Clairmail and VocaLink Partner to Combine Real-Time Payments with Mobile Solutions

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With the rise in smartphone usage, financial institutions are increasingly aware of their need for a mobile payments solution. Mobile solutions company, Clairmail, announced a partnership with VocaLink that will help clients fulfill this need.

“The partnership will enable banks to use Clairmail’s Smart Client technology to deliver new services to their customers, such as Person-to-Person Mobile Payments, enabled by VocaLink’s real-time capabilities, such as Faster and Immediate Payments and multi-channel service options.”

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VocaLink’s Immediate Payments solution and Multi-Channel Gateway product, married with Clairmail’s mobile solutions will enable financial institutions to take advantage of the mobile channel.

To learn more about Clairmail, watch its FinovateFall 2010 demo.

Finovate Alumni News– March 15, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker reports LifeLock buys ID Analytics to boost its appeal to banks.
  • Practical Ecommerce profiles Kabbage, highlights future endeavors.
  • CNN Money discusses how SecondMarket escaped clashes with the new SEC ruling.
  • Convenient Cards, Rapid Financial, & Plastyc partner with Arroweye Solutions to get prepaid cards to market faster.
  • Silver Tail Systems introduces profile analyzer to protect websites from cyber attacks & fraud.
  • Check Point wins 2012 SC Magazine Readers Choice Award for best intrusion prevention solution.
  • Syphr and CarLoans.com launch ad platform pilot for CUs.
  • American Banker reports Bancorp Bank announces NetSpend, InComm prepaid card deals.
  • PayPal introduces PayPal Here to compete with Square.
  • Finextra discusses ebilling adoption rates, reviews Striata’s strategy.
  • H&R Block Canada and Yodlee partner to deliver tax applications to financial institutions.
  • Clairmail and VocaLink partner to combine real-time payments with mobile solutions.
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.

Geezeo Launches Effort to Build Awareness of PFMs within Online Banking Platforms

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A recent survey by Celent found that only 3.8% of U.S. online banking users were actively using personal financial management services. 

Geezeo is hoping to raise that figure with Geezeo Interactive, a marketing initiative to help banks market PFM capabilities. Jim Craig, the former VP of marketing at 1st Advantage FCU, has been hired to lead the push. 

To learn more about Geezeo, watch its Finovate 2007 demo.

Reference: Bank Technology News coverage. 

BancVue Launches Kasasa360 to Help Compete with Megabanks

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Yesterday, Austin-based BancVue announced the launch of Kasasa 360, a PFM and rewards management platform.

“Kasasa 360 provides account holders around-the-clock access to personal finance management (PFM) tools through an online and mobile-based platform. Designed to deliver a user experience that leapfrogs even the best megabank systems, the latest Kasasa innovation allows consumers to securely aggregate and manage all of their financial products, including those they hold at other financial institutions.”

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The product aims to help community financial institutions compete with megabanks.

Almost 150 community financial institutions have already signed up for Kasasa 360. Gabriel Krajicek, CEO of BancVue, is projecting that number to double by the end of 2012 and reach 1,000 members in 3-5 years. Krajicek also claims that if the growth pattern continues, the Kasasa network will be larger than BofA, Chase, or Wells Fargo and will have a marketing budget equal to such megabanks.

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To learn more about Kasasa, watch its Finovate 2009 demo.

Finovate Alumni News– March 14, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgThe Paypers reports Google selects MoBank as vendor for its GetMo initiative in the UK.
  • VentureBeat receives an insider demo on PayPal’s new digital wallet interface.
  • TradeKing earns 4-star rating for 6 years in a row in Barron’s 2012 Online Broker Survey.
  • RTN Federal CU selects Tyfone for m-banking.
  • Personal Capital launches new version of iPad app.
  • Nine Lives Media Inc. names ProfitStars to the MSPmentor 100 Global List.
  • BancVue launches Kasasa360 to help compete with megabanks.
  • Geezeo launches effort to build awareness of PFMs within online banking platforms.
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.

CashStar Upgrades Web Gifting Interface

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Yesterday, digital gifting company CashStar announced Web Gifting 2, a new user interface that will make the user experience more engaging, interactive, and convenient. 

With this new interface, CashStar’s 250+ retail customers will see upgrades such as:

    • Capability to upload personalized videos and photos
    • Animated gift cards 
    • Option to print gift cards
    • Tool to remind users of holidays and occasions
    • More card design options

In another release, CashStar also announced that The Home Depot, Staples, CVS/pharmacy, and Landry’s have renewed their digital gifting offerings.

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

eToro Closes $15 Million Funding Round Led by Spark Capital

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Social investing network eToro announced today it has secured $15 million (U.S.) in funding. Spark Capital led the round, which is intended to expand the trading platform and fuel growth in international markets.

Within the past year, eToro has experienced growth across the board:

    • Active user base doubled 
    • Workforce doubled to 200 employees
    • Trading volumes doubled in size
    • Number of traded positions increased 5x

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

Finovate Alumni News– March 13, 2012

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  • BrightScope adds Josh Brown, financial advisor & author to advisory board.
  • AppStorm shares how Enloop can help you move your business into the VC world.
  • GigaOM rumors that PayPal will launch a mobile payment dongle to compete with Square and Intuit.
  • The Urban Twist lists HelloWallet as one of seven scorching hot tech startups in D.C.
  • INTTRA, independent transactional network for ocean freight, and Tradeshift partner to help manage ocean freight invoices.
  • Entrepreneur lists Kashoo & Xero as 2 of 4 online apps that can be handy for tax time.
  • Backbase announces most successful year to date, doubling software revenue & adding multiple tier-1 customers.
  • eToro closes $15 mil funding round led by spark capital.
  • CashStar upgrades web gifting interface.
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.

Plastyc Partners with IDology to Make Authentication More Consumer Friendly

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Underbanked money-management company

Plastyc announced today a partnership with IDology, an identity verification company:

“IDology’s ExpectID solutions are being used to verify consumers enrolling for Plastyc’s services at upsidecard.com and ibankup.com. In addition, if a discrepancy exists in the initial CIP verification, IDology automatically escalates transactions to a higher level of verification.”

IDology will help Plastyc provide a consumer-friendly approach to authentication.

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

cbanc Network Launches Backstage Pass to Open its Platform to Vendors

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This week cbanc Network, an online collaboration platform with over 8,000 individual users and almost 4,000 financial institutions, is launching Backstage Pass.

Credit Union Times reports:

“Backstage Pass comprises two components: Connect and Analyze. Connect gives service providers the tools to interact with cbanc’s FI membership when they are looking for help, the company said. Analyze organizes traded data so service providers can see which topics and issues are important to cbanc Network members, the company said.”

Backstage Pass gives vendors access to the information-sharing platform that exposes trends, product ratings, and content purchases.

To learn more about cbanc Network, watch its FinovateFall 2011 demo.

Kabbage and Outright Announce Partnership

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Yesterday Kabbage, a startup that provides capital to small businesses, and Outright, an online bookkeeping and tax software provider, announced a partnership:

“Kabbage uses Outright’s transactional data on an anonymous basis to help qualify and approve smallThumbnail image for Outrightlogo9.1.11.png businesses for cash to grow. Upon pre-qualification, the businesses go through an automated and painless application process to receive working capital, typically accessing their cash in less than 10 minutes.”

To learn more, watch Kabbage’s FinovateEurope 2012 demo and Outright’s FinovateFall 2010 demo.

Finovate Alumni News– March 12, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGov Info Security interviews Authentify CEO Peter Tapling about authentication.
  • Ping Identity partners with Winvale, a gov’t tech solutions provider.
  • Fox Business News looks at how to get more money from Kabbage.
  • Bill.com unveils revamped user support.
  • TechCrunch reports PayPal to unveil small business payments platform.
  • Kabbage & Outright announce partnership.
  • cbanc Network launches Backstage Pass to open its platform to vendors.
  • How Kasasa helps community banks give megabanks a run for their money.
  • Plastyc partners with IDology to make authentication more consumer friendly.
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.