: Escardgot, FinovateSpring 2013

Escardgotlogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Representatives of Escardgot are coming to the stage now. The company’s technology makes it easier for cardholders to use the right card for the right transaction.
“The patented Helix SCard, combined with the SCard-GO mobile app, allows a consumer to reduce their wallet-full-of-cards down to a single, secure card. The innovative technology inside the Helix SCard allows it to become any magnetic stripe card – for example, a credit or debit card. 
In addition to selecting different cards, SCard-GO mobile app allows a consumer to make transactions, review transactions, and receive electronic offers from merchants. The Helix SCard works with existing POS technology and does not require a hardware upgrade like NFC does. And because it does not require a transaction fee, it is transparent to the credit industry, unlike Square. It is also transparent for the end consumer, as the Helix SCard has the same form factor, appearance, and behavior as a standard credit card.” 
Product Launched: May 2013
HQ Location: Sacramento, California
Company Founded: October 2011
Metrics: 3 founders and 5 part-time employees
Website: escardgot.com
Twitter: @Escardgot
Presenting Tom Humphrey (COO) and Garrett Unglaub (Director, Marketing)

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GreenDot Introduces GoBank, the Mobile-Optimized Bank

By David Penn Posted on
Categories: FinovateSpring 2013, Green Dot

GoBank_Logo_small.jpgThis post is part of our live coverage of FinovateSpring 2013.

One of the biggest names in prepaid cards, GreenDot is here to present their latest innovation: GoBank.
“GoBank is a brand of Green Dot Bank, Member FDIC. GoBank is the first bank account designed from scratch to be opened and used on a mobile device. With GoBank, members have full access and control of their money from their iPhone, iPod Touch, or Android device, have no overdraft fees or minimum balance requirements, and can withdraw cash from more than 42,000 fee-free ATMs in the U.S.”
Product Launched: 2013: beta in January; general availability in June
HQ Location: Pasadena, California
Company Founded: Green Dot, 1999; GoBank 2013
Metrics: More than 590 team members; more than 4 million active prepaid cardholders
Website: gobank.com
Twitter: @gobank
Presenting Steve Streit (CEO & Chairman) and Alok Deshpande (VP Product Development)

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Realty Mogul Launches Crowd-Funding Platform for Real Estate Investing

By David Penn Posted on
Categories: FinovateSpring 2013, Realty Mogul

Thumbnail image for RealtyMogulLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Just in time for the recovering real estate market, here’s Realty Mogul. The company helps bring investment capital to a variety of commercial and multi-dwelling residential real estate projects.
“Realty Mogul is a marketplace for investors to pool money online and buy shares of pre-vetted investment properties like apartment buildings, office buildings, and retail centers; it’s crowd-funding for real estate.
Realty Mogul is demoing the full transaction life cycle of an investment, from account creation through electronic documentation to funding via ACH. We are also demoing what it looks like to be an active investor and how to monitor investments via a dashboard.”
Product Launched: March 2013
HQ Location: Los Angeles, California
Company Founded: May 2012
Metrics: $500,000 capital raised in seed round; 4 FTEs; pre-revenue
Twitter: @Realty_mogul
Presenting Jillene Helman (CEO)

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Better ATM Services Bridges the Gap Between ATMs and Prepaid Cards

By David Penn Posted on
Categories: Better ATM Services, FinovateSpring 2013

Thumbnail image for BetterATMLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

From Mesa, Arizona, the Better ATM Services team is here to present their ATM-dispensed, prepaid VISA gift card technology.
“Better ATM Services has bridged the gap between ATMs and prepaid cards. Better ATM Services worked with major credit card payment networks to develop thinner, yet durable 3-panel cards that can roll through ATM cash mechanisms, yet function like normal payment cards at point-of-sale terminals. We also worked with major ATM manufacturers to develop very minor modifications that allow existing ATMs to select, load, activate, and dispense these new cards. This new card design is now approved for use by financial institutions throughout the U.S., and international approvals are underway. Financial institutions can now automate their prepaid programs through their existing ATM fleets.”
Product Launched: January 2012
HQ Location: Mesa, Arizona
Company Founded: 2006
Metrics: Privately held; 8 employees
Presenting Todd Nuttall (CEO) 

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TSYS, People-Centered Payments and Spend Controls for Consumers

By David Penn Posted on
Categories: FinovateSpring 2013, TSYS

Thumbnail image for TSYSLogo.jpgThis is part of our live coverage of FinovateSpring 2013.

Next to the stage is TSYS, presenting their consumer spending controls solution.
“TSYS Spend Controls for Consumers provides convenience, control, and peace of mind with the power to turn the consumer’s browser or connected device into a 21st century financial control center. They can remotely control how, when, and where their money gets used, and most importantly by whom. The payee will be sent easy to understand, plain category exclusions and restrictions that will reduce risks for both the card issuer and the consumer by monitoring transactions in real-time and enforcing responsible spending at the point of sale. This allows everyone to avoid costs and aggravation associated with misuse and fraud, results in higher payments automation, helps businesses grow volumes by increased efficiencies and furthers card adoption.”
Product Launched: 2012
HQ Location: Columbus, Georgia
Company Founded: August 1983
Metrics: $1.8 billion in annual revenue; 8,000+ employees worldwide
Website: tsys.com
Twitter: @TSYS_TSS
Presenting Paul Bridgewater (SVP Global Product and Innovation) and Frank Braski (Enterprise Architect)

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Internet Biometric Security Systems Provides Web Portals with Advanced Biometric Security Protection

By David Penn Posted on
Categories: FinovateSpring 2013, Internet Biometric Security System

Thumbnail image for IBSSLogo2.jpgThis post is part of our live coverage of FinovateSpring 2013.

Next to the stage is Internet Biometric Security Systems. The company is presenting its Genesis Enterprise Edition, which provides four-factor authentication in real-time.
“Genesis Enterprise Edition is a full-scale, comprehensive, biometric identification management system. Our system uses an industry superior, 4-factor identification design:
1. Real time, legal verification of end user personal information
2. Coupled with RealTime biometric facial authentication
3. Coupled with RealTime voice authentication
4. Coupled with RealTime event session biometric monitoring of each online financial transaction equipped with a biometric authenticated timeline audit log record.
IbssMail provides a full, 360, biometrically-secured, email platform that provides superior privacy and protection of financially sensitive online email communications.”
Product Launched: April 2013
HQ Location: San Diego, California
Company Founded: May 2005
Metrics: 20 employees; $12 million in contracted sales; 850,000 users
Website: ibssllc.com
Twitter: @IBSSINC
Presenting David Ackerman (President) and David Merritt (VP Sales)

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Corduro Introduces PayMobile: Payment Free from Devices, Cards and Checks

By David Penn Posted on
Categories: Corduro, FinovateSpring 2013

Thumbnail image for CORDURO_logo.jpgThis is post is part of our live coverage of FinovateSpring 2013.

Staring off after the lunch break is Corduro, with an interactive introduction to their Corduro PayMobile on-the-go payment solution. 
“At the show, you will experience payments free from devices, cards, and checks. Use a card if you want, but you’ll miss the innovation. Download Corduro PayMobile, register, add a credit/debit/gift card to the wallet, and be a part of the innovation. Corduro PayMobile is integrated to social networks, and provides both merchant and consumer payment acceptance.
Product Launched: April 2013
HQ Location: Southlake, Texas
Company Founded: 2010
Metrics: 12 person team
Website: corduro.com
Twitter: @corduro
Presenting Robert Ziegler (CEO)

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OneID Introduces One-Click Login, Two-Factor Authentication Security Solution

By David Penn Posted on
Categories: FinovateSpring 2013, OneID

Thumbnail image for OneIDLogo.jpgThis post is part of our coverage of FinovateSpring 2013.

The team from OneID is making its way to the stage. The company brings together advanced encryption and a distributed cloud architecture to help consumers transact easier, safer, and more efficiently online and on the go.
“By combining a tap- and click-driven user experiences with public key cryptography, OneID delivers convenience and security to consumers and providers alike.
  • Login: Single-click login, no password needed
  • Two-Factor Authentication: Customizable to meet different security requirements
  • Cross-Sell: Removes friction with single-click form filling
  • Top of Wallet: Increases purchase frequency with e-commerce deployment of OneID.”
Product Launched: May 2013
HQ Location: Redwood City, CA
Company Founded: May 2011
Metrics: $7 million raised; 20 employees 
Website: oneid.com
Twitter: @OneID
Presenting Alex Doll (CEO) and Clay Hausmann (VP Marketing)

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AuthenticID Launches PictureID to Beat Identity Fraud

By David Penn Posted on
Categories: authenticID, FinovateSpring 2013

Thumbnail image for authenticIDLogo.jpgThis post is part of our live coverage of FinovateSpring 2013.

Representatives from AuthenticID are making their way to the stage. The company is launching its latest authentication solution, pictureID.
“AuthenticID’s identity authentication solution, pictureID, annihilates ID fraud. It is the only system that’s invulnerable to fraud schemes. Our unique agreement with DHS allows pictureID to connect with all document issuers in the U.S. and Canada. This enables financial institutions and telecoms to go directly to the source for identity authentication. Unlike identity data analytic providers – we don’t ‘guess.’ We provide absolute ID confirmation since document issuers’ records are unique to every citizen. There’s no way to trick pictureID – it returns a picture of the real consumer on file with the document issuer – with 100% accuracy.”
Product Launched: May 2013
HQ Location: Atlanta, GA
Company Founded: January 2012
Metrics: self-funded/pre-revenue; 3 full-time employees and outsourced development teams
Website: authentic.co
Twitter: @AuthenticID
Presenting Blair Cohen (CEO & Founder) and Brian Rossignol (CISO)

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GoodApril Provides 365 Days of Online Tax Advice, Guidance, and Planning

By David Penn Posted on
Categories: FinovateSpring 2013, GoodApril

Thumbnail image for Thumbnail image for GoodAprilLogo.jpgThis post is part of our coverage of FinovateSpring 2013.

Next up to the stage is GoodApril, with a personal finance management approach to online tax planning.
“Today, GoodApril is unveiling its next-generation, automated tax monitoring solution for consumers.
GoodApril’s online Tax Checkup analyzes your 2012 tax return to identify tax savings opportunities for the year ahead. We also forecast how much more you will owe in taxes as a result of the 7 major tax rules changes included in the Fiscal Cliff tax bill and the Affordable Care Act.”
Product Launched: March 2013
HQ Location: San Francisco
Company Founded: January 2013
Metrics: 3 employees
Website: goodapril.com
Twitter: @goodapril
Presenting Benny Joseph (Founder) and Mitch Fox (Co-Founder)

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Wallaby Financial Launches its Cloud-Based Wallet, Intelligent Credit Card Combo

By David Penn Posted on
Categories: FinovateSpring 2013, Wallaby Financial

Thumbnail image for Wallaby_logo.jpgThis post is part of our coverage of FinovateSpring 2013.

Starting off the second session here on the first day of FinovateSpring 2013 is Wallaby, empowering mobile commerce with an e-wallet/card combination.
“We will demonstrate the new Wallaby Wallet Boost. This makes it easy for consumers to build the ideal mix of credit cards for their particular needs. Wallet Boost extends the power of the patent-pending Wallaby Engine. Wallet Boost delivers intelligent, real-time credit card recommendations to help consumers identify the optimal collection of credit cards that will earn them the most rewards, cash back, or help reduce interest. Consumers add current credit card accounts to Wallet Boost, which scans recent past transactions, and produces a customized recommendation on which cards the user should acquire to maximize their financial goals.”
Product Launched: May 2013
HQ Location: Pasadena, CA
Company Founded: August 2011
Metrics: $1.5 million raised; 9 employees; 25,000+ registered users
Website: walla.by
Twitter: @wallabycard
Presenting Matthew Goldman (CEO & Co-Founder) and Todd Zino (CTO & Co-Founder)

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Building a Better Bitcoin? OpenCoin Launches Ripple

By David Penn Posted on
Categories: FinovateSpring 2013, OpenCoin

ripplelogo1.jpgThis post is part of our live coverage of FinovateSpring 2013.

Finishing up the first session of the day is OpenCoin, developers of the world’s first open source payment network, Ripple.
“At its core, Ripple is a distributed global ledger that creates a distributed open source payment network and the world’s first distributed currency exchange. Ripple solves the double spend problem through a process of consensus rather than Bitcoin’s concept of mining. Ripple furthers the Bitcoin mission with faster transactions (confirming in seconds, not minutes) and a multi-currency design that allows for any currency to be traded within its exchange. In fact, Ripple is so versatile, it’s the best place to hold and use Bitcoins.”
Product Launched: February 2013
HQ Location: San Francisco, CA
Company Founded: September 2012
Website: ripple.com
Twitter: @Ripple
Presenting Chris Larsen (CEO) and Jed McCaleb (CTO)

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