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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.
This week, TSYS announced that it is buying the second largest prepaid debit card company, NetSpend, for $1.4 billion. The purchase, expected to be complete by summer, will give TSYS access to the growing market for prepaid debit cards.
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Here’s a closer look at what TSYS is adding to their portfolio including a few facts about the prepaid debit card market:</br
iPay Solutions, the person-to-person payment service from ProfitStars has processed more than 1.8 million payments from July 1 through December 31, 2012. The payment value was more than $1.2 billion.
The company also announced a year-over-year increase for the second quarter of fiscal 2013 (October through December) of more than 38% in P2P users, and more than 37% in payments. The average amount per transaction was $719.
P2P payments have long been a mainstay of the iPay Solutions service, with the company offering a separate person-to-person solution in 2010. Now iPay Solutions is used for P2P payments by more than 2,700 financial institutions.
ProfitStars is a division of Jack Henry & Associates. The company has more than 11,000 clients globally, and was recognized by Celent as number #1 in Remote Deposit Capture and Branch Image Capture. They last demoed at FinovateSpring 2012. See their Budget Manager in action here.
Rescuecom highlights TransferWise as low cost, currency conversion option.
Pageonce’s drive to create a mobile checkbook on your smartphone just reached a new gear.
The new service, Pay Anyone, gives smartphone users the ability to make the sort of frequent, informal payments typically reserved for checks. Rather than write a check to the landlord or the babysitter or the repairman, users will simply be able to make the payment as part of a person-to-person transaction using their Android or iOS device.
Coming to the stage now is mBank & Efigence implementing a full “Bank 3.0” makeover that combines social media and “real-time customer gratification:
“mBank is the 1st established European bank to undergo a comprehensive, mass-scale, Bank 3.0″ revolution of its direct channels including modern UI/UX of transactional banking, PFM, video banking, transactional/real time marketing, social channels, gamification and mobile banking.”
Representatives of Mistral Mobile are on their way to the stage now. The company will be demoing their Money Mobility Suite:
“Money Mobility Suite is the focal point of building a comprehensive mobile front-end for any financial service.Suite integrates to any financial services
system such as core banking systems, payment processing systems, or a stored value account system and provides fully secure communication between the system and the Money Mobility applications in the handsets.
Suite provides fast time to market to deliver mobilization for various types of financial services. Most importantly, it provides remote management and configuration capabilities for all the applications through a single configuration management center and enables the financial service provider to instantly add or change features available for the users of the different financial services products.”
“The best traders. Now on your account. The idea is temptingly simple: Why should we make trades ourselves if we can get the best day traders on our accounts automatically?Doing away with fees such as issue surcharges, transaction costs, and management and deposit commission? Build your own portfolio of top traders and change them as often as you like – for free.”
Next up is Acuity Systems with their demonstration of TraitWareID:
“TraitWareID simplifies and secures access to protected websites and applications by employing the user’s mobile device as a login token, eliminating the use of inconvenient and problematic usernames and passwords.
TraitWareID does this with patent-pending technology, which begins with user authentication, then binds the user’s identity to their device. TraitWareID utilizes digital identity mapping to analyze the user-created content of the authentication device.
Adding the patent-pending, user friendly, PhotoAuth image-based activation method to TraitWareID will enhance the security and user experience for transactions of all types on an end user’s device.”
Product Launched: October 2012
With a new way to organize events and share expenses with friends, Biletu is the next company to take the stage here at FinovateEurope:
“Biletu is an all-in-one, state-of-the-art app to join together events, chat, gamification, mobile payments, and social networks in a simple way. Biletu is a new, simple way to allow users to connect and for companies to engage innovatively with targeted users.”
Five Degrees is on its way to the stage right now. The company will be introducing Matrix, its banking services hub:
“Watch a fully-automated model bank with unparalleled self-service (on-boarding) that gives both customer and bank imminent insight and control in the process. Through the web-based, mid-office portal we offer the enormous potential of business benefits in terms of efficiency in adapting new businesses processes on the go.
As the market demands today, our open services hub integrates with external services like KYC checks, passport validation, PFM, etc. Come and view the fast and instant response for the next banking generation: rapid deployment, rich customer experience, instant and transparent insight for banks and clients alike.”
Product Launched: Q2 2013
Next to the stage is QuantConnect with its stock market simulator and backtesting solution:
“QuantConnect gives engineers free access to a stock market backtester with high-resolution data for designing trading algorithms. Engineers can design strategies and have them distributed to working capital.’
‘We are demonstrating our cloud-powered backtester, capable of simulating years of stock data in minutes. Users can design strategies in C# IDE, compile them online, and run them across 14 years of tick data (up to 8 TB data).”
Product Launched: February 2013
