Billeo Announces Active eWallet API Tool

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Billeo, a startup that eases shopping and paying bills online, announced its Active eWallet API tool this morning:

“Once a credit, debit, prepaid or gift card issuer uses the API, the issuer’s card appears as an option in Billeo’s iPad and browser apps (ShopSmart, Offer Assistant and Bill Pay Assistant) allowing cardholders using any of Billeo’s free apps to easily add the card into their eWallet and use it while shopping or paying bills online.”

In addition, card issuers are able to use Billeo’s API to enhance their own apps and services to create. The API will allow issuers to connect to the 1.5 million Billeo users who pay online using Billeo’s iPad and browser apps.

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

FiPath Unveils Its Express Rollover Center

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Yesterday, financial guidance company FiPath (formerly eRollover), unveiled its FiPath Express Rollover Center, a tool to help consumers navigate the 401(k) rollover process:

“FiPath’s Express Rollover Center gives consumers the ability to quickly and easily sort through multiple rollover options to determine which option is the best match for them. The Express Rollover Center allows consumers to obtain and compare the basic information from each provider, including costs, fees, menu of services and more.”

FiPath’s 100,000+ users have the choice of either conducting the rollover themselves or receiving help from a financial advisor selected from the Rollover Center.

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

The Bancorp Bank to Issue Suze Orman’s New Prepaid Debit Card

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Finovate sponsor, The Bancorp Bank, recently announced it will be issuing Suze Orman’s new prepaid debit card, The Approved Card:

“The Approved Card created by Suze Orman carries her name and a promise of excellent benefits and value with no hidden fees. The Approved Card offers a wide array of benefits for a prepaid card, such as identity theft protection, TransUnion credit scores, reports, monitoring, transparent and competitive fees, as well as money management tools.”

Orman sees the launch of this card as the single most important thing she’s done in her whole career and considers it to be the answer for consumers who are looking for a better way to bank.

To learn more about the card, check out Ron Lieber’s article in the New York Times.

Finovate Alumni News– January 12, 2012

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  • Netbanker: Is BancVue’s Kasasa to Checking What “Intel Inside” was to PCs?
  • The Financial Brand reports Segmint’s Lifestyle Indicators target financial institutions’ online ads.
  • Ping Identity exceeds $100 million in total sales. Come see its live demo at FinovateEurope Feb. 7.
  • Actiance partners with EarthIntegrate to enable advisors to personalize content via social media channels.
  • ARS Technica describes how Dynamics technology can hinder on-and-offline fraud.
  • VentureBeat reports PayPal reaches $4 billion in mobile payments in 2011, a jump from $750 million in 2010.
  • ZoneAlarm publishes infographic on security concerns with online banking.
  • The Bancorp Bank to issue Suze Orman’s new prepaid debit card.
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.

PayPal Partners with Payment Solution Company ABJ Software

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Fresh after PayPal revealed its point of sale pilot with Home Depot stores, TechCrunch reports that PayPal has partnered with ABJ Software, an international company that specializes in transaction authorization, PIN and point of sale communication, and many other solutions.

TechCrunch reports:

“AJB will build a native PayPal interface within its integrated payment solutions platform. The interface can then be made available to AJB’s retail customer base…. Similar to the Home Depot integration, PayPal members will have the option of paying for merchandise by swiping a PayPal Access Card or by entering the mobile telephone number and password associated with their accounts.”

This partnership will help PayPal’s technology reach 250,000 point of sale terminals in ABJ’s 140-plus retailer base.

To learn more about PayPal, watch its FinovateSpring 2011 demo and come to FinovateEurope 2012 in London next month to see its live demo.

Intel Will Use SecureKey’s Authentication Technology on New Ultrabooks

SecureKeyLogo.jpgToronto-based SecureKey announced yesterday that Intel will use the SecureKey tap-to-authenticate and tap-to-pay technology on the Intel Ultrabook. The technology will be available on the line of Ultrabooks with the third generation Intel Core.

This move is expected to help SecureKey greatly expand the reach of its solutions.

To learn more about SecureKey’s technology, watch its FinovateEurope 2011 demo.

Finovate Alumni News– January 11, 2012

  • Forbes lists Expensify as 1 of 10 financial innovations that will make your life easier in 2012.
  • Guardian Analytics releases Anomaly Detection Toolkit to help FIs address the expectations for layered security.
  • Tax compliance monitoring service, Tax Guard, partners with ProfitStars.
  • ValidSoft joins “Get Safe Online” to help consumers protect themselves. Watch its live demo at FinovateEurope.
  • Regions Bank joins eWise’s Secure Vault Payments network.
  • Intel will use SecureKey’s authentication technology on new Ultrabooks.
  • PayPal partners with payment solution company ABJ Software.
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.

On Deck Releases Version 1 of API

OnDeckLogo.jpgOn Deck, the startup that delivers capital to main street businesses, released the first version of its API today.

“This gives banks, online service providers to small businesses, and the over 800 On Deck Funding Advisor partners integrated access to the On Deck platform, which includes their powerful credit decision and application submission system. Through the API, these third parties can now incorporate On Deck’s loan origination and credit scoring functionality into their own software applications, bringing increased efficiency to the small business lending process without adding additional steps to the workflow or user experience.”

The API supports two functions:

    1. Credit pre-qualifications — Allows financial institutions to determine if their clients qualify for a short-term business loan
    2. Application submission — Allows third parties to submit loan applications from their CRM system
Lendio, a company that matches lenders with small business owners seeking to borrow capital, is using the API to pre-qualify borrowers and match them with lenders using On Deck’s technology.

To learn more about On Deck, watch its Finovate 2009 demo.

ThreatMetrix Acquires TrustDefender, Expands Cybercrime Defender Platform

Thumbnail image for Thumbnail image for ThreatMetrix.jpgOnline security company ThreatMetrix announced today that it acquired Australian-based TrustDefender. This acquisition brings three additional products to the ThreatMetrix Cybercrime Defender Platform:

    1. TrustDefender™ ID — a cloud-based solution that validates returning customers in real time.
    2. TrustDefender™ Cloud — a cloud-based solution that protects customer data from fraud, malware, man-in-the-browser and trojan attacks, and data breaches.
    3. TrustDefender™ Client — a client-based solution installed on end-user computers that helps mitigate the risk of malware.
TechCrunch reports that the sale was made using a combination of stock and cash from ThreatMetrix’s $12 million round of funding last October.
To learn more about ThreatMetrix, watch its FinovateStartup09 demo.

Secure Vault Payments Adds Nebraska Online Child Support Website to Vendor List

Thumbnail image for ewiselogo9.1.11.jpgYesterday, U.S. Bank announced that it implemented eWise’s Secure Vault Payments (SVP) for Nebraska Online Child Support Payments, adding it to the SVP vendor list.

Here’s how it works from an end-user perspective:
“With Secure Vault Payments, a non-custodial parent initiates the payment at the Child Support Center’s website. The parent is automatically redirected to his or her bank’s online banking platform to select the account to use for payment. The participating financial institution authenticates the payer and immediately withdraws funds from the payer’s account and then transfers funds to the Child Support Center the next business day.”

Nebraska Online Child Support Center reported that, within just a few hours of implementing SVP, the first payment using the technology was completed. 

To learn more about eWise’s Secure Vault Payments, watch its FinovateSpring 2011 demo.

Finovate Alumni News– January 10, 2012

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  • Wired Magazine UK describes how miiCard is working to help prove online identities.
  • Wall Street Journal’s MarketWatch looks at how LearnVest seeks to shake up financial planning.
  • Plastyc publishes a fee and feature comparison between its UPside Visa prepaid card and Suze Orman’s The Approved Card.
  • eWise’s Secure Vault Payments adds Nebraska Online Child Support website to vendor list.
  • ThreatMetrix acquires TrustDefender, expands Cybercrime Defender Platform.
  • Outright releases a widget to help those filing a 1099-K escape possible IRS audits.
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.

ReadyForZero’s New Year’s Challenge

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Last week, debt assistance startup ReadyForZero unveiled its New Year’s Challenge that aims to help users pay off more debt in 2012. It consists of two parameters: 

    1. You must commit to pay 10% more toward your debt for three months
    2. You must pledge not to use your credit card during that time

Here are the three steps of the challenge:

Step 1

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Step 2

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Step 3

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After completing all three steps, users receive a badge (see screenshot below) to solidify their commitment.

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