Author: Julie Muhn (@julieschicktanz)

Finovate Alumni News– January 23, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillShrink, Dwolla, Finsphere, mShift, PayNearMe, T8 Webware
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFox Business News advises using BillShrink to review your mobile phone bill.
  • T8 Webware to receive $120k in incentives & $200k in job training to help it expand to Des Moines.
  • BetaBeat plants rumor that Dwolla landed $10 million in Series B funding from Union Square Ventures.
  • MShift reaffirms strategic relationship & rights to MShift software & technologies.
  • Finsphere raises $11.3 million, adds Vodafone board member.
  • The New York Times Buck blog details Dwolla’s payments approach.
  • PayNearMe to launch mobile cash payment application in mid-February.
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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SecondMarket Exceeds $1 Billion in Deals

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

SecondMarketLogo3.jpg

2011 was a big year for IPOs and that has been reflected in the growth of secondary marketplace, SecondMarket. 

Yesterday, Forbes published statistics on the startup’s performance over its three years of operation:

    • In 2011, private company transactions totaled $558 million
    • From 2011 to 2010, private company transactions increased 55%
    • Since it began in 2008, the startup has exceeded $1 billion in deals
    • In 2011, over 61% of transactions were in the social media and consumer web space

2011 Sellers:

    • 79% were ex-employees
    • 11% were employees
    • 4% were investors
    • Less than 1% were founders

2011 Buyers (by dollar value):

    • 73% were institutions
    • 27% were individuals

The top 10 most watched companies on SecondMarket (as of 4Q 2011):

    1. Facebook
    2. Twitter
    3. Foursquare
    4. Dropbox
    5. Yelp
    6. Gilt Groupe
    7. Hulu
    8. Square
    9. Living Social
    10. Spotify

To learn more about SecondMarket, watch its FinovateStartup09 demo.

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Finovate Alumni News– January 20, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Cardlytics, Cartera Commerce, Dynamics, HelloWallet, PayPal, Prosper, SecondMarket, Simple, Zopa
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBusiness Insider looks at how BillGuard and Simple use Big Data.
  • Dough Roller recommends using HelloWallet to keep track of your cash.
  • P2P-Banking looks at Zopa’s online marketing spending.
  • NACS Online explores the Dynamics smarter credit card.
  • American Banker suggests banks should consider working with merchant reward companies like Cardlytics and Cartera Commerce.
  • PayPal’s payments technology to reach all Home Depot locations by March.
  • SecondMarket exceeds $1 billion in deals.
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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PayPal’s Payments Technology To Reach All Home Depot Locations By March

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

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PayPal will be expanding its payments trial from five Home Depot locations to 51:

American Banker reports:

“PayPal, of San Jose, Calif., said this month that it is testing this system at five Home Depot stores. This week, it will expand the trial to 51 Home Depot stores: one in Atlanta, six in Omaha and 44 in the San Francisco bay area.”

PayPal hopes that by March, the technology will be available in all Home Depot stores across the U.S. 

As PaymentsViews noted yesterday, this is not a mobile payments technology (as mistaken by some). Because the transaction requires a phone number combined with a PIN, the customer never uses a mobile device.

To read a personal account of how the technology works in action, check out what Russ Jones, PaymentsViews writer, has to say about the experience.

To learn more about PayPal, watch its FinovateSpring 2011 demo and come to FinovateEurope this February to watch its latest demo live.

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Doxo Looks Back at 2011 Achievements

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

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Seattle-based doxo published an infographic yesterday detailing its successes in 2011. 

Doxo users:

    • The highest number of documents uploaded by a single user was 1,206
    • The most provider accounts listed by a single user was 62
    • The most payments to providers by a single user was $9,100

Doxo providers:

    • Users listed 13,848 different providers in 2011
    • New York, NY had 1,120 different providers, the highest in the nation

Awards won in 2011:

      • OnDemand Top 100
      • Red Herring Top 100 Global
      • Stevie American Business New Product of the Year Award
      • Top 10 Rethinking Ideas of 2011

Most active doxo providers: 

      • Puget Sound Energy
      • AT&T
      • KCP&L
      • Sound Community Bank
      • Froula Alarm System
      • Oregon Employees CU
      • Sprint

To learn more about doxo, watch its FinovateSpring 2011 demo.

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Q2ebanking Selects Matt Flake as New CEO

By Julie Muhn (@julieschicktanz) Posted on
Categories: Q2ebanking

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Electronic banking solutions company Q2ebanking announced yesterday that it appointed Matt Flake as CEO:

“Flake has more than 20 years of financial industry experience. Prior to his role as Q2’s president, he was a senior vice president for Q2, responsible for sales, marketing and business development.”

Flake will be responsible for daily operations and overall strategic direction.

To learn more about Q2ebanking, watch its FinovateSpring 2011 demo.

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Finovate Alumni News– January 19, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: Betterment, Bill.com, Check Point, Credit Karma, Doxo, HelloWallet, MiiCard, Mint.com, planwise, Q2ebanking, ReadyForZero, TradeKing, ValidSoft, Worklight

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  • WorkLight launches special program for enterprise mobile and ISV developers.
  • TRUSTe certifies miiCard’s website to display the TRUSTe Web Privacy Seal.
  • Clifford Change law firm deploys Check Point software for a network security solution.
  • Bill.com helps banks offer business customers a more powerful payment, invoicing, and cash management platform.
  • SC Magazine considers ValidSoft’s view of voice biometrics. Come see ValidSoft at FinovateEurope Feb. 7.
  • Huffington Post recommends Mint.com, HelloWallet, Credit Karma, TradeKing, ReadyForZero, & Betterment for college students.
  • Q2ebanking selects Matt Flake as new CEO.
  • Doxo looks back at 2011 achievements.
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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BrightScope Partners with Social Media Expert Arkovi

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

BrightScope9.jpg

On the heels of FiPath’s announcement yesterday, BrightScope revealed it is also partnering with social media engagement company Arkovi:

“Financial services professionals using BrightScope Advisor Pages can now activate Arkovi with an exclusive 30 day free trial. Once activated, each advisor and firm will have a permanent record of their social media participation on BrightScope and other prominent sites.”

BrightScope advisors who use Arkovi will benefit from:

    • Real time ability to tap into social media website activity
    • Ability to access stored content 24/7
    • Easy activation

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

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Oregon-based Credit Union Launches BancVue’s Kasasa

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

Kasasa.jpg

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.

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

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

Thumbnail image for Plastyc2.jpg

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.

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Finovate Alumni News– January 18, 2012

By Julie Muhn (@julieschicktanz) Posted on
Categories: BancVue, BrightScope, Dwolla, InComm, Intuit, Kasasa, LearnVest, On Deck Capital, PayPal, Plastyc, Ready Receipts, SecondMarket, ThreatMetrix
  • 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.

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Ready Receipts Officially Launches Paperless Receipt Technology

By Julie Muhn (@julieschicktanz) Posted on
Categories: Ready Receipts

ReadyReceiptsLogo.jpg

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.

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