Oregon-based Credit Union Launches BancVue’s Kasasa

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St Helens Community Federal Credit Union announced yesterday that it is the first financial institution in Oregon to launch BancVue’s Kasasa.

CU Insight reports:

“St. Helens Community FCU is offering two Kasasa financial products, including Kasasa Cash® and Kasasa Tunes®. All Kasasa products are free, reward-based accounts, with no minimum balance to earn the rewards, no monthly service fees, free online banking and other convenience services, and worldwide ATM fee refunds.”

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Kasasa Cash is a high-interest, free checking account for qualifying members and Kasasa Tunes is a free checking account that rewards qualifying members with downloads from iTunes or Amazon.

To learn more about BancVue’s Kasasa, watch its Finovate2009 demo and check out Netbanker’s blog post from last week.

Plastyc’s UPside Cardholders Can Now Load Cash Onto Cards At 7-Eleven Stores

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Plastyc, creator of the UPside Visa prepaid card, announced yesterday that it is using GreenDot’s Swipe&Load technology to enable UPside cardholders to load cash onto their cards at 7-Eleven stores:

“Swipe&Load technology makes it faster and easier for people to add cash to their reloadable cards. Now cardholders can visit any 7-Eleven store in the U.S and hand their UPside Visa card and cash to the cashier. The cashier swipes the card and the money is added to the card on the spot.”

The Swipe&Load service costs users under $5 and will be available at over 6,500 7-Eleven store across the U.S.

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

Finovate Alumni News– January 18, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgReady Receipts officially launches paperless receipt technology.
  • nFinanSe seeks to halt new debit card network by InComm, alleges price-fixing conspiracy.
  • VentureBeat discusses the IPO market with SecondMarket CEO Barry Silbert.
  • On Deck partners with the National Association for Small Business.
  • SignatureLink to integrate ThreatMetrix’s Cybercrime Defender Platform with its technology
  • Intuit hires former Apple executive to lead Canada division.
  • Fox Business News interviews LearnVest founder and CEO, Alexa von Tobel.
  • The Next Web compares and contrasts PayPal and Dwolla with other payment methods.
  • Plastyc’s UPside cardholders can now load cash onto cards at 7-Eleven stores.
  • Oregon-based Credit Union launches BancVue’s Kasasa.
  • BrightScope partners with social media expert Arkovi.
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.

Ready Receipts Officially Launches Paperless Receipt Technology

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Ready Receipts, a company that offers merchants and consumers paperless access to their retail receipts, officially launched today:

“A new solution from Ready Receipts provides an online location where electronic versions of receipts can be stored and retrieved digitally… The company’s Receipt Assurance provides consumers online access to their receipts, and also will be able to stream purchase information to personal finance tools.”

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Ready Receipts currently uses Magento shopping cart software and will be available on other brands of shopping cart software in the near future. 

The Ready Receipts technology also supports retailers:

“Brick-and-mortar retailers can also work with Ready Receipts, although the process is a bit more involved. While the merchants can offer their customers Receipt Assurance for free, merchants will need to pay to gain access to the receipt data. The cost varies based on the retailer’s revenue and the analytical tools they choose.”

Analytical tools for retailers are in development. By using these tools, retailers will be able to analyze consumer spending and use promotions to target specific customer groups.

To learn more about Ready Receipts, watch its FinovateSpring 2011 demo.

To experience the technology first hand, visit its demo site.

FiPath For Advisors Partners with Social Media Monitor Arkovi

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Yesterday, Atlanta-based FiPath for Advisors (a service of FiPath*) announced a partnership with Arkovi, a company that monitors and archives social media communications:

“The partnership will enable FiPath to integrate industry-leading social media archiving capabilities into its online platform. The Arkovi service is now available at a discounted rate to FiPath for Advisor members, who will have access to Arkovi along with other social media tools.”

FiPath is hoping that the availability of Arkovi’s services will help advisors generate client leads by participating in social media.

To learn more about FiPath, watch its FinovateSpring 2010 demo.

*FiPath was formerly eRollover. It changed its name late last year.

Finovate Alumni News– January 17, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAGBeat highlights doxo’s free cloud storage and bill pay.
  • Blogger Crystal Beasley analyzes the password selection process in Simple’s interface.
  • The Arizona Republic recommends using CreditKarma to compare credit cards.
  • PandoDaily reports, “Wealthfront: The Antidote to the Wealth Management Zombies”
  • FiPath For Advisors (formerly eRollover) partners with social media monitor, Arkovi.
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.

Lending Club Shares 2011 Accomplishment Figures

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In a blog post last week, Lending Club detailed its 2011 accomplishments. 

Here are some of the highlights:

    • Over 21,000 loans were originated
    • Originated loans exceeded $257 million
    • More than 24,000 new investors joined 
    • Over 460 million dollars in personal loans have been originated since Lending Club’s start in 2007

Other accomplishments include receiving an installment of $25 million in capital and being named to Forbes’ America’s Most Promising Companies list.

To learn more about Lending Club, watch its FinovateStartup09 demo.

Reuters Examines How Bobber Interactive’s GoalCard Gamifies Personal Finance

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Last week, Reuters looked at the gamification of saving money, using Seattle-based Bobber Interactive’s GoalCard platform as an example.

The article describes how Bobber’s combination of gamification with Facebook’s social networking capabilities encourages its Generation Y users to save money. Players can redeem points earned for cash prizes.

Reuters goes on to cite a study conducted by the National Bureau of Economic Research that states lower income families could be motiviated to save more money if incented with prize-linked savings accounts. Such gamified savings accounts are reported as well-tested and with widespread consumer appeal.

Thumbnail image for GoalCardScreenshot.jpgTo learn more about Bobber Interactive’s GoalCard, watch its FinovateFall 2011 demo.

Finovate Alumni News– January 16, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSmartMoney (Feb 2012) article, “Attack of the 6.5-point Typeface” cites research from Transparency Labs.
  • Rescuecom asks if Dwolla can become the new PayPal.
  • CNN Money names SmartyPig “Best Savings Alternative”.
  • Missouri News channel KY3 recommends using Prosper and Lending Club as a creative way to fund your business.
  • NY Times blog talks about LearnVest as a financial planner for the middle class.
  • AARP lists ChargeSmart as a future way to pay bills using unwanted gift cards.
  • FeeFighters hosts webinar about ecommerce on January 16.
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.

FX Empire Crowns eToro With Best Social Trading Platform Award

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eToro announced yesterday that it was selected best social trading platform by FX Empire, a financial information website:

“The committee of FX Empire, comprised of journalists, analysts and traders, decided in favour of eToro’s trading platform due to its ability to provide eToro customers with full transparency and control over their investment portfolio.”

The startup was chosen out of a large group by brokers who nominated eToro for the award.

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

cbanc Network’s FI User Base Grew Seven-Fold In 2011

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Online question and answer platform cbanc Network announced major growth figures earlier this week:

  • In 2011, it grew seven-fold from 500 to over 3,600 financial institutions 
  • Current count of individual users exceeds 7,710

The president of cbanc, Myers Dupuy, attributes much of this increase to Google searches. When Googling answers to certain pain points, many financial institutions were enticed by the user-generated answers found in cbanc’s platform.

This year the startup plans to add pro and premium levels to its membership options.

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

Finovate Alumni News– January 13, 2012

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  • AOL’s Daily Finance lists LearnVest and ReadyForZero as resources to take control of your finances.
  • Entrepreneur test drives MyCyberTwin’s customer service bot.
  • FiPath unveils its Express Rollover Center.
  • cbanc Network’s FI user base grew seven-fold in 2011.
  • FX Empire crowns @eToro with Best Social Trading Platform Award.
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.