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.

miiCard Partners with Consumer Data Company Callcredit

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This morning, online identity verification service miiCard announced it has entered into a strategic partnership with UK-based Callcredit:

“Blending the identity validation and authentication services of miiCard with the consumer data and identity verification services of Callcredit will create a new kind of online identity service that not only provides convenience for the consumer but cost savings, fraud protection and increased conversions for in the industry.”

The two companies aim to be the first to provide the UK with an online identify verification service.

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

Finovate Alumni News– January 9, 2012

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  • Prosper launches web app for Apple and Android Mobile devices.
  • ActivePath appoints former President & CEO at Oversee.net, Jeff Kupietzky, as CEO.
  • Investment News recommends advisors introduce HelloWallet to their clients.
  • The Huffington Post names BrightScope a “civic startup.”
  • miiCard partners with consumer data company Callcredit.
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.

Prosper Launches Web App For Apple and Android Mobile Devices

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Yesterday, P2P marketplace Prosper unveiled a web app that enables borrowers and lenders to access their accounts on-the-go in an easy-to-read format. 

The mobile platform will allow users to:

    • ProsperMobile.jpgView their account balance, annualized return, and portfolio allocation
    • Browse individual listings and invest in the ones they choose
    • Transfer funds to their Prosper account

The app is browser-based so it cannot be purchased from the App Store or the Android Marketplace. To access the mobile app, type prosper.com into the browser on your mobile device (the address will automatically be changed to m.prosper.com).

To learn more about Prosper, watch its FinovateStartup09 demo.

Intuit Works With Visa to Launch Prepaid Card

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Visa shared on its blog yesterday that California-based Intuit recently launched a prepaid Visa card called GoPayment:

“Those who use Intuit’s GoPayment mobile acceptance app and reader can now link their GoPayment account to a Visa prepaid card, conveniently separating the funds collected through GoPayment from other finances.”

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Users can make purchases with the card online and in-store, and they can use it to withdraw cash at an ATM.

To learn more about the two companies, watch Visa’s FinovateSpring 2010 demo and Intuit’s Finovate 2009 demo.

The Receivables Exchange Provides Over $1 Billion in Funding to Businesses

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The Receivables Exchange, an online platform for selling accounts receivables, announced a major milestone today. It has provided $1 billion in funding to small and mid-sized businesses since its inception:

“Since the marketplace launched, nearly 2,000 small and mid-sized businesses have signed up to sell accounts receivable on The Receivables Exchange. The largest single receivable sold to date is in the millions of dollars and the smallest is 30 cents.”

Companies using The Receivables Exchange can be found in all 50 states and span across 50 industries.

To learn more about The Receivables Exchange, watch its FinovateFall 2010 demo.

Finovate Alumni News– January 6, 2012

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  • Kony Solutions partners with Independence Blue Cross to power its mobile app.
  • Fiserv announces patent infringement lawsuit.
  • The Receivables Exchange provides over $1 billion in funding to businesses.
  • Intuit works with Visa to launch prepaid 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.

Kony Solutions Partners with Independence Blue Cross to Power its Mobile App

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Yesterday Kony Solutions announced it partnered with Independence Blue Cross (IBC), a Pennsylvania-based health insurance company, to power its mobile app strategy:

“IBC chose Kony for its ability to reach more than 9,000 mobile smartphones/tablets/kiosks and operating systems using its cross-platform mobile development platform, allowing IBC to develop robust mobile solutions for members, providers, and business partners regardless of what type of device they use.”

IBC selected Kony because it enabled the reach of a wider customer audience.

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

Check Point Software Technologies Works with Amazon Web Services Secure the Cloud

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Security company Check Point Software Technologies announced today that it is working with Amazon Web Services to bring security to the cloud:

“Its security gateways are now available to customers through Amazon Web Services, enabling organizations to extend their security to the cloud with a full range of protections, or Check Point software blades, such as Firewall, Intrusion Prevention, Application Control, URL Filtering and many more.” 

In a separate release, Check Point announced it won the encryption product of the year award for its Check Point Full Disk Encryption product at U.K.’s Computing Security Magazine’s 2011 Computing Security Awards.

To learn more about Check Point, watch its Finovate 2008 demo.