Author: David Penn

Finovate Alumni News– March 4, 2013

By David Penn Posted on
Categories: Andera, ayondo, Blippy, Check Point, Comarch, Kiboo, Lending Club, Prepaid Resources, SecondMarket, Simple, SoMoLend, TradeKing

Thumbnail image for Finovate-F-Logo.jpg

  • Online Broker Review takes a look at the TradeKing iPhone app.
  • Ayondo’s investing and trading app TradeHub available on the iPhone.
  • Entrepreneur interviews Candance Klein, CEO of SoMoLend.
  • Brr Media interviews Kiboo founder and CEO Lisa Halpern.
  • TechCrunch chats with Simple CEO and co-founder Josh Reich to find out why Simple is better than your bank.
  • Lend Academy reports: Lending Club Issues $120 Million in New Loans in February.
  • American Banker reports: Bank of Zachary Selects Andera’s Account Opening System.
  • Check Point positioned as leader for 16th consecutive year in 2013 Gartner Magic Quadrant for Enterprise Network Firewall.
  • The WSJ reports: SecondMarket to Launch Student-Loan Securities Platform.
  • Blippy for iPad available at the iTunes App store.
  • Comarch announced as a sponsor of Loyalty Expo 2013 in Orlando, Florida.
  • Prepaid Resources announces partnership with IDology.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Three Finovate Alumni Make Top Ten Mobile Banking App List

By David Penn Posted on
Categories: BBVA, Pageonce, Simple

SimpleLogo.jpgLooking for the best in fintech innovation? According to American Banker, there’s a Finovate alum (or three) for that.

Simple, Pageonce, and BBVA Compass were featured in a slide show highlighting the “top ten most progressive mobile banking apps.”

Thumbnail image for Pageonce Logo.jpg

How did these three make American Banker‘s short list? According to the reviewers, “account application features, design, and ease of use” were among the main factors that helped distinguish the top ten (including these three Finovate alumni) from the rest of the mobile banking app field.
Watch Simple’s most recent Finovate demo here. And Pageonce’s presentation at FinovateSpring 2010 is here. 

Thumbnail image for Thumbnail image for BBVALogo.jpg

BBVA debuted stockbuzz.es on the Finovate stage in London at FinovateEurope in February.  Take a look at our Live Blog post from the event here.

Share this:

Send Post Twitter LinkedIn Facebook

Online Resources’ Face-Saving Collection Solution Gets an Upgrade

By David Penn Posted on
Categories: ACI Worldwide, Online Resources

online_resources_logo.jpg

Online Resources‘ Virtual Collection Agent does debtors a favor by getting rid of the inconvenience and potentially unpleasant interaction with a living, breathing debt collector.

So now, with the recently announced update VCA 5.0, Online Resources is poised to do a few favors for the financial institutions and billers, as well.

Among the new features are:

  • Tracking support for marketing campaigns and automated online offers
  • The ability to manage multiple accounts for individual customers with single sign-in for the consumer
  • Multi-language capability, and the option for WCAG 2.0 Level AA compliance certification

VCA offers consumers privacy, intelligent automation, and a tailor-fit resolution when paying in full is impossible. The update comes as Online Resources is en route to becoming part of ACI Worldwide, courtesy of a $260 million dollar deal announced earlier this year. 

Online Resources is one of 20 “Finovate charter alums,” having presented this very technology at the very first Finovate event in 2007.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– February 28, 2013

By David Penn Posted on
Categories: Acuity Systems, Azimo, BBVA, BillFloat, Comarch, Doxo, Efigence, Kashoo, Keynote DeviceAnywhere, MasterCard, Pageonce, PayPal, PaySimple, ShopKeep POS, Taulia, TESOBE
  • Thumbnail image for Finovate-F-Logo.jpgMasterCard to deploy Mobile PayPass technology in Brazil, the company’s first NFC payment project in Latin America. 
  • Social Commerce Today takes a look at Azimo and the multi-billion dollar remittance market. 
  • Woopra, the customer analytics blog, profiles BillFloat. 
  • BBVA Compass picks Keynote’s DeviceAnywhere platform for mobile app testing. 
  • Kashoo announces “flash sale” for its iPad accounting app. 
  • Mobile Payments Today highlights the Pay Anyone app from Pageonce. 
  • Comarch invests PLN 1 million in a bid to strengthen its customer support services.
  • Wired magazine features Acuity Systems’ Harlan Hutson talking about authentication and moving beyond the digital wallet.
  • Efigence-implemented Alior Currency Exchange wins best innovation of the year award for 2012 from Polish Academy of Sciences and editors of Business Forum magazine.
  • BBVA named Model Bank of the Year by Celent.
  • ShopKeep POS wins Stevie Award for Best customer service.
  • Fortune 100 company chooses Taulia to provide extensive invoicing capabilities.
  • PaySimple launches starter promotional pricing to help newer companies grow and manage their businesses.
  • TESOBE’s Open Bank Project organizes FinTech hackathon in London on the 19th of March at Level39.
  • Doxo introduces provider online bill pay and view.
  • PayPal expands relationship with Coinstar to add coins or dollars into or withdraw money from their PayPal accounts.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Second Largest Credit Union in Canada Chooses Temenos T24

By David Penn Posted on
Categories: Temenos

Thumbnail image for TemenosLogo.jpgCoast Capital Savings Credit Union announced that it will go live with Temenos T24, deploying the new core banking system in a bid to better serve the company’s 450,000 daily transactions.

Temenos T24 is among the best-selling core banking software systems in the world over the past 14 years, according to IBS Intelligence. The software has been a perennial winner of Banking Technology magazine’s annual “Best Core Banking Product” Readers’ Choice Award.

The second largest credit union in Canada, Coast Capital Savings Credit Union has enjoyed asset base growth of more than 100% over the past ten years (now at more than $13 billion dollars as of the end of 2011). Credit union membership stands at 475,000, with more than 50 branches in the greater Vancouver area of British Columbia.

Temenos was among the companies to participate in FinovateEurope 2013 last month in London. Video of their presentation will be available soon.

Learn more about Temenos from our “Live Blog” post from their FinovateEurope demo here.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– February 27, 2013

By David Penn Posted on
Categories: Actiance, Bolstr, BrightScope, Cortera, DeviceFidelity, FutureAdvisor, LearnVest, Lighter Capital, MasterCard, Monitise, Pageonce, Personal Capital, Prepaid Resources, SaveUp
  • Thumbnail image for Finovate-F-Logo.jpgappPicker reviews Pageonce – Money & Bills app.
  • BrightScope announces top finance, insurance companies with the best 401(k) plans.
  • Device Fidelity announces Incipio partnership, new line of NFC enabled cases for iPhone.
  • NerdWallet interviews Bolstr co-founders, Larry Baker and Charlie Tribbett.
  • The Monitise-powered mobile wallet from Blackberry, BBM Money, launches pilot in Indonesia.
  • Cortera Pulse wins Gold Stevie Award for new version of business intelligence solution.
  • Lighter Capital appoints Molly Greg as VP.
  • SaveUp’s CEO & Co-founder Priya Haji awarded a Social Innovation Leadership Award by the World CSR Congress.
  • US News Money looks at LearnVest, FutureAdvisor, and Personal Capital.
  • Forbes speaks with Actiance CEO to learn how Socialite helps companies overcome challenges using social media.
  • Prepaid Resources adds FraudGuard security services to their BenefitsDirect Direct Deposit management solution.
  • MasterCard wins Mobile Money Innovation award at the GSMA World Congress in Barcelona, along with partners Etisalat and Oberthur Technologies.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Never Mind the Dongles, PayPal’s British Invasion Scheduled for Summer

By David Penn Posted on
Categories: PayPal

Thumbnail image for Thumbnail image for PayPalLogo.jpgLong a staple of alternative payment options in the U.S., PayPal will be making its British debut this summer.

PayPal Here includes a handheld, chip & PIN reading device. This will allow the company to take advantage of the swipe-free, chip & PIN dominated markets of the UK and Europe. The device will be made available to a few British merchants this spring before the official product launch later in the year.

So why did the PayPal cross the Atlantic? Here are a few clues worth keeping in mind:

  • The mobile payments market in the UK is estimated at 18 million customers
  • The UK represents PayPal’s second largest market beyond the U.S.
  • The UK has smartphone penetration of 61%, among the highest in Europe

PayPal_Here_UK.jpg

Take a look at how PayPal Here will work for British merchants and their customers in this video.

With plans to expand beyond the UK to the continent (including, perhaps, to France, home country of PayPal president David Marcus, as noted by TechCrunch‘s Ingrid Lunden), PayPal Here is currently available in Canada, Australia, Hong Kong, and Japan.

PayPal last demoed for Finovate at FinovateEurope 2012. See its presentation here.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– February 26, 2013

By David Penn Posted on
Categories: Banno, Bazaarvoice, Expensify, Liqpay.com, Monitise, Pockets United, ProfitStars, Simple, Temenos, ThreatMetrix, TradeKing, TSYS

Thumbnail image for Finovate-F-Logo.jpg

  • TSYS reaches long-term deal with MLS Direct Network.
  • Ad Age takes a look at Bazaarvoice’s Media Labs project.
  • ProfitStars launches Gladiator Managed IT Services.
  • Expensify now available for BlackBerry 10 and the BlackBerry PlayBook.
  • Bank Innovation reports: New Banno President Charles E. Potts says Grip Will Triple User Base in 2013.
  • MyBankTracker lists Expensify as 1 of 3 finance apps that is way better than Mint.
  • ThreatMetrix introduces Behavioral Analysis in the ThreatMetrix Cybercrime Defender Platform.
  • Monitise triples value of payments and transfers over its technology platform from $10bn to $31bn.
  • Segodnya.ua features Liqpay in its review of the advantages and disadvantages of electronic money.
  • Coast Capital Savings Credit Union in Canada to deploy Temenos T24 core banking app.
  • Pockets United among the startups presenting at TechCrunch Mobile Barcelona this week.
  • Xconomy’s “Innovations in Financial Technology” features TradeKing.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

MasterCard Enables Enhanced Shopping Techniques with MasterPass

By David Penn Posted on
Categories: MasterCard

Making shopping easier and more efficient is the goal of MasterPass, the new technology unveiled today by MasterCard.

Building on its PayPass Wallet service, the new functionality of MasterPass will allow shoppers to do things like scanning bar codes and making purchases while avoiding the checkout queue.

Masterpass_screen.jpgMasterPass also will take advantage of securely stored payment information to enable consumers to pay for items and have them shipped to a default address with a single touch.

For the merchant, the ability to create their own branded digital wallet may be one of the more enduring appeals of MasterPass. These wallets will be open, allowing consumers to store any debit or credit card, including non-MasterCard cards, on the app.

MasterPass will support both barcode scans and NFC, as well as QR codes, tags, and mobile devices. The service will be available in Canada and Australia initially, and is expected to arrive in the UK by late spring, and the United States by summer.

MasterCard was last on the Finovate stage in the fall of 2011. See its demo here. 

Share this:

Send Post Twitter LinkedIn Facebook

Virtual Piggy Now an Option for Gaia Online’s Under-18 Members

By David Penn Posted on
Categories: Virtual Piggy

Thumbnail image for Thumbnail image for VirtualPiggyLogo1.jpg

Paying for everything from virtual furniture for your Gaia House to virtual auto parts for your Gaia Car just got easier for the under-18 set on Gaia Online.

Virtual Piggy announced today that its payment system could now be used to make purchases within Gaia Online, one of the world’s largest online communities. Now members will be able to use Virtual Piggy to buy Gaia Cash, the coin of the realm in this Internet community that claims more than 26 million registered users.

A few facts about Gaia Online:

  • Gaia Online was founded in 2003
  • Over one million posts are made to Gaia Online daily
  • Gaia Online has 7 million unique users each month
  • The company was awarded the Mashable Best User Experience Award in 2010

Founded in 2008, Virtual Piggy presented at FinovateEurope 2013 in February, earning a “Best in Show” award. Video of Virtual Piggy’s award-winning demo will be available soon.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– February 25, 2013

By David Penn Posted on
Categories: Azimo, Banno, BillGuard, Continuity Control, Kantox, Kony Solutions, MasterCard, SafetyPay, Service2Media, TrustedID, TSYS, Xero
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMasterCard announces MasterPass, enabling one-touch transactions with payment cards and devices.
  • Service2Media launches new version of App Lifecycle Platform, M2Active 4.0.
  • TSYS extends payment processing contract with Green Dot.
  • lovemoney.com features Azimo’s money transfer service.
  • Continuity Control releases regulatory compliance management system for small- to mid-size credit unions.
  • Kantox adds spot transactions to FX to offer a full range of FX services to corporate clients.
  • Kony opens EMEA office, enhances mobile CRM product.
  • Market Consensus reviews BillGuard.
  • New Zealand-based bank, ASB, supports automagic bank feeds into Xero.
  • Next Advisor compares TrustedID with competitor.
  • Des Moines Register reports: Open atmosphere, passion for product help Cedar Falls’ Banno grow.
  • SafetyPay to power Computop’s Paygate payment platform.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

DeviceFidelity Receives $1 Million in Debt Financing

By David Penn Posted on
Categories: DeviceFidelity

DeviceFidelityLogo.jpg

NFC plug-and-play technology firm DeviceFidelity has raised $1 million in debt financing.

Investors in the financing were not disclosed. However, six unspecified investors contributed to the financing starting on January 31st, according to a SEC filing.

The company’s leading innovations are in the field of mobile wallets. DeviceFidelity’s moneto (demoed at FinovateSpring 2012) uses microSD with an NFC chip to enable secure contactless transactions for both the iPhone and Android smartphones.

Share this:

Send Post Twitter LinkedIn Facebook