Payfone Launches 1 Touch Checkout

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Afterward, Payfone launched 1 Touch Checkout:

“Payfone’s 1 Touch Checkout drives frictionless commerce by retrieving the payment credential tied to the mobile number, thereby eliminating steps in the checkout process and driving higher conversion.”

Product Launched: September 2012
HQ Location: New York, NY
Company Founded: March 2008
Metrics: 40 employees
Website: payfone.com
Twitter: @payfone
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Amy Masters (VP Marketing) and Prakash Hariramani (VP & Head of Product)
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Prepaid Resources’ BenefitsDirect Provides an Efficient Direct Deposit Solution

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Then, Prepaid Resources demonstrated BenefitsDirect, a direct deposit solution:

“BenefitsDirect provides the most effective and comprehensive direct deposit solution to deliver recurring revenue. Easily capture Federal benefits, State benefits and payroll deposits on your accountholder website, in-branch, at retail, by mobile app or live agent. Track enrollment success and utilize direct deposit analytics to pro-actively personalize accountholder relationships.”

Product Launched: April 2009
HQ Location: New York, NY
Company Founded: March 2007
Twitter: @PrepaidResource
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Barry Kessler (President & CEO) and Duane Jacobsen (VP & COO)
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Leadfusion Makes It Easy for Customers to Select Financial Products

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Next, Leadfusion demonstrated how it can make the process of selecting financial products easier for consumers:

“Leadfusion’s new Cross Channel Selling solution unites the online and offline experiences for consumers who are evaluating financial products, while also delivering powerful selling tools to retail branch personnel. 

For the first time, a consumer can begin the consideration of a financial product or service in any channel, and continue that investigation in a different channel – picking up where they left off. By creating a unified experience, Cross Channel Selling makes the selection of a financial product easier and more convenient for the consumer. And with Cross Channel Selling, financial institutions can offer consistent product recommendations across channels while placing helpful selling and lead management tools in the hands of the front-office staff.”

Product Launching: December 2012
HQ Location: San Diego, CA
Company Founded: 1995
Metrics: Leadfusion is privately held with over $5M in annual revenue, more than 250 customers and 1.2M visitors hosted per month.
Twitter: @Leadfusion
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Mark Nelson (VP of National Sales), Matt Kojis (Senior Product Manager), and Nilima Achanti (Director of Implementation Services)
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Euronovate Launches ENSIGN 10 to Help Branches Take A Step Toward Becoming Paperless

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Third up, Euronovate launched its paperless technology:
“Existing companies are focused on only one key element, creating a fragmentation of competence and making it difficult for customers to realize a successful paperless project. Euronovate owns all the expertise and the best product to deliver a turnkey paperless program (using partner resources). 

ENSIGN 10 + ENSOFT are innovative tablet and software for advanced electronic signature and instant marketing, with a unique concept that assures maximum customer experience and level of security. Features include: 10″ wide screen, biometric data-capture including special on-the-air movement and 1.024 pressure level, one single shell impossible to open, encryption 3DES in communication, USB cable for power and data transmission, avoiding any tentative sniffing, tempered glass.”
Product Launched: September 2012
HQ Location: Lugano, Switzerland
Company Founded: February 2012
Metrics (as of July 31, 2012): 1.3M € in revenues, 15M € in pipeline closing by end of 2012, 6 internal employees, 250 resources available through industrial stakeholders, in due-diligence with Atlante Ventures for raising 1.5M €
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Alberto Guidotti (President & CEO) and Nicola Ruggiero (Director)
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Manilla Helps Users Stay Organized

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Second up, Manilla demonstrated its bill management platform:
“Manilla.com is the free, award-winning service that helps you manage everything in your life in one place and has updated its features so that customers can seamlessly manage their lives even more easily than before. 
Manilla has made improvements to its mobile apps (which have received 4+ star ratings and thousands of user reviews), upgrades to the way customers categorize their bills and accounts on Manilla, and improvements to its convenient add-account process that allows customers to manage all of their accounts on Manilla’s clean, streamlined interface.”
Product Launched: February 2011
HQ Location: New York, NY & San Francisco, CA
Company Founded: March 2010
Metrics: 50+ employees
Website: manilla.com
Twitter: @Manilla
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Chris Victory (VP, Business Development) and Bill Eller (Senior Director of Business Development)
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eToro Launches a Social Trading Index

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After the break, eToro took the stage with its social trading index:
“The Social Trading Index is an evolution of eToro’s CopyTrader technology, which enables users to copy the trading activity of any user in the network in order to create a diversified people-based portfolio. As a result of offering the ability to aggregate several users into a single social trading index, users are able to benefit from an even more diversified and controlled investment portfolio. Through CopyTrader and Social Index people have now been transformed into a new asset class, paving the way for a social approach to investing.”
Product Launched: August 2012
HQ Location: Limassol, Cyprus
Company Founded: 2007
Metrics: 190 employees with offices in the United States, Europe & Australia, $31.6M raised to date, more than 2.5M registered users
Website: etoro.com
Twitter: @eToro
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Johnathan Assia (CEO) and Tal Ben Simon (Director of Product Management)
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ValidSoft Brings Secure Mobile Architecture to Real-time Transactions

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Last up for this session, ValidSoft showed the audience its SMART technology:

“ValidSoft’s SMART platform caters for the disparity in mobile networks and devices, use cases and the corresponding transactional risk intrinsic in mobile payment applications. 

SMART achieves this by providing a layered architecture of voice and mobile network‐based security protocols and technologies, both visible and invisible, to protect mobile payment and M‐banking transactions alike.”

Product Launched: January 2012
HQ Location: London, UK
Company Founded: 2003
Metrics: ValidSoft has 20 employees, most of them working out of the London office
Website: validsoft.com
Twitter: @ValidSoft
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing John Petersen (Global Head of Business Development) and Emmanuelle Filsjean (Global Head of Marketing)
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PaySimple Helps Small Businesses Get Paid Faster

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Next, PaySimple demonstrated its solution to help small businesses get paid faster and increase customer engagement:

“Late payments and business growth challenges continue to plague small businesses. PaySimple has recently launched a get paid faster while you grow your business feature set. This new innovation ensures small businesses get paid faster through simple automation of early payment incentives and late payment penalties. 

In addition, the innovative features promote business growth by driving social engagement as a natural extension of the payments flow. The social features help businesses grow their social following and improve their online review presence to retain active customer engagements and become a more attractive option to new potential customers.”

Product Launched: April 2010
HQ Location: Denver, CO
Company Founded: January 2006
Metrics: $28.5M raised, 75 employees
Website: paysimple.com
Twitter: @PaySimple
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Eric Remer (CEO) and Jenae Wiegert (VP, Product)
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Guardian Analytics’ FraudXCHANGE Helps FIs Detect Fraud

GuardianAnalytics.jpgAfterwards, Guardian Analytics demonstrated how FraudXCHANGE can help FIs detect fraud:

“FraudXCHANGE is Guardian Analytics’ cross-institution fraud detection platform. Both a collaboration portal and a fraud detection engine, FraudXCHANGE provides FIs a way to take advantage of the fraud data, experiences, expertise, and ideas of hundreds of FIs and fraud prevention experts in our rapidly growing FraudMAP user community, partner community and industry association network.”

Product Launched: November 2012
HQ Location: Mountain View, CA
Company Founded: March 2005
Metrics: Guardian Analytics has 50 employees and over 200 FIs. The company has experienced rapid growth (over 200% year over year growth in customers from 2010-2011) fueled by the acceleration in fraudulent attacks against FIs and recent regulatory guidance setting expectations that all FIs should have the ability to detect and respond to suspicious activity in any electronic banking channel.
Twitter: @GuardAnalytics
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Terry Austin (President & CEO) and Luis Rojas (Director Product Management)
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TouMetis Brings PFM to Small Business Owners with $mart

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Next, TouMetis showed off $mart, a PFM for small businesses:
“TouMetis will be launching an extension to Personal Financial Management for small business owners. With over 25M+ small/micro business owners in the United States, it’s the second largest customer segment for financial institutions behind consumer banking. We believe small business owners are largely underserved by today’s financial institutions and yet it is becoming one of the few market segments where financial institutions are seeing revenue growth.
TouMetis will demo $mart, which we believe to be the first global, cash-flow manager for small business owners as an extension to Yodlee PFM solutions. The Small Business Center FinApps include account summary, transactions, expense tracking, invoicing, time tracking, bill pay, budgeting and cash-flow analysis. $mart will allow the small business owner to engage in financial decisions from their desktop, mobile or tablet devices.”
Product Launching: December 2012
HQ Location: Boise, ID
Company Founded: 2009
Website: toumetis.com
Twitter: @toumetis
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Mark Willnerd (CEO)
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Tuition.io Helps Borrowers Organize Student Loans

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Then, Tuition.io took the stage to demo its student loan platform:

“With Tuition.io, student loan borrowers can easily access all their loans in one visually appealing dashboard, use graphical visualization tools to compare them and get customized optimization plans that take advantage of little-known and hard-to-understand restructuring options.”

Product Launched: August 2012  
HQ Location: Los Angeles, CA
Company Founded: October 2011
Website: tuition.io
Twitter: @Tuitionio
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Brendon McQueen (Founder & CEO) and Steve Pomerantz (Co-Founder & COO)
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Emida’s Cash and Transact Serves as a Cash Alternative for Underbanked Consumers

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Second, Emida demonstrated a cash alternative for underbanked consumers:
“Cash and Transact allows consumers to apply cash to their virtual mobile account without requiring an existing bank account or credit card collateral. Account holders can load value to their Cash and Transact account and then transfer cash or pay for goods and services with anyone, anytime, from anywhere. The Cash and Transact vision is to create a borderless community connected by transactions via the Cash and Transact mobile wallet.
Cash and Transact is an ideal cash alternative for just about anyone, but especially for unbanked subscribers. There are no credit checks, and the system is much safer than carrying cash in many parts of the world. Cash and Transact is as convenient as cash – users can pay bills, buy groceries, transfer money to family and friends in remote locations and much more – all from their mobile handset.”
Product Launched: November 1, 2012
HQ Location: Foothill Ranch, CA
Company Founded: April 4, 2006
Metrics: 86 employees globally and annual revenue of $1.4B across 54,000 active locations
Twitter: @EmidaPrepaid
Finovate demo videofinovate.com/fall12vid/ (demo video will be posted next week)
Introducing Ron Kraft (VP, General Manager North America) and Mark Beckner (CTO)
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