SafetyPay Available as Payment Option for Facebook Credit Purchases

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Online payment solution company SafetyPay recently announced that its payment platform can now be used to purchase Facebook Credits:

“SafetyPay will be a payment option for Facebook Credits in Mexico, Costa Rica, Peru, Spain, Canada, United States, Austria, Germany and Brazil starting on December 9th, 2011. Facebook Credits can be purchased through SafetyPay without a credit card and without disclosing any personal financial information, which provides a safe online buying experience.”

Users can redeem the credits for virtual in-game elements, movies, Target gift cards, and more.

To learn more about SafetyPay, watch its FinovateSpring 2010 demo.

Finovate Alumni News– November 28, 2011

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  • Payments Journal looks at Dwolla’s P2P payment platform.
  • Prosper announces iPod Nano giveaway for borrowers.
  • Simply Stacie describes BillFloat’s daily $50 giveaway.
  • OnPoint CU debuts Tyfone mobile gift card service.
  • Active Filings describes how consumers can benefit from BillGuard’s fraud-monitoring service.
  • Freewaregenius describes the Kapitall user experience.
  • Xero makes BestVendor’s list of 25 most beloved web services and work apps with a belovedness score of 38%.
  • SafetyPay available as payment option for Facebook Credit purchases.
  • Pageonce sees $1 million in user bill payment, launches iPad app.
  • Credit Sesame launches free iPhone 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.

LearnVest Updates My Money Center

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Yesterday, PFM LearnVest announced some updates to My Money Center, its free online budgeting service.

Here’s an overview of what’s new:

  • Categorize cash transactions: You can now categorize the $50 you withdrew from the ATM as a budgetary item.
  • LVInbox.jpgManually add an account: Is your Credit Union not syncing with LearnVest? No worries. Now you can manually include that money for a full picture of your finances.
  • Track your income: Now there’s a folder in your financial inbox for your paychecks and other sources of income.
To learn more about LearnVest, watch its FinovateFall 2011 demo.

Finovate Alumni News– November 23, 2011

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  • Mitek updates its Remote Deposit Capture product to improve UX and performance.
  • CNBC reports CashStar fuels eCommerce this season with personalized eGift cards.
  • StockTwits adds real time streams to The Street’s ticker pages.
  • Prosper launches ‘$5,000 Shop on Us’ sweepstakes.
  • QVC selects CashStar to power its new eGift Card program.
  • The Next Web refers to HelloWallet as a “brilliant” personal finance tool.
  • MyCyberTwin wins 2011 New South Wales Australian Technology Showcase Rising Star Award. 
  • LearnVest updates My Money Center.
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.

HelloWallet’s iPhone App Helps Make Budgeting Advice More Relevant

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PFM company HelloWallet released a new iPhone app last week. In addition to providing standard PFM features such as account balance, spending overview, and budget outline, HelloWallet features a new tool that guides users based on their location:

“Once the app determines the user’s location, it will display how much is left to spend in the associated budget category and how much has been spent historically at that location.”

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The example on the right shows an example of a user visiting Caribou Coffee. The app informs them how much money is left in their coffee budget and displays their average spend at the merchant over the past year.

The HelloWallet app for Android will be available in early 2012.

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

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Finovate Alumni News– November 22, 2011

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  • Richard Branson follows in the footsteps of Simple by avoiding the word ‘bank’ when naming his newly acquired FI.
  • Alkami wins VC backing for online banking technology.
  • Check Point Software Technologies acquires risk management company.
  • HelloWallet’s iPhone app helps make budgeting advice more relevant.
  • Equifax partners with data quality and management company Ixsight.
  • Xero makes receiving overpayments and prepayments easier.
  • Credit Union Times reports Geezeo adds four credit union clients for its PFM.
  • Venture Studio interviews Alexa Von Tobel, LearnVest CEO, about how she started her business.
  • The Social Lending Network looks at Prosper’s top P2P lenders.
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.

Check Point Software Technologies Acquires Risk Management Company

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Check Point Software Technologies recently announced the acquisition of Dynasec, a governance, risk management, and compliance (GRC) solution provider. This move will enhance Check Point’s 3D Security platform that:

“Enables companies to view security as a business process, focusing on policy, people and enforcement. The combined security and GRC solutions will enable customers to manage their entire 3D Security process from corporate objectives, to policies and security enforcement…”

The added solutions will help clients sift through ever-changing security regulations and requirements when creating IT security policies. 

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

Currensee Launches Trade Leaders Program for Institutional Clients

Currensee.jpgLast week, currency trading platform Currensee announced the launch of its Trade Leaders Investment Program for institutional clients:

“The new service enables hedge funds, money managers, family offices and other asset gatherers to tap into the USD4 trillion daily Forex market by leveraging the elite Currensee network of Trade Leaders.”

It also instituted the Currency Risk Management Control Center to assist investors with controlling risk.

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

Finovate Alumni News– November 21, 2011

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  • BrightScope plans to tweak its blog & redesign its homepage.
  • SimpliFi wins four Achievement in Marketing awards from Columbus chapter of American Marketing Association.
  • New York Shop Exchange interviews Brock Blake, Lendio CEO, about small business loans.
  • MyBankTracker looks at Yodlee’s FinApps and the evolution of Mobile Banking.
  • Fifth Third Bank launches mobile banking apps powered by Clairmail.
  • TechCrunch reports Braintree receives investment from Capital One co-founder, Nigel Morris.
  • Currensee launches Trade Leaders Program for institutional clients.
  • TechCrunch explores the differences between Mint.com and HelloWallet’s mobile apps.
  • Family blogger Darcy shares five of DoughMain’s features.
  • Xero doubles its customer numbers, gains traction overseas.
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.

Expensify Launches Lite iPhone App For Mileage Support

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Yesterday, Expensify launched an iPhone app, Expensify Lite, that is exclusively for mileage support. This simple app will include mileage and odometer entry, business card scanning, offline support, and comments on receipts.

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All other Expensify mobile capabilities can be found in the regular Expensify app. The app is now available on iOS, Android, Blackberry, and Windows. 

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

PayPal Relaunches Facebook App For Friend-to-Friend Payments

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Yesterday, PayPal relaunched Send Money, a Facebook app that allows payments, accompanied by e-cards, to be sent to friends. PayPal says 80% of its active users also use Facebook. 

The process begins inside Facebook where the app is launched and the recipient is chosen from the friends list. Then users select an e-card image, add a personal greeting, and type in the amount of the payment. The final step takes users into their PayPal account, where they login with their PayPal username/password, to confirm the transaction. Recipients need a PayPal account to redeem the cash. 

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While the e-cards and P2P payments are free, PayPal’s international fees still apply.

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

Mitek Doubles Clients, Plans to Enter Insurance Vertical

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Mitek Systems, whose fiscal year ends in September, recently released its year-end earnings and client numbers, along with a hint towards a strategy move. 

Janney Capital’s report details the highlights:

  • Earned $10.3 million in revenue in the 2011 fiscal year. This is double its $5.1 million 2010 revenue.
  • Increased revenue by $1.4 million from Q4 2010 ($1.6 million) to Q4 2011 ($3.0 million)
  • Reported that the number of signed financial institutions sprang from 80 to 161 in the final quarter of 2011. This doubles its customer base, which includes 7 of the top 10 U.S. Banks.
  • Acted on its plan to enter the insurance vertical market by signing Progressive as a customer.
  • Announced that an unnamed, tier 1 bank will introduce Mitek’s Photo Bill Pay product to its customers in the near future

Mitek’s customer base includes:

  • Charles Schwab
         – Experienced 40% mobile deposit adoption in 6 months
  • Progressive
         – This is Mitek’s first step into the insurance vertical world
  • Intuit
         – Launched Mitek’s Mobile Deposit in September 2011
  • Wells Fargo
         – Available only to commercial customers
  • JPMorgan Chase
         – Available to both private and commercial customers.
  • To learn more about Mitek, watch its FinovateFall 2011 demo.