Finovate Alumni News– December 19, 2011

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  • Scotsman.com recommends using Zopa as a way to earn a better return on investments.
  • Experian announces Financial Stability Risk score.
  • 123Kinect profiles ETRONIKA. Come see the technology live at FinovateEurope on February 7.
  • Symantec features Q2ebanking in its podcast.
  • Monitise signs 5 year partnership agreement with FIS.
  • Tradeshift signs deal with French government.
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.

Swipely Expands Loyalty Rewards to Boston, Simplifies Credit Card Enrollment

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Swipely, the startup that provides loyalty rewards for local businesses made two announcements today. 

First, the Rhode Island-based startup is expanding its services to the Boston area:

“Swipely, the free loyalty and rewards program for Main Street, is expanding to the Boston area to help more than 150 area retailers turn credit card transactions into interactions. Swipely gives these new merchant members a hassle-free way to understand, retain and engage customers with loyalty rewards and personalized offers without coupons or keychain cards.”

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Providence, Swipely’s home base, was the pilot city for Swipely’s rewards-based platform. Boston will be the second, and New York and San Francisco will be next in line for its national expansion.

Second, Swipely simplified the credit card enrollment process:

“After some significant effort to integrate more deeply with the credit card network, we’re excited to unveil our simpler one-step card enrollment. Simply provide your 16 digit card number to start earning cash back rewards; there’s no longer any requirement for additional bank info when adding your card.”

This upgrade is not yet available in Rhode Island but will be soon.

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

Finovate Alumni News– December 16, 2011

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  • Kabbage secures second U.S. patent for online merchant finance platform.
  • IP Commerce to assist BillingTree with expediting merchant boarding services.
  • MyBankTracker compares PFMs including Mint, HelloWallet, and Pageonce.
  • Business Insider gives an tour of Credit Sesame’s new mobile app.
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.

Dwolla Gives Users Instant Access to Cash

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Dwolla, a Des Moines-based payments network, launched a new feature today called Instant. By avoiding the electronic funds transfer process that usually takes 2-3 days, the new feature gives Dwolla’s 70,000+ users immediate access to cash:

“Instant is a new opt-in feature that provides you access to cash immediately. When you turn the feature on, you can deposit and send cash without the wait or delay users typically bump into with Dwolla. Whether you’re in a combine, on the streets of New York, walking down the Embarcadero in San Francisco, or stopping in at Mars Café in Des Moines, if you have access to the Internet, you have cash.”

When users want to use Instant to make a purchase from the 4,000+ merchants in Dwolla’s network, they have two options of funding sources. They can either link to a bank account or borrow money from Dwolla and pay it back at the end of the statement period. If the user chooses the latter option, there is a $500 limit.

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The pricing structure is simple. Here’s how it works:

    • $3/ month participation fee. This can be turned on and off at any time.
    • $5 late fee if the user has not paid his Instant balance by the end of the statement date

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

Finovate Alumni News– December 15, 2011

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  • Celent’s report identifies ProfitStars as the market share leader in Remote Deposit Capture.
  • Finextra looks at the growth and success of Lending Club, Prosper, and Zopa.
  • Segmint appoints Thomas C. Tyler as VP.
  • PayPal plans its own version of daily deals.
  • Dwolla gives users instant access to cash.
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.

Credit Karma and Intuit Team Up to Provide Credit Services Within FI-Branded Environments

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Credit Karma announced today that it has teamed up with Intuit to provide free credit scores to Intuit-powered financial institutions within their online banking platfom:

“With NorthCountry FCU as Credit Karma’s first Intuit-powered partner, Credit Karma is certified to work with Intuit Financial Services clients to provide the Free Credit Score Service within the financial institution’s branded environment. The Free Credit Score for Members Service gives consumers a monthly credit score and a suite of personalized credit management tools to better manage their credit.”

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When signing in to Credit Karma via Intuit’s Digital Insights online banking system, consumers will have the benefit of a single sign-on.

To learn more about Credit Karma and Intuit, watch Credit Karma’s FinovateStartup09 demo and Intuit’s Finovate 2009 demo.

Kony Solutions Launches KonyOne

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Yesterday, mobile platform developer Kony Solutions launched KonyOne, a platform that allows a single application to deliver both native apps and mobile web across multiple devices:

“Offering true native support for all seven operating systems (including iOS, Android, BlackBerry, Windows Phone 7, Java ME, Symbian, webOS) along with simultaneous support for the mobile web, the KonyOne platform provides a secure, scalable and extensible mobile middleware runtime platform that can be seamlessly integrated with existing services.”

Kony also mentioned that KonyOne will support HTML5 updates such as touch specific features and widget enhancements.

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

Doxo Wins Red Herring Global 100

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Seattle-based doxo announced yesterday that it has been selected as a winner for the Red Herring Global 100, a list that identifies the top private tech companies in Europe, North America, and Asia:

“Selected from a field of leading global companies, doxo was recognized due to the success of its transformative technology that changes the way businesses and consumers connect and go paperfree”

To see the full list of winners, visit here.

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

Finovate Alumni News– December 14, 2011

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  • The Wall Street Journal lists Prosper, Lending Club, and Weemba as resources for home financing.
  • PayNearMe partners with iSend to simplify international gift giving this holiday season.
  • Doxo wins Red Herring Global 100.
  • Credit Karma and Intuit team up to provide credit services within FI-branded environments.
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.

ThreatMetrix Wins Red Herring Global 100

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Cloud-based fraud detection company ThreatMetrix announced today that it was named one of 100 Red Herring Global 100 winners.

Red Herring’s list comprises 100 leading private companies in North America, Europe, and Asia. Its editorial staff selected the companies for their technologic innovation, company health, management quality, and market penetration.

To see the full list, visit here.

To learn more about ThreatMetrix, watch its FinovateStartup 2009 demo.

Kabbage Secures $12 Million in Financing

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Kabbage, provider of working capital to online retailers, announced a new round of financing today. The startup received $12 million in debt financing from California-based Western Technology Investment. 

Kabbage states that the money will help it provide more working capital to its network of 10,000-plus online merchants.

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

PayNearMe Enables BHPH Auto Dealers to Expand Collection of Cash Payments

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Last week, PayNearMe announced PayNearMe Auto, a new version of its service that allows Buy Here Pay Here vehicle dealers to accept cash payments in a broader number of locations:

“PayNearMe Auto is a secure, hosted Web application that dealers can have up and running in less than 15 minutes. Dealers simply enter the buyer’s information and assign the individual a PayNearMe card. To make a payment, the customer hands the card and cash to a store associate at any of the 6,400 participating 7-Eleven stores throughout the United States. Dealers are notified when the payments are made and the customer can use their PayNearMe card repeatedly.”

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PayNearMe Auto aims to increase operational efficiency by allowing merchants to securely collect payments off-site.

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