Alumni News– July 22, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMasterCard announces strategic partnership with Saigon Thuong Tin Commercial Joint Stock Bank to support card payments.
  • Finovate alums win honors at inaugural Mobile Innovations Awards event.
  • IDology teams up with CARD.com to boost activation and combat prepaid card fraud.
  • Micronotes releases Micronotes Social to retarget bank customers in their Facebook News Feed with relevant content.
  • SureSwipe Move using Handpoint to power acceptance of all major card payments.
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.

Finovate Alums Win Honors at Inaugural Mobile Innovations Awards Event

Finovate Alums Win Honors at Inaugural Mobile Innovations Awards Event

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Congratulations to four Finovate alums that took home top honors at the Mobile Innovations Awards.

    • Arxan Technologies – Best Management of Mobile Security Issues
    • Jumio (Netswipe) – Most Innovative App for Payments
    • PayPal – Best Mobile Wallet
    • Top Image Systems (MobiFLOW) – Best Use of an App to Collect Data and Information
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The Mobile Innovations Awards “pay tribute to those pushing the boundaries of what is possible using a mobile device.” Focused on innovation in the EMEA (Europe, Middle East, and Africa) region, the awards are designed to help companies raise their profile in the area, as well as network with peers and potential partners.

A total of 21 awards were given: 18 mobile categories and three “special recognition awards”. More about the award categories here.
The Mobile Innovations Awards is organized by the founders of The Card & Payment Awards and The Loyalty Awards. Finovate alum TSYS was a prime sponsor, and Monitise Create, another alum, was a category sponsor.
The Mobile Innovations Awards of 2015 will make its Call for Entries on November 1, with an entry deadline of February 28, 2015. EMEA-area businesses with live products or services in 2013 are eligible to apply.
See the most recent demo videos from our award-winning alums below:
Arxan Technologies (FinovateEurope 2014)
Top Image Systems (FinovateEurope 2014)

Alumni News– July 21, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgACI Worldwide announces plans to acquire fraud prevention specialist, Retail Decisions (ReD).
  • Monitise and IBM formalize multi-year partnership to enable broader mobile banking and e-commerce technology adoption.
  • Standard Bank to be first southern African FI to offer MasterPass from MasterCard.
  • American Banker covers how Dwolla payment network enables Google Glass payment technology.
  • PBS Newshour considers how HelloWallet helps users meet their financial goals.
  • InfoWorld: Ping Identity wants to replace sign-ons with smartphones.
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.

Meet the Presenters of FinovateFall 2014!

Meet the Presenters of FinovateFall 2014!
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It’s summer here in Seattle. But here at Finovate, we’re already looking forward to the fall.

FinovateFall 2014 will return to New York City on September 23 and 24 to showcase an interesting blend of bold startups and industry veterans.

Without any further ado, here’s an introduction of the FinovateFall 2014 presenting companies:
  • Algomi is a markets social network for voice trading in professional finance.
  • AnchorID replaces all your different usernames and passwords with a single Universal Username from Anchor ID.
  • Ayasdi uses Topological Data Analysis to transform how the world uses data to solve problems.
  • Backbase provides Backbase Engage for Retail Banking, out-of-the-box widgets and industry best practices to modernize your digital retail banking experience.
  • BCSG offers unrivaled experience and expertise in helping large organizations deliver cloud-based services to their SMBs.
  • BioCatch is a leading provider of behavioral authentication and threat detection solutions for mobile and Web applications.
  • BizEquity is the ultimate lead generator for banks and financial advisors serving small business owners.
  • blooom is a whole new way to 401(k).
  • BlueVine Capital lets small business get an immediate advance on their invoices, freeing up cash for paying expenses and growing their business.
  • CR2 provides innovative self-service banking solutions including ATM, Kiosk, Internet banking and Mobile banking solutions.
  • CrowdFlower is a people-powered data enrichment platform to collect, label, and clean financial data at scale.
  • eMoney Advisor is changing the way financial advisors serve their clients.
  • EverSafe is a proactive defense technology that guards against financial abuse of older Americans.
  • EyeLock is a global leader in iris-based identity authentication solutions focused on changing the way identities and information are protected.
  • FamDoo has automated the traditional allowance process and helps teach kids financial literacy.
  • Financeit is a platform that makes it easy for businesses of any size to offer consumer financing to their customers.
  • Finovera provides an online bill management and financial document storage product that complements the online banking experience.
  • Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.
  • FlexScore, the industry’s first personal finance score, engages customers by recommending products via “gamification” strategies.
  • Geezeo provides a Business Financial Management platform, offering business customers predictive insight and capability beyond the expected.
  • Global Debt Registry is the independent, digital, Chain of Title tracking system for the consumer debt industry.
  • Gremln is the complete social media management tool for marketing success while maintaining regulatory compliance.
  • HedgeCoVest brings hedge funds to the investing public through its revolutionary Replicazor technology.
  • Hoyos Labs is a digital infrastructure security company with security, computer vision, biometrics, and big data experts.
  • iQuantifi is a virtual financial advisor helping young families and millennials achieve their financial goals.
  • Kabbage funds small businesses in fewer than 7 minutes.
  • Kapitall, the fusion of investing and gaming, is the next-generation financial platform for Millennials.
  • Knox Payments allows people to make ACH payments via their online banking credentials.
  • Larky helps consumers save $1,000+ per year while boosting loyalty and transaction revenue for financial institutions.
  • LendKey provides cloud-based lending solutions for 285+ banks, credit unions, and peer-to-peer lenders.
  • Linqto connects you to a live teller or loan officer from your phone or website.
  • Luxoft is a leading provider of software development services and innovative IT solutions to a global client base consisting of multinationals.
  • Malauzai Software provides Cool SmartApps for community banks and credit unions that are easily managed and measured.
  • MasterCard is a technology company in the global payments industry.
  • Matchi is a global innovation matchmaking platform that brings the best minds in banking and the world’s brilliant innovators together.
  • MaxMyInterest is an intelligent cash management solution that helps you earn more on FDIC-insured bank deposits, automatically.
  • mCASH lets you pay to anyone. Anytime.
  • Minetta Brook is augmented intelligence for surfacing trading ideas from real-time developing news.
  • Misys Digital Channels is the leading innovators of digital banking technology for financial institutions.
  • MoneyDesktop develops digital banking technologies that break down siloes and drive customer-centric banking relationships.
  • MoneyStream is a next-generation PFM service that lets consumers see and manage their day-to-day spending in one place.
  • NICE Systems gets you closer to your customers, analyzing every interaction and transaction to build a detailed picture of the customer journey.
  • NopSec is a vulnerability risk management software-as-a-service that helps businesses to reduce IT cyber-risk by remediating the vulnerabilities that matter most.
  • Patch of Land is crowdfunding’s leading peer-to-peer real estate lending marketplace.
  • PayItSimple enables merchants to offer their customers the option of paying for purchases in installments via the customer’s existing credit card, interest free.
  • Powerlytics is a market intelligence platform that powers better decisions by using the most accurate comprehensive business and consumer finance data available.
  • Progresso Financiero is the leader in responsible and affordable small dollar credit for underserved Hispanics.
  • Rippleshot reduces 25+% of fraud losses by uncovering merchant data breaches and stopping card fraud.
  • SelfScore is a better way of qualifying credible young people. We are like FICO for millennials.
  • Settle is mobile payments service that improves the way to order and pay for every customer and merchant.
  • SiteHeart is launching a fundamentally new interface and ideology to serve customers in the form of a dialogue via smart messenger.
  • SK Planet Inc. builds applications that inspire, connect, and engage.
  • Sonavation is a pioneer in advanced biometric authentication solutions leveraging patented deep scan imaging and data encryption technologies.
  • Sr. Pago is a mobile payments platform for the unbanked in Mexico.
  • Thinknum is a web platform to value companies.
  • TickSmith makes financial big data usable with its big data platform.
  • Toopher is the most usable and most secure multifactor solution for logins and critical action authentication.
  • Top Image Systems is an innovator of enterprise solutions for managing and validating content entering organizations from various sources.
  • True Potential is one of the UK’s fastest-growing and most innovative financial services technology groups.
  • Vantiv is a leading integrated payment processor focused on helping its clients be more successful.
  • VerifyValid is an innovator in providing electronic check payments for businesses, consumers, banks and their customers.
  • WingCash is a unique payment and promotion platform allowing individuals and businesses to pay one another with cash from mobile devices.
  • WorkFusion combines AI with crowdsourcing to improve data quality and reduce costs by 50%.
  • Yodlee is a Financial Cloud, powering digital financial innovation globally.
  • Zenmonics & Diebold combine to pioneer technology that innovates customer engagement within the branch.
In addition to the companies listed above, we’ll have a few more stealth companies to announce as we get closer to the event.

Be sure to stay tuned for our Sneak Peek series, which will help you get to know each company in advance of the show.
Join us in New York! Get your ticket to FinovateFall 2014 before August 16 to qualify for Early Bird savings.

Check Announces Major Expansion of Photo Bill Pay Beta

Check Announces Major Expansion of Photo Bill Pay Beta

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Less than a month after being acquired by Intuit, Check has announced that it is expanding the beta program for its latest innovation: photo bill pay.

Starting this week, tens of thousands of Android users will have the opportunity to take Check’s photo bill pay technology for a trial run. The company hopes to have its photo bill pay solution available on all platforms by the end of the year.

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How does Check’s photo bill pay work? Start with an Android smartphone, an installed Check app, and an unpaid bill. Users open the camera icon on the app, and then take a photo of the bill with their smartphone. The next screen provides the user with some basic information, as well as a scanned copy of the bill.

Consumers can pay with whatever payment method they prefer, such as a bank account or credit card. The bill can be paid immediately or scheduled for payment at a later date.
As Check sees it, not only is photo bill pay a great convenience for the consumer, but also the technology supports the company’s mission to promote a paper-free world when it comes to managing personal finances.
Note that the photo bill pay technology is free to use and works with any payment method.
Launched in 2008 under the name Pageonce and demoing under that name at FinovateFall 2010, the company rebranded as Check in the summer of 2013. It was acquired by Intuit in May 2014. The company has more than 11 million users. Guy Goldstein is CEO.

Zooz Raises $12 Million in Round Led by Blumberg Capital

Zooz Raises $12 Million in Round Led by Blumberg Capital
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Almost a year ago to the day, we featured Zooz CEO Oren Levy as part of our CEO interview series.

Today, we learn that the e-commerce payments innovator has announced a new $12 million investment, courtesy of a funding round led by Blumberg Capital. Zooz’s total capital now stands at more than $30 million.

Existing investors participating in the round were lool ventures, Rhodium, and XSeed Capital. New investors included Access Industries and Camp One Ventures. Zooz plans to use the new capital to further develop its technology, as well as to support the company’s growth as it looks to add new offices and scale up operations.
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Speaking of the funding, Zooz CEO Oren Levy pointed to the challenges of “globalization, omni-channel retail, and coordination between multiple financial institutions” to help explain his company’s mission – and its attractiveness to investors. By providing retailers with greater payment flexibility, Zooz helps businesses grow revenues, gain new customers, and participate in new markets. 
Blumberg Capital’s Alon Lifshitz added:
“There is clearly a need for an advanced payment technology that can help businesses stay ahead of their competition through optimization and technology differentiation, and that is where Zooz excels.”
Zooz enables enterprise-class retailers to optimize their payment process through a broad network of acquirers and payment methods. Zooz helps companies access these acquirers and methods, as well as making it easy for new acquirers and methods to be added and integrated into the network. The company’s Smart Routing solution allows retailers to achieve and provide a consistent, cross-channel payment experience for both sides of the transaction.
Zooz was founded in 2010. The company made its Finovate debut at FinovateFall 2013, showing its Global Payments Platform.

Coinbase Integration Brings Bitcoin Payments to Shopify Merchants

Coinbase Integration Brings Bitcoin Payments to Shopify Merchants
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If you’re a merchant on the Shopify e-commerce platform with a hankering to join the cryptocurrency revolution, then Coinbase has some very good news for you.

Thanks to a new integration of Coinbase’s technology, the more than 100,000 merchants that rely on Shopify to do business online will be able to start accepting payment in bitcoin as early as Tuesday.

The process involves setting up a Coinbase account, initiating the integration on Shopify, providing account credentials, and that’s it. Already on board are merchants such as Leap Motion, Soylent, and iOgrapher.
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Coinbase is a bitcoin payment processing and digital wallet platform that makes bitcoin transactions easier and safer. The company holds more than one million consumer wallets, and enables more than 28,000 merchants to accept payment in bitcoin. There are no fees charged for the first $1,000,000 in transactions, with merchants paying a 1% exchange fee beyond that amount. Coinbase’s most recent innovation, demoed at FinovateSpring in San Jose this year, is called Instant Exchange and helps remove exchange rate risk from bitcoin transactions.
Coinbase has had a busy first half of 2014. The company’s technology was integrated with Intuit’s PayByCoin in June. And Coinbase earned a spot on CNBC’s Disruptor 50 list shortly after announcing its acquisition of Kippt in May.
Founded in 2012 and headquartered in San Francisco, Coinbase was co-founded by Brian Armstrong (CEO) and Fred Ehrsam (President).

Developers! Curious how Coinbase makes it easy for merchants to add bitcoin payment functionality to their businesses and apps? Learn more about Coinbase’s Bitcoin API here. And be sure to check out our FinDEVr page for updates on the first event for fintech developers.

Alumni News– July 15, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgHow Big is the Braintree SDK? PayPal’s Acquisition Launches Toolkit Reboot.
  • Fiserv partners with ChannelNet to provide self-service options for LoanLink borrowers.
  • MasterCard introduces its MasterPass e-commerce technology in South Africa.
  • Upstart Business Journal features Taulia.
  • TSYSProPay partners with ThreatMetrix to provide fraud prevention solutions to its customers.
  • Top Image Systems announces appointment of Lyron Bentovim to CFO.
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.

How Big is the Braintree SDK? PayPal’s Acquisition Launches Toolkit Reboot

How Big is the Braintree SDK? PayPal’s Acquisition Launches Toolkit Reboot

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For all the anticipation of draft day, there’s nothing like the excitement on the day when fans get to see the new addition finally take the field.

That team is PayPal and their newest addition, Braintree has just made its first big play: v.zero.

V.zero is a major overhaul of Braintree’s Software Development Kit (SDK) that puts PayPal integration front and center for app developers eager to add in-app payment functionality to their solutions.

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Writing at the Braintree v.zero blog, Ben Mills and Tony Pitluga point to the new SDK as a major, post-acquisition goal. “From the moment we joined forces with PayPal in December 2013, we have been working hard to make accepting PayPal as simple as we made accepting credit cards.”
Braintree also provides a Sandbox to let developers test v.zero without needing a PayPal account. The SDK offers both online/web integration via Javascript, and mobile by way of Android and iOS. A complete PayPal integration guide is available here.
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Here’s a look at some of the issues raised in the coverage of the announcement late last week.
Forbes focused on the “D” in Braintree’s SDK, making the point that the new tools will make it that much easier for mobile app developers to get paid for their work. This is no accident. Forbes notes how Braintree is pursuing the “long tail” of startups whose services tend to require “payments on the spot” and are “built exclusively for smarphones.”
Forbes also highlights on beta tester, retailer Jane.com. The company says that it now gets 11% of its sales through PayPal since integrating Braintree’s new tools.
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TechCrunch makes sure to put the new SDK in the context of the recent acquisition that brought Braintree into the PayPal tent. In addition to noting that the SDK is the “first significant product announcement” since the acquisition, TechCrunch underscores how the technology has been “rebuilt from the ground up.”
The goal of the rebuilding is to make it easier and faster for merchants to integrate the tools into their own systems. Speed (10-15 minutes) is one factor, but TechCrunch also noted features like the “drop-in” user interface that makes it easier for smaller startups to further minimize the time spent in integration.
TechCrunch’s reporting also provides a handful of interesting quotes from PayPal CEO, Bill Ready. In particular, Ready’s idea of being able to change payment methods in app as simply as “flipping a switch” is part of what he considers “future proofing” the technology.
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And with a bit of prompting, it is clear that the future Ready is proofing for includes everything from international commerce, non-card payments, and even crypto currencies like Bitcoin.
We also get the names of some additional beta testers, with Chargify, GitHub, and ParkWhiz also reportedly taking v.zero out for a spin. Twilio is also said to be planning to integrate the SDK.
Other interesting observations included a note in VentureBeat that PayPal’s current mobile API will continue to exist. But that it is clear that the v.zero will be treated as the “preferred way to integrate PayPal” going forward.
Founded in 2007, Braintree demoed its recently-acquired Venmo Touch technology at FinovateSpring 2013 in San Francisco. See the company on stage here.

And if you like coverage of developer issues, then you’ll love FinDEVr. Brought to you by a team from Finovate, FinDEVr is the first event for fintech developers and will take place September 30 and October 1 in San Francisco. Take a look at some of the innovators who are already on board:
Join us! Early bird discounts are in place until July 25. Visit our registration page here to save your spot.

Alumni News– July 14, 2014

  • Webster Bank to deploy online banking platform from ACI Worldwide.
  • MasterCard’s e-commerce enabler MasterPass launches in Poland.
  • Wall Street Journal features Klarna and its plans for expansion.
  • WSJ features BehavioSec. Get a closer look at BehavioSec at the very first FinDEVr.
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.

Personal Capital’s Financial Management App Now Available on Android Wear

Personal Capital’s Financial Management App Now Available on Android Wear

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Thanks to Personal Capital, when it comes to finance and investing, you can take it with you.

Personal Capital announced yesterday that its finance management app is now available on Android’s smart watch, Android Wear.

Personal Capital Chief Product Officer Jim Del Favero called wearable devices “the next evolution of mobile.”  When users have Personal Capital on their Android Wear device, they can access a full suite of PFM functionality with them wherever they go.
The free app is available for download in the Google Play Store. Features include:
    • YouIndex: end of the day notification feature that compares your portfolio (your “YouIndex”) to the S&P 500 and other stock market indices
    • Advice and Alerts: personalized notifications for goal-tracking
    • Actionable Information: an omni-channel experience that allows users to access the app on more than one device
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Part of a growing ecosystem of alternative investment management services, Personal Capital differs from so-called “robo-advisors” by not just relying on algorithms to make investment decisions. Technology plays a role, of course. Personal Capital CEO Bill Harris said in a June interview with CNBC that automated tools helped “discipline” the investment process, and refers to his company as “technology-assisted.” But in combining technology with what he calls “sophisticated and customized management” Personal Capital brings a wealth management model that has worked for high net worth individuals to a broader, “mass affluent” market.
Personal Capital is headquartered in Redwood City, California, and was founded in 2009. The company last demoed at the FinovateSpring conference in San Jose earlier this year. See a video of the company on stage here.

Alumni News– July 11, 2014

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  • Taulia launches Early Payment Quick Start Initiative to facilitate early payment financing for small businesses.
  • SecureKey teams up with Oberthur Technologies to offer new, device-based online authentication solutions.
  • Guest column by Monitise in Forbes says Turkey is fertile ground for technology innovation.
  • Germany-based ayondo opens office in Singapore.
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.