Author: Julie Muhn (@julieschicktanz)

Finovate Alumni News– April 9, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Andera, Balance, BillGuard, FutureAdvisor, LearnVest, SaveUp, TASCET, TIO Networks, Yodlee
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCashSherpa.com reviews FutureAdvisor.
  • SuccessStories.com features Alexa Von Tobel, LearnVest CEO.
  • MyBankTracker reports TIO Networks gives underbanked a mobile wallet. See TIO Networks demo live at FinovateSpring next month.
  • Wisconsin State Journal features TASCET, who will demo its Financial Iconn technology at FinovateSpring in San Fran, May 8-9.
  • Northwest Credit Union Association reports Oregon Employees FCU is piloting SaveUp’s prize-linked savings alternative. See them at FinovateSpring.
  • Business Insider names Yodlee and Andera as 2 of 5 faceless companies that control your money.
  • MSNBC consults BillGuard to determine the validity of certain questionable charges. See them demo at FinovateSpring.
  • Financial Planning takes a closer look at Balance Financial.
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.

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Finovate Alumni News– April 6, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: ClairMail, InComm, SimpleTuition
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInComm removes Visa Gift Card & MasterCard Gift Card products from New Jersey stores due to regulation.
  • SimpleTuition launches Student-Friendly SmarterBank, Powered by The Bancorp Bank.
  • Clairmail introduces Clairmail Plus, a mobile banking & payments solution for midmarket FIs. 
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.

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SimpleTuition Launches Student-Friendly SmarterBank, Powered by The Bancorp Bank

By Julie Muhn (@julieschicktanz) Posted on
Categories: Simple Tuition, The Bancorp Bank

simpletuitionlogo.jpg

Yesterday, SimpleTuition, a site designed to help students find an ideal student loan, debuted SmarterBank, a student-friendly online bank account that’s powered by The Bancorp Bank.

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The Bank

SmarterBank, which offers a free checking account that features online banking, bill pay, and a Visa debit card, is designed to help account holders pay back their student loans. It does this by enabling users to set up payments (one-time or recurring) that feed directly to their student loans. It also features a friends and family contribution function that directly pays down the loan with micropayments.

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The Rewards

Another student-friendly aspect of SmarterBank is SmarterBucks, its free rewards program. Through a partnership with merchant rewards program, RewardsNOW, SmarterBucks enables users to accumulate rewards on everyday purchases that are automatically used to make extra payments on their students loans. This summer, it plans to offer special rewards targeted toward students.

A linked savings account is currently in development and is slated for later this year.

To learn more about SimpleTuition, watch its FinovateStartup 2008 demo.

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Finovate Alumni News– April 5, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancVue, Geezeo, Kasasa, PayPal, Prosper, SaveUp, Yodlee, Zecco
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSocial Lending Network reports Prosper quietly adds 3 new search filters.
  • CUinsight reports Credit Union of the Rockies joins SaveUp.
  • VentureBeat looks at PayPal’s new pricing model and suite of mobile products.
  • Money One FCU of Maryland introduces BancVue’s Kasasa.
  • Yodlee launches MoneyMovement, partners with Zoho.
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.

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Yodlee Launches MoneyMovement, Partners with Zoho

By Julie Muhn (@julieschicktanz) Posted on
Categories: Yodlee

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PFM and account aggregation company Yodlee made two announcements today.

First, it announced the availability of MoneyMovement, a platform that handles money transfers and payments.

“The open, API-driven Platform enables financial institutions and other transactions providers to deliver specific functionality – such as account-to-account funds transfers, pay anyone bill payments, person-to-person (P2P) payments, same-day (expedited) payments, and much more – all from a single, secure payments environment.”

The platform’s capabilities, as stated on the press release, are listed below:

  • Account-to-account funds transfer
  • P2P capabilities
  • Full, end-to-end pay anyone bill pay capabilities
    • Intelligent payments routing (for least cost or most profit)
    • Revenue generating expedited and card based payments
    • Compatible with all major open and proprietary US remittance networks
  • Mobile payment and transfer capabilities
  • Real-time risk-management capabilities
  • Risk-based and good funds models
  • Complete regulatory and reporting compliance
  • Optional payment operations services

Because MoneyMovement features can be used as embedded features in Yodlee’s FinApps or as stand-alone applications, the platform can be tailored to the needs of both large and small financial institutions.

Its second announcement features a partnership with Zoho, in which Yodlee will provide account aggregation for Zoho Books, Zoho’s online accounting software.

This reduces data entry by providing an automatic bank feed into the software.

To learn more about Yodlee, watch its FinovateFall 2011 demo.

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Finovate Alumni News– April 4, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Doxo, FamZoo, Lending Club, Prosper, Q2ebanking
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFamZoo lists the cost of the 6 partnership options for financial institutions.
  • Dough Roller lists Betterment as 1 of 5 ways to automate your finances.
  • Social Lending Network reports Lending Club and Prosper collectively issue over $50 mil in loans.
  • Q2ebanking names David Peterson EVP, customer experience and innovation.
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.

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Ping Identity Educates Consultants to Better Serve End Users

By Julie Muhn (@julieschicktanz) Posted on
Categories: Ping Identity

Thumbnail image for PingIdentityLogo.jpg

Today, cloud security company Ping Identity launched its Certified Service Partner program that educates consultants about Ping Identity’s services so that they may better serve their clients.

The Denver-based company certified 35 consultants from 11 service partners, including:

    • Amerindia
    • Bluewolf
    • Commoveo
    • CSC
    • CTI
    • GuidePoint Security
    • Insyndia
    • KPMG
    • Seros
    • Solstice
    • OnWire Consulting

Consultants from these service partners were required to undergo education about Ping Identity’s product offerings and are now able to provide guidance to their clients seeking advice or technical support.

To learn more about Ping Identity, watch its FinovateEurope 2012 demo.

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Utiba Takes On ValidSoft’s Security Solution

By Julie Muhn (@julieschicktanz) Posted on
Categories: ValidSoft

Thumbnail image for ValidSoftLogo.jpg

Today, fraud prevention company ValidSoft announced a partnership with Utiba, a mobile payments company that  supports 500 million subscribers and processes over 12 billion transactions per year.

Singapore-based Utiba selected ValidSoft’s Secure Mobile Architecture for Real-time Transactions (SMART) security program to secure its mobile financial services:

“Utiba’s more than 40 Mobile Network Operators (MNOs) and banking customers worldwide will be able to offer advanced, user-friendly authentication options using ValidSoft’s proprietary technology.”

Those 40 MNOs and banking customers equate to 500 million end-users that have access to Utiba’s platform and will benefit from the Secure Mobile Architecture.

To learn more about ValidSoft, watch its FinovateEurope 2012 demo.

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SaveUp Launches Pilot Program at 20 Credit Unions

By Julie Muhn (@julieschicktanz) Posted on
Categories: SaveUp

saveupLogo.jpg

San Francisco-based SaveUp announced today that it will launch a pilot of its rewards platform, a program that incents users to save more by enticing them with prizes and a jackpot, at 20 credit unions in 15 states to gauge how effectively the prizes and rewards motivate users to save.

The 20 credit unions, with 1.2 million combined accounts, will provide their members a tailored version of SaveUp for free to increase deposits and enhance customer relationships.

SaveUpIMG.jpg

The Filene Research Institute has been contracted to monitor usage and feedback, and compile results.

To learn more about SaveUp, come to FinovateSpring 2012 next month and see its live demo.

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Finovate Alumni News– April 3, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dwolla, HelloWallet, Ping Identity, ProfitStars, SaveUp, Striata, Thomson Reuters, ValidSoft
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgProfitStars partners with ACH Alert to introduce new solutions to mitigate losses from ACH and wire fraud.
  • Striata partners with Tricubes, an ID authentication specialist, to provide Malaysian clients with secure document delivery.
  • Forbes discusses Dwolla’s location-based payments service.
  • Thomson Reuters named one of Ethisphere’s 2012 “World’s Most Ethical Companies” for fourth successive year.
  • HelloWallet announces V2 of its iPhone app with account setup, budget creation, & manual transactions.
  • SaveUp launches pilot program at 20 credit unions.
  • Utiba takes on ValidSoft’s security solution.
  • Ping Identity educates consultants to better serve end users.
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.

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Braintree’s Payment Gateway Available for Magneto Users

By Julie Muhn (@julieschicktanz) Posted on
Categories: Braintree

BraintreeLogo.jpg

Payments solutions company, Braintree, recently launched a plugin that allows its payment gateway to be used by the 110,000 users of Magneto eCommerce Solutions.

Since customer credit card information is stored in the Braintree Vault, Magneto users benefit from a reduced PCI compliance burden and helps merchants drive sales. Bill Ready, Braintree CEO states:

“By keeping all credit card data secure in our Vault, we make PCI compliance much simpler and easier for merchants to achieve. The Braintree Vault also allows merchants to implement a card-on-file feature which helps merchants increase their conversion rate at checkout.”

Braintree processes over $4 billion in credit card transactions annually.

To learn more about Braintree watch its FinovateSpring 2011 demo.

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Prosper Adds 13 New Loan Categories for Borrowers

By Julie Muhn (@julieschicktanz) Posted on
Categories: Prosper

Thumbnail image for ProsperLogoSmall.jpg

Recently, Prosper added 13 new loan categories:

    • Baby & Adoption Loans
    • Boat
    • Cosmetic Procedures
    • Engagement Ring Financing*
    • Green Loans*
    • Household Expenses*
    • Large Purchases*ProsperCategories.jpg
    • Medical/Dental*
    • Motorcycle
    • RV
    • Taxes
    • Vacation*
    • Wedding Loans*

Nickel Steamroller blog reports some of these categories overlap with existing Lending Club categories. These commonalities are marked with an asterisk.

To learn more about Prosper, watch its FinovateStartup 2009 demo.

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