Author: Julie Muhn (@julieschicktanz)

Dynamics Announces Multiple Agreements with Card Issuers

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

Thumbnail image for DynamicsLogo9.11.jpgYesterday, Dynamics announced multiple volume agreements with undisclosed card issuers to implement its next generation payment-cards technology such as: 

    • MultiAccount
    • Hidden
    • Redemption
    • Dynamic Credit Card 
Dynamics CEO Jeff Mullen states:
“This step is an important milestone for Dynamics. Card issuers have acknowledged the importance of our technology to empower customers with choice at the point of sale. Dynamics is very pleased with the growing roster of leading issuers that have endorsed and adopted our next-generation magnetic stripe technology.”

Initial orders have already exceeded 1 million units. To meet this demand, production will begin immediately and scale through 2012.

To learn more about Dynamics, watch its FinovateFall 2010 demo.

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Finovate Alumni News– October 6, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillGuard, Credit Karma, Dwolla, HelloWallet, Kashoo, Offermatic, Simple, TILE Financial, Xero, Zecco
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNetbanker highlights BillGuard’s monthly credit/debit card scan report.
  • Offermatic unveils OfferMatch, a pay-for-performance marketing channel that brings customers.
  • NBC Chicago names Ben Milne, Dwolla CEO, as a person to watch during Ideas Week.
  • WealthTouch partners with TILE Financial to create portfolio-reporting offerings for high net worth young adults.
  • Wall Street and Technology lists Zecco as 1 of 6 brokerages leading the way in social media.
  • New York Times blog reports BankSimple to go live on the Web next month.
  • HelloWallet announces its fall webinar series.
  • Business Daily Africa compares Xero and Kashoo accounting services with QuickBooks.
  • Credit Karma’s new feature graphically compares credit card clientele.
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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Lendio’s Partnership With Prosper Will Facilitate Small Business Funding

By Julie Muhn (@julieschicktanz) Posted on
Categories: Lendio, Prosper

Thumbnail image for LendioLogo8.31.11.pngEarlier today, Salt Lake City-based Lendio announced a partnership with Prosper. Lendio CEO Brock Blake cites:

“In the short period of our partnership, about 80 Lendio 
clients have been approved to list through Prosper, resulting 

Thumbnail image for Prosper.jpg

in excess of $1,000,000 in potential loans.”
Through this partnership, Lendio and Prosper hope that they will enable more small businesses to secure funding through loans.
To learn more about Lendio and Prosper, watch Lendio’s FinovateSpring 2011 demo and Prosper’s FinovateStartup 2008 demo.

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Finovate Alumni News– October 5, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Clovr Media, mShift, PayPal, ProfitStars, Simple, Wonga, Zopa

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  • The Future of Media blog refers to CLOVR Media as a disrupter in the industry.
  • Mindful Money lists Zopa as an alternative to receiving bank funding.
  • Josh Reich, CEO of BankSimple, speaks up on why he thinks traditional banks suck.
  • ProfitStars introduces Gladiator Enterprise Security Monitoring Module for NetTeller online banking clients.
  • Wonga CEO named Ernst & Young Entrepreneur of the Year for eCommerce, UK.
  • CU Times reports MShift helps Alaska CU provide iPhone and Android Apps to its customers.
  • PayPal to Open a brick-and-mortar pop-up store in Manhattan.
  • edo Interactive is awarded DMA Innovation Award.
  • Lendio’s partnership with Prosper will facilitate small business funding.

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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edo Interactive Awarded DMA Innovation Award

By Julie Muhn (@julieschicktanz) Posted on
Categories: edo Interactive

Thumbnail image for edo Logo10.11.pngEarlier this week, Nashville-based edo Interactive was presented with two awards from the Direct Marketing Association (DMA) for its Prewards Performance Marketing Platform:

    • Early Stage winner
    • Innovation Award winner in the Real Time and Trigger Marketing category 
edoAward.jpg
The purpose of the DMA awards is to recognize the innovative advances being made in marketing technology.
To learn more about edo Interactive, watch its FinovateSpring 2011 demo video.

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PayPal To Open A Brick-And-Mortar Pop-up Store in Manhattan

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

PayPalLogo.jpgToday, TechCrunch reported that PayPal is opening a brick-and-mortar pop-up store in downtown Manhattan to showcase its new tools and technology:

“The space will be located at 174 Hudson, which is located in the Tribeca neighborhood of Manhattan. Over the next three and a half months, PayPal will be inviting merchants to visit the space where they will have the opportunity to get real-time demos of the technologies in realistic point-of-sale scenarios.”

The store is set to open November 1 of this year.

To learn more about PayPal, watch its FinovateSpring 2011 demo video.

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Finovate Alumni News– October 4, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Cartera Commerce, Equifax, findabetterbank.com, HelloWallet, Lending Club, Lighter Capital, Offermatic, T8 Webware
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMountain Top Financial Services reviews Lending Club.
  • Bank Innovation discusses how Cartera Commerce and Offermatic are changing the daily deals space.
  • Equifax purchases Charleston-based e-Thority software company.
  • Lighter Capital searches for a company to fund that makes or sells sweet things.
  • San Francisco ABC 7 recommends findabetterbank.com in order to avoid bank fees.
  • T8 Webware CEO Wade Arnold discusses Grip on the Silicon Prairie’s PrairieCast.
  • The Washington Post profiles HelloWallet.
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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CashStar Announces Its MobileGiftReward Mobile App

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

Thumbnail image for CashStar.jpg

CashStar announced its plans to roll out a mobile app called MobileGiftReward early next year that will be piloted by undisclosed financial institutions. The app will allow consumers to use unredeemed rewards points held by banks. The goal of this app is to remove the hassle from converting rewards points into usable items:

“With the app… users can convert unused rewards points into gift cards usable at CashStar client merchants.”

The merchants include The Gap, Starbucks, Home Depot, and many others. Here’s how it works:

“Users can choose the brand they want. The app then generates a bar code that can be scanned at any of that brand’s stores. In cases where the merchant doesn’t have a scanner at checkout, the clerk can key in a 16-digit number that appears with the bar code.”
CashStar demonstrated this app at FinovateFall 2011 last month in New York. A full-length demo will be posted within the next two weeks.

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BrightScope Will Allow Consumers to Write Yelp-like Reviews About Advisors

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

Brightscope Logo10.11.jpg

BrightScope, a financial information company that publishes retirement plan ratings and provides a free directory of financial advisors, recently announced that it plans to launch a new consumer-comment section:

“BrightScope, which provides background on 450,000 advisors based on reports from the Securities and Exchange Commission and FINRA, is adding a section to its Advisor Pages that will let consumers write reviews about advisors – a concept akin to popular consumer websites like Yelp or Tripadvisor.com.”

The company plans to integrate this feature into the Advisor Pages by the end of this year.
To learn more about BrightScope, watch its Finovate 2009 demo.

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Finovate Alumni News– October 3, 2011

By Julie Muhn (@julieschicktanz) Posted on
Categories: Dwolla, Dynamics, findabetterbank.com, MiiCard, PayNearMe, Rebirth Financial, Xero
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  • FreeCreditScore.net profiles PayNearMe.
  • Pittsburgh’s Smart Business looks at how Dynamics CEO Jeff Mullen has founded and grown the company.
  • James Varga from miiCard reflects on FinovateFall.
  • BlueRidgeNow.com recommends using findabetterbank.com to avoid banking fees.
  • New Zealand Herald discusses Rod Drury’s success with taking Xero public.
  • Entrepreneur looks at how Dwolla’s services compare to big bank’s small business services.
  • Bobber Interactive and Bundle are making finance interesting with social engagement.
  • The San Francisco Chronicle reports LearnVest is 1 of 30 most valuable startups in New York.
  • Bank Technology News cites that Citi is the first bank to publicly launch a site designed using Yodlee’s FinApp platform.
  • Mint.com discusses the value of CreditSesame’s Credit Badge.
  • The Spokesman-Review discusses the popularity of P2P lending sites Prosper and Lending Club.
  • The Paypers features Samurai from FeeFighters, an online payment gateway.
  • Loren’s World blog lists Expensify as 1 of 5 best apps for business women.
  • USA Today lists BillFloat as a good alternative to a payday loan.
  • DeadlineNews.com names FamZoo as a “site to see.”
  • Balance Financial launches version 1.2 of its mobile app in the Apple app store.

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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Bobber Interactive and Bundle Are Making Finance Interesting with Social Engagement

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bobber Interactive, Bundle

Thumbnail image for Thumbnail image for Bobber_Interactive.jpgEarlier this week, Bank Technology News wrote about the gamification of finance. The article describes Capital One’s promos in Zynga’s CityVille (a FarmVille-like game), then looks at Seattle-based Bobber Interactive’s new GoalCard:

“Users set up their accounts and access funds with a Visa debit card issued by Meta Financial Group Inc.’s MetaBank Inc. and offered by Plastyc Inc. They are encouraged to share their financial goals with their Facebook friends, and they get points and rewards for transacting and sharing the application with others.”

Bundle Logo2.jpgNew York-based Bundle is also highlighted in the article for its spending tracker and comparison platform:

“Bundle, which is backed by Citigroup Inc., analyzes card transaction data to help customers track their spending. It also compares their spending to various demographic groups based on aggregated data provided by Citi and other sources.”

Both Bobber Interactive and Bundle demonstrated their platforms at FinovateFall last week. Full-length videos will be posted within the next two weeks. In the meantime, check out Bobber Interactive’s FinovateSpring 2010 demo and Bundle’s FinovateSpring2011 demo.

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eToro Wins 3 World Finance Awards

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

eToroLogo.jpgAt the beginning of this month, eToro won three World Finance Awards:

“(eToro) was selected as the Best Social Trading Network, Best Mobile Trading Platform, and Best Trading Software Provider by the World Finance Awards. eToro was selected following an email poll of 40,000 industry decision-makers due to its innovation, originality and quality of product, as well as proof of market development and excellence in client representation.”

The goal of the World Finance Awards is to identify organizations that implement best practices in the financial and business world.

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

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