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Banno’s new solution eases cross-channel headaches for FIs.
At FinovateSpring this year, Virtual Piggy took the stage to demo its online payments platform made for consumers under the age of 18. We wanted to check it out, so we signed up for an account.
Overview
Over 35 merchants have signed on with the Virtual Piggy platform, including:
Product Highlights
1. Account dashboards
The parent’s homepage displays 5 categories:
- Payment Accounts
- Child Profiles
- Guest list
- Merchant list
- Reports
There is also an Alerts section highlighting items that need attention.
The child’s homepage is much simpler, and displays a dashboard that details:
2. Child settings
Parents customize an account for each child and select details, such as:
- Limits on transaction dollar amount
- Allowed merchants
- Parent approval requirement
- Savings requirements
Next, the child is prompted to enter their username and password to login, then confirm the purchase. Since the parent already entered payment and shipping information, shipping is automatically calculated.
What’s New
Since demoing at FinovateSpring, Virtual Piggy began supporting monthly subscription payments. With this update, teens and tweens can purchase subscriptions within games and other online digital media services by using their Virtual Piggy accounts.
To learn more about Virtual Piggy, watch its FinovateSpring 2012 demo.
European payment solutions company Klarna announced today that it teamed up with We Do Commerce, a Pennsylvania-based e-commerce development firm.
The two will join forces to bring Klarna’s solutions to We Do Commerce’s North American customers who do business with countries where Klarna operates.
Because most of We Do Commerce’s clients are on Demandware and Magento ecommerce platforms, Klarna built integrations into both platforms to facilitate merchant adoption.
To learn more about Klarna, watch its FinovateSpring 2012 demo.
Today, mobile app and website provider,Banno (formerly T8 Webware), announced that all websites it develops will be optimized for any type of device, regardless of screen size.
Its new, responsive design format offers a single URL that reacts to screen sizes of online, mobile, and tablet devices. This device agnostic approach will help FIs prepare for multi-channel banking.
The new websites also save time on updates:
“Furthermore, the websites now have a live data feed that updates rates based on predetermined formulas, assuring that accurate rates are published across channels instantaneously without the man hours of monitoring and making adjustments previously required.”
Banno also introduced dynamic website content. With this feature, the content that users see will change depending on the user’s historical searches, clicks and preferences.
To learn more about Banno, watch its FinovateFall 2011 demo and come to FinovateFall next month to check out its new tech.
Inc. Mag features ReadyForZero & Tuition.io as tackling the student debt crisis. Check out Tuition.io at FinovateFall.
This quarter’s funding of over $120 million closely matches quarter 2 of last year, when Finovate alumni raised approximately $124 million.
Meanwhile, compared to last quarter’s $150 million, Finovate alums pulled in around $30 million less this quarter.
Here’s the quarter 2 summary for 2012:
April — $2.5 million raised by 1 company
May — $55.5 million raised by 5 companies
June — Over $62 million raised by 8 companies
Note: Funding that companies received before they demonstrated at Finovate was not counted. If you know of any funding that is not on this list and should be, please send the name of the company along with a link to the funding information to julie@netbanker.com and we will add it.
StockTwits integrates with Chart.ly.
SoMoLend, a platform that connects small business borrowers with investors, today announced a partnership with CircleUp, an equity-based lending platform.
The purpose of the partnership is to help small businesses find a source of capital that is tailored to meet their needs. Because SoMoLend supports micro-loans, while CircleUp facilitates equity investments, businesses will be able to choose from a wider variety of funding options.
The companies will also benefit from sharing information, best practices, and joint education efforts.
To learn more about SoMoLend, watch its FinovateSpring 2012 demo.
StockTwits, a social platform for the investing community, announced late last week that it has integrated social charting service, Chart.ly, onto its platform. StockTwits purchased Chart.ly back in 2009, but this is the first integration of its capabilities.
The integration enables users to easily upload charts and record screenshots by using the Include Media button.
It also makes it easy for members to search, view, and share the charts and videos, and even has the capability to filter for charts and screencasts on the StockTwits stream.
Upon clicking the chart or video, users can see a larger view where they can zoom in and comment.
Because all Chart.ly functionality has been ported to StockTwits, the Chart.ly site now redirects to StockTwits.
To learn more about StockTwits, watch its FinovateEurope 2011 demo.
Virtual Piggy integrates its youth payment system into Arbor Collective’s ecommerce operations.
New Zealand-based cloud accounting software company, Xero, recently held its annual meeting where it released some interesting metrics and announced it has reached 100k paying customers.
Here’s a summary of what it disclosed:
To learn more about Xero, watch its FinovateSpring 2011 demo.
Hardware and software security solutions company, SecureKey Technologies, announced today it has appointed Charles Walton as new CEO.
Walton, who comes to SecureKey with over thirty years of experience
in the security industry, has served as INSIDE Secure’s General Manager and EVP of the NFC and Secure Payments Business since 2005.
He will begin his new role at SecureKey next month.
To learn more about SecureKey, watch its FinovateEurope 2011 demo.