miiCard Creates Validated Online ID Card

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Later this afternoon, miiCard demonstrated an identity service that proves users are who they say they are:

“Simply put, we have a catalyst for change in miiCard – a user-centric federated identity that can truly change the way we transact online. A new proposition in the Electronic Identity and Verification (eID&V) market- place, miiCard, for the first time, offers the capability to establish online trust purely online and in real time. Whilst other identity providers and credit reference agencies validate informa- tion about someone – such as their address, credit rating and, more recently, some have introduced behavioral aspects such as questions about transaction history, miiCard validates that a customer is who they say they are. Equally important to the vendors, benefits to the consumer are:

      • Security and control of personal data 
      • Convenience, consistency and simplicity 
      • Trust between parties in a purely online environment

miiCard is a federated identity service, which means it sits between the consumer and the vendor (or other consumer) and provides a level of trust between parties. miiCard can support not only the UK but North America, Western Europe, India, Australia, New Zealand and soon South Africa.”

Product Launched: October 2010 

HQ Location: Edinburgh, United Kingdom 
Company Founded: 2010 
Metrics
: Seed funding raised, 5 employees
Website: miicard.com

Presenting James Varga (CEO)

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Wall Street Survivor Teaches Financial Concepts Through Hands-On Experience

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Today, Wall Street Survivor demoed a platform that provides hands-on practice to aspiring investors:

“It couples a real-time stock market simulator with content to provide missions. Missions are a set of tasks that teach financial concepts such as creating a portfolio, researching stocks and mastering different trading strategies. Users learn through content and are given virtual cash to test their knowledge on the stock market simulator. Badges and rewards keep users engaged to keep pursuing missions. Wall Street Survivor also has leagues, where users can create their own virtual stock market competitions with their friends or join Wall Street Survivor’s leagues where the top traders win real cash.”

Product Launched: September 2011

HQ Location: Montreal, Canada
Company Founded: 2007
Metrics: 350,000 registered users, 3.5 million page views per month
Presenting Rory Olson (CEO) & Justin Evans (CPO)

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Samurai by FeeFighters Lets Merchants Accept Payments Online

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Next, FeeFighters shared Samurai, a platform that allows merchants to accept payments online:
“Samurai is a feature-rich gateway that provides ultimate flexibility at an affordable price. With Samurai, you’ll be able to integrate payments on your site in minutes. Samurai boasts premium features such as intelligent routing, data portability, and gateway emulation. Send payments anywhere at a transaction level, meaning you can send a transaction where it makes the most sense financially. It’s also universally compatible, so you aren’t locked into a particular provider. Incredibly easy setup at a fantastic and simple price: $10/month + $0.10/transaction, no other costs.”
Product Launched: September 2011 

HQ Location: Chicago, IL 
Company Founded: April 2009 
Metrics: $1.6 Million Seed Round raised, 8 employees, 50,000 unique users/month, over 25,000 credit card processing auctions completed
Presenting Sean Harper (CEO) & Sheel Mohnot (Director of Business Development)

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CarryQuote’s IntelliCast Solution Delivers Financial Research and Multimedia Content

Thumbnail image for CarryQuote.jpgThis afternoon, CarryQuote shared a mobile research delivery solution, IntelliCast:

“A private-labeled solution that allows you to securely deliver proprietary research and multi-media content directly to your clients’ Apple, Android, BlackBerry, or Microsoft smartphones and tablets. 

Through CarryQuote’s unique, SaaS-based mobile technology platform, which offers compatibility across all five major mobile platforms, CarryQuote IntelliCast allows you to place a highly-advanced, branded mobile application in your clients’ hands, and become their “go to” source for the latest financial research. Notably, this turnkey solution can be customized and deployed across all platforms in under six weeks.”

Product Launched: February 2011


HQ Location: Zug, Switzerland 

Company Founded: July 2006 
Product Launched: February 2011
Presenting Christian Erlandson (CEO) & Trevor Vale (Head of Sales, Americas)

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PayNearMe Allows Cash Payments for Online Bills

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PayNearMe started off the demos after lunch today with a unique payment platform that allows users to pay for online goods, rent, and utility bills using cash.
“PayNearMe combines a load network with a flexible application development platform that enables consumers to conduct a broad range of remote business transactions.We will demonstrate PayNearMe-based applications in international remittance, retail-enabled bill payment, and mobile payments with cash.”

Product Launched: September 15, 2010

HQ Location: Mountain View, CA

Company Founded: 2009

Website: paynearme.com
Presenting Danny Shader (CEO & Founder) & John Minor (VP Product and Support)

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BankSimple Unveils Its Modern Mobile Banking Experience

BankSimple.jpgFinishing off today’s morning session, BankSimple publicly demonstrated its product for the first time:


“It’s a fast, easy-to-use web and mobile experience with advanced features such as a prominent Safe-To-Spend balance, fast natural language search, adjustable savings goals and much more.”
Product Launched: Soon
 
HQ Location: Portland, OR
Company Founded: October 2009
Metrics: $13M raised, 17 employees
Presenting Joshua Reich (CEO & Co-Founder) & Adam Erlebacher (VP Product Marketing & Operations)
 
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MasterCard’s inControl Service Features the Small Business Controller Product

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This morning, MasterCard demonstrated a feature of inControl, the Small Business Controller service:

“MasterCard inControl is an innovative, flexible service, which enables issuers to easily introduce payment products that offer unparalleled controls and real-time alerts to both consumer and commercial cardholders. 

The suite of inControl offerings satisfies strong end-user needs for high security and controlled access to spending accounts, while providing cost-efficiencies and speed-to-market for issuers without the need for any changes in the payment process at the merchant.”

Product Launched: The inControl platform first launched in 2008 with PurchaseControl for corporate clients. Since then, the inControl product suite has expanded to additional products for consumer cardholders. Today’s demo features the Small Business Controller product, which launched this summer. 
HQ Location: Purchase, NY 
Company Founded: 1966 
Product Being Demoed: MasterCard inControlTM 
Metrics: In 2010, $2.7 trillion in gross dollar volume was generated on MasterCard products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 23 billion transactions each year and has the capacity to handle 140 million transactions per hour, with an average network response time of 140 milliseconds and with 99.99 percent reliability. MasterCard’s net revenue for the full-year 2010 was $5.5 billion.
Presenting Dana Duman (VP, inControl Global Product Development)

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Lighter Capital’s RevenueLoan: Where Entrepreneurs Fund Entrepreneurs

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Later this morning, Lighter Capital demonstrated its lending platform with a social twist:

“RevenueLoan is our light-weight and flexible financing option that fits an unmet need in the small business funding market. Our revenue-based finance model exchanges growth capital for a fixed percentage of a company’s revenues. 

Entrepreneurs prefer this as there’s no dilution, no loss of control, and no fixed repayment schedule. For us, this provides a more scalable funding strategy as we have more consistent of repayment than venture investors while achieving higher rates of returns than banks. We’re also the first small business lender to build a company’s social media and web presence directly into our loan evaluation process.”

Product Launched: August 9, 2011 

HQ Location: Seattle, WA 
Company Founded: June 2010 
Metrics: Funding raised to date: $6 million, Number of employees: 10, Number of financings to date: 10, Total $ value of financings to date: $1.4 million+
Presenting Andy Sack (Founder & CEO) & Randall Lucas (Principal & VP Finance)

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Jingit Helps Consumers Earn Cash for Brand Engagement

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This morning, Jingit demonstrated its platform that helps consumers earn cash in exchange for brand engagement:

“With Jingit, you earn real cash (not credits, points or virtual currency) by engaging with brands. Instantly spend that cash to buy goods online with your Jingit balance, or in the real world with a Jingit Visa® Debit Card.”

Product Launched: August 2011
HQ Location: Minneapolis, MN 
Company Founded: January 2010 
Website: jingit.com
Presenting Joe Rogness (Co-CEO) & Todd Rooke (Co-CEO)

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planwise Helps Consumers Grasp and Plan Their Financial Future

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Next to step up to the podium is planwise, a startup who aims to help all consumers understand and plan their financial future: 

“We are to demo the core proposition of planwise, which enables the consumer to > Learn > Plan > Quote > Apply > Get Advice around any life plans they may have and the credit products that would be required to make them happen. 

The tools enable any consumer from all ranges of demographic, age, financial or computer knowledge to better understand how the plans they make today affect their finances in the future, so they can make better decisions. We will be launching with demoing mortgage products.”

Product Launched: September 2011 

HQ Location: San Francisco, CA 
Company Founded: January 2011 
Metrics: Money raised: $50,000, employees: 5, registered users: 50 pre-launch private beta, Traffic: Alexa Ranking 74,000 at August 1st, banks signed: 2
Website: planwise.com
Presenting Vincent Turner (CEO)

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InComm and CorFire Bring a Tailored Mobile Wallet Experience

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Next this morning, InComm demonstrated its platform that enables retailers to directly involve themselves in the consumer experience:

“InComm’s innovation is a mobile commerce platform that will deliver promotion, loyalty, and general payment solutions to national merchants and their customers. This will differ from other mobile wallet platforms in that the solution will tailor to the retailer’s needs, providing a merchant-branded environment and thus, the ability to be directly involved in the consumer’s wallet experience. 

When combined with loyalty and gifting, merchants will have a fully functional application that simplifies the consumer’s life, reducing the need for magnetic swipe technology and harboring next generation technologies such as near field communication.”

Product Launched: TBD, but likely Nov. 2011 

HQ Location: Atlanta, GA 
Company Founded: 1992 
Metrics: $13 billion in retail transactions in 2010, More than 40 percent growth year-on- year in most product categories, More than 225,000 integrated retail locations, Available on five continents, 28 countries, 1,400 employees, 74 worldwide patents, unique monthly visitors: 6,825
Website: incomm.com
Presenting Dustin Young (VP Product Strategy) & John Anderson (VP E-Commerce & Mobile)

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oFlows Helps You Go Paperless

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Next up this morning is oFlows, which demonstrated how you can use its platform to go paperless:

“This year we have expanded beyond financial institutions and have made the oFlows technology platform available to everyone. So if you are still using paper for your applications, purchase orders, order forms or just about any other kind of transaction, oFlows can help. 

We take your products, forms and rules and put them into a completely paperless mobile platform that will run the rules, make offers, fill the forms, get them signed and manage all of the required supporting documentation – all from iPads, Android tablets and smartphones. And because oFlows seamlessly integrates with payments systems, you can complete complex transactions or take deposits on the spot. So now you can transact anywhere, anytime without having to lug around a clipboard full of paper forms.”

Product Launched: September 2011

HQ Location: San Francisco, CA 

Company Founded: 2009 
Website: oflows.com
Presenting Scott Pitts (CEO) & Rajesh Jayaraman (CTO)

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