Finovate Alumni News– December 2, 2011

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  • MasterCard and mFoundry executives discuss partnership.
  • The Silicon Prairie names Dwolla number 1 startup in DesMoines, looks for a number 2 startup following the “Dwolla-trajectory.”
  • Simple is slowly sending out a few dozen invites at a time.
  • Prosper announces its support of UK P2P Finance Association.
  • The Social Lending Network shows off Lending Club’s Trading Platform.
  • Bloomberg Businessweek lists Expensify as an app that lets you work like an executive.
  • peerTransfer partners with Nelnet Business Solutions, provider of campus commerce services.
  • Boku, SecondMarket, & Lending Club listed in Forbes Top 20 Private Companies.
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 Now Free For Transactions Under $10

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Mobile payment startup Dwolla announced today that it will no longer charge a 25-cent fee for transactions under $10.

Dwolla assures its clients that there will be no changes to the product or service and that merchants will receive the same benefits.

On a separate note, Dwolla is celebrating its one-year anniversary of its national rollout today.

To learn more about Dwolla, watch its FinovateSpring 2011 demo

PeerTransfer Partners with Tuition Management Systems

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PeerTransfer, a startup that facilitates international tuition payments, announced a partnership with Tuition Management Systems, an organization that helps students manage college costs. 

“Through the partnership, families will be given additional flexibility and be able to make tuition and other education related payments, typically in the currency of their home country.”

The peerTransfer platform will be available to Tuition Management Systems’s network of over 700 schools across the nation. Students of these schools will benefit from lower fees and favorable exchange rates, saving up to $1,500 on a $40,000 tuition payment

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

MasterCard Invests in mFoundry to Bring PayPass to Mobile Phones

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Mobile banking solutions provider mFoundry announced a partnership with MasterCard yesterday. 

The new alliance will enable mFoundry to provide its network of over 500 financial institutions with MasterCard’s NFC-based PayPass technology. 

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To learn more about mFoundry and MasterCard, watch mFoundry’s FinovateFall 2010 demo and MasterCard’s FinovateFall 2011 demo.

Continuity Control Doubles 3rd Quarter Revenue, Partners with BancVue

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Compliance management company, Continuity Control, recently announced that it doubled revenue in the third quarter of 2011:

“As it did in the first two quarters of 2011, the company doubled its revenue again in the third quarter with growth in markets across the country.”

Along with this pattern of growth, it also announced a partnership with BancVue, a company that provides marketing and consulting solutions to community financial institutions. 

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To learn more about Continuity Control and BancVue, watch Continuity’s FinovateSpring 2010 demo and BancVue’s Finovate 2009 demo.

Finovate Alumni News– December 1, 2011

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  • Bank Technology News lists ActivePath, Cardlytics, and PayPal as 3 of the top 10 tech companies to watch.
  • mFoundry powers First Hawaiian Bank’s m-banking.
  • The Houston Chronicle examines how Dwolla helps consumers give money to friends & family without exchanging cash.
  • Mixergy interviews Matt Fellowes, CEO of HelloWallet, to discover how it went from 0 to 300K subscribers in 5 months.
  • Plastyc receives over $1.2 mil in new funding from undisclosed investor.
  • Acculynk forms International Internet PIN Acceptance Consortium with major e-commerce merchants.
  • Taulia’s billFLO to continue service beyond December 1 shutdown date.
  • Continuity Control doubles 3rd quarter revenue, partners with BancVue.
  • PeerTransfer partners with Tuition Management Systems.
  • MasterCard invests in mFoundry to bring PayPass to mobile phones.
  • Dwolla now free for transactions under $10.
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.

eToro Adds Live Discussion Feed

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Investment network eToro announced yesterday that it has added a live discussion feed to provide users a method to communicate outside of each others’ profiles:

“OpenBook is enabling traders to follow the general buzz on the network through a live discussion feed that brings all current discussions to the user’s attention.”

The discussion feed joins general feed, the top 100 feed, and the watch list feed on the OpenBook platform.

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

E*Trade To Use Mitek’s Remote Check Deposit Technology

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Mobile imaging company Mitek announced Monday that E*Trade will join Charles Schwab in providing remote check deposit technology to brokerage customers. It will be available on the iPhone next month and on the Android in early 2012. 

Mitek notes the benefit for E*Trade clients:

“The move by E*Trade, a New York-based online brokerage, is especially notable because customers currently have to mail a check or use direct deposit or transfer or wire money from an alternative account.”

E*Trade is hoping the added convenience will keep clients more engaged with its trading platform.

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

Finovate Alumni News– November 30, 2011

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  • Fox Business News interviews SmartCredit.com’s John Ulzheimer.
  • TechCrunch reports PayPal’s cyber Monday mobile payment volume is up over 500% from last year.
  • Bank Technology News profiles ActivePath.
  • Samurai from FeeFighters is now incorporated into Shopify in beta.
  • eRollover.com changes its name to FIPath.com.
  • Discover placed on 2011 InformationWeek 500 list that honors America’s most innovative users of business technology.
  • Bank Technology News profiles Cardlytics.
  • E*Trade to use Mitek’s remote check deposit technology.
  • Silicon India Startup lists SimpliFI as a tech tool to track investments.

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.

Cartera Commerce Powers Navy FCU’s Card-Linked Offer Program

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Cartera Commerce announced today that it is powering a card-linked offers program for Navy Federal Credit Union, the world’s largest credit union by asset size and by membership.

The program, called Member Mall, allows over 1 million of Navy Federal’s NavyFCU2.jpg3.8 million members to earn cash back or rewards points when shopping with their Navy FCU credit card (see screenshot below). 

With Cartera’s technology, Navy Federal’s non-reward credit card holders now have the ability to earn rewards.

Thumbnail image for MemberMall.jpgTo learn more about Cartera Commerce, watch its FinovateFall 2011 demo.

Finovate Alumni News– November 29, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgContra Costa Times describes how PayNearMe works for the underbanked.
  • The Motley Fool examines how Dwolla compares to credit card payment options.
  • Banking Technology interviews Jonathan Assia, eToro CEO.
  • Business Weekly reports Voice Commerce plans to expand with more staff and a larger office building.
  • The CBS Early Show recommends using BillShrink to help you calculate how  much RAM, storage, & data you need.
  • Cartera Commerce powers Navy FCU’s card-linked offer program.
  • cbanc Network partners with HEIT, a Computer Services company, to survey FI strategies.
  • eToro Partners reaches out for regional partnership applications.
  • My Peer-to-Peer Lending Site’s blog profiles LendingKarma.
  • Failsafe Payments adds SafetyPay to CertoConnect.
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 Sesame Launches Free iPhone App

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Earlier today, Credit Sesame released its free iPhone app that allows users to check their credit score on-the-go.

It also provides management tools that let users:

    • Manage debt pay-down with trending graphs
    • Receive personalized savings advice and alerts
    • See how much they owe on lines of creditCreditSesameMobileIMG1.jpg
    • View their credit-utilization ratio

To maximize security, Credit Sesame requires the use of a PIN before login and provides the ability to remotely deactivate the service in case of a stolen phone.

To learn more about Credit Sesame, watch its FinovateFall 2011 demo.