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FreeMonee Enhances Merchant Search Capability

By Julie Muhn (@julieschicktanz) Posted on September 21, 2011
Categories: FreeMonee

This morning, FreeMonee demonstrated the enhanced merchant search capability:

“FreeMonee will demonstrate a powerful new extension of our gift platform that introduces a whole new way for consumers to interact with their financial institutions. The product draws on the power of FreeMonee’s analytics and scoring capabilities to create a new form of merchant search.”

Product Launched: Fall 2011

HQ Location: San Mateo, CA

Company Founded: July 2009

Metrics: FreeMonee Network raised $11 million dollars (as FMN Technologies) in an initial round of funding and has 30+ employees.

Website: freemonee.com

Presenting Joe Salesky (Chief Strategy Officer & Co-Founder) & Jim Taschetta (CMO)

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Fuze Network’s Swipe2pay Allows Clients to Make Cash Payments By Swiping Their Card

By Julie Muhn (@julieschicktanz) Posted on September 21, 2011
Categories: Fuze Network

This morning, Fuze Network demonstrated Swipe2Pay, a service that enables customers to make cash payments by swiping their card:

“Swipe2pay enables customers to make payments at 17,000 banks and 100,000 retail locations nationwide. Swipe2pay permits cash preferred consumers to make a payment by simply swiping their card. Credit cards, store cards, gas cards and thousands more can be paid in cash at any participating location. This innovative service takes 99.9% of all cards, automatically enables over half a billion cards as well as over 300,000 card programs with a single software connection.

For billers, Swipe2pay delivers error-free convenience at a lower per-payment cost with no exceptions or misapplied funds. Payment networks will see increased store traffic and new revenue streams; with no new start up costs or equipment to buy. Our services directly integrate into current infrastructure. Consumers will avoid late fees, stamps, money orders, and paperwork: all at a lower price.”

Product Launched: July 2011

HQ Location: Salt Lake City, UT

Company Founded: March 2010

Website: fuzenetwork.com

Presenting Dave Wilkes (CEO) & Phil Skaggs (President)

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ACI Worldwide & MShift Create Business Banking Tool for Executives

By Julie Muhn (@julieschicktanz) Posted on September 21, 2011
Categories: ACI Worldwide, mShift

This morning, ACI Worldwide and MShift did a joint demo of their Mobile Enterprise Banker for tablets:

“It is a tablet-optimized business banking solution. The solution is targeted towards business executives who are interested in robust and graphically rich presentations of company data as well operational tasks like ACH and Wire release and bill payment.”

Product Launch: May 2012

HQ Location:

ACI: Elkhorn, NE
MShift: Fremont, CA

Company Founded:

ACI: 1975
MShift: 1999

Website:

Presenting Jeff Chen (VP Business Development, MShift) & Ileen Pinhasi (Product Manager, ACI Worldwide)

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CREALOGIX’s New Service Brings Security to eBanking

By Julie Muhn (@julieschicktanz) Posted on September 21, 2011
Categories: CREALOGIX

Next up to the podium was CREALOGIX, which demonstrated an out-of-band transaction authorization service, CLX.SentinelDisplay:

“It guarantees transaction integrity through display-based confirmation/signing, while the hardened browser (CLX.SecureBrowser) provided on board ensures information confidentiality and further thwarts the impact of malware. CLX.SentinelDisplay can be used as a multi-functional authentication device or as a dedicated highly secure class-4 smart card reader bringing the highest security to e-Banking.

The solution implements an encrypted bi-directional, end-to-end channel between the e-Banking server and the device firmware. Architectural browser hardening is further enhanced through Pro-active Security Updates that can prevent the first-time effort hacking patches from being easily exploited for large scale attacks.”

Product Launched: September 2011

HQ Location: Zurich, Switzerland

Company Founded: January 1996

Metrics: 53 Mio CHF Revenue, 280 employees, market capitalization 100 Mio CHF

Website: crealogix.com

Presenting Kris Nowak (Director, International Business Dev.) & Geraldine Critchley (Manager, Business Development)

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Swipely’s Loyalty Platform Provides Insight to Customer Shopping Behavior

By Julie Muhn (@julieschicktanz) Posted on September 21, 2011
Categories: Swipely

Next this morning, Swipely demonstrated a loyalty platform that provides insight to customer shopping behavior:

“The Swipely loyalty platform offers merchants an easy way to create dynamic, customized rewards programs linked to their customers’ existing credit or debit cards. The Swipely merchant portal gives participating merchants unprecedented insights into customer shopping behavior and offers a powerful way to segment and engage with customers based on RFM (recency, frequency, monetary value) profiles. Consumers use Swipely to discover, track and earn cash-back rewards at their favorite places to shop.”

Product Launched: Our service launched in Q1 of 2011 with significant new features added in Q3 of 2011.

HQ Location: Providence, RI

Company Founded: August 2009

Metrics: Approximately 25 employees, raised $8.5 million, over 100 merchant customers

Website: swipely.com

Presenting Angus Davis (CEO)

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T8 Webware Empowers Consumers With Grip, a Financial Decision-Making Tool

By Julie Muhn (@julieschicktanz) Posted on September 21, 2011
Categories: T8 Webware

Today, T8 Webware started off the second day of the conference by demonstrating Grip, a tool that helps consumers understand where their money is going:

“Grip is a financial decision-support tool that supports consumers’ day-to-day living by empowering them to understand their money flow simply and without clutter. The mobile and tablet app enables financial institutions to provide quick, convenient information to the consumer on the go, addressing top mobile needs. With no reliance on core integration, financial institutions can offer Grip in as little as three weeks without any upfront fees and costs 99 cents each month for customers who use the app.”

Product Launched: September 2011

HQ Location: Cedar Falls, IA

Company Founded: 2008

Metrics: 500k angel investment March 2008, 41 employees, $3.1M 2010 revenue, 223 financial institutions

Website: t8webware.com

Presenting Wade Arnold (CEO) & Ben Metz (Product Manager)

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Dynamics Demonstrates Chip & Choice Card for EMV Applications

By Julie Muhn (@julieschicktanz) Posted on September 20, 2011
Categories: Dynamics

Wrapping up the first day here at FinovateFall, Dynamics demonstrated the Chip & Choice card that enables advance EMV applications:

“Chip & Choice is intended for the EU and other markets that utilize EMV (~85% penetration in EU). The battery-powered card has multiple “chips” including a central processing chip and a secondary “EMV” chip. The applications are loaded in a central “chip.” Based on what button a user pressed on the card, the appropriate application is provided to the secondary “chip.” Thus, the POS reader believes the card is a single-application card when, in fact, the card is a multiple application card.

In doing so, Dynamics solves the POS software fragmentation issue that has crippled innovation in the EU for decades, thus finally enabling customer driven choice at the point-of-sale. A card-programmable magnetic stripe is also included, as 100% of EU readers read magnetic stripes and 15% of EU readers only read magnetic stripes”

Product Launch: Currently in Trials

HQ Location: Pittsburgh, PA

Company Founded: 2007

Metrics: Dynamics has raised over $40M in funding and currently employs approximately 35 people.

Website: poweredcards.com

Presenting Jeff Mullen (CEO)

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Plastyc Helps Consumers Make Saving Money a Habit

By Julie Muhn (@julieschicktanz) Posted on September 20, 2011
Categories: Plastyc

Next up this afternoon is Plastyc, who helps make saving money a habit by using automation:

“Savings service allowing account holders to set money aside for a rainy day or for specific future purchases with exceptional rewards. Saving is easily turned into a habit thanks to automated daily, weekly or monthly deposits. No new account needs to be opened: the savings account resides right inside an existing prepaid card account.”

Product Launched: UPside Card (2007), iBankUP (2009)

HQ Location: New York, NY

Company Founded: 2006

Metrics: 300K accounts opened, 10 employees, $7M raised so far

Website: plastyc.com

Presenting Patrice Peyret (CEO)

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Experian Gives You The Power to Protect Your Identity

By Julie Muhn (@julieschicktanz) Posted on September 20, 2011
Categories: Experian

This afternoon, Experian demonstrated myID.com, a tool that helps you protect your identity:

“A part of Experian, it monitors all facets of your identity, including personal privacy, financial information, your reputation and your safety. myID.com quickly alerts you to risks to your identity so you can take action and minimize the potential for damage. Unlike most identity theft software, myID.com helps you manage your entire identity, on social networks, on people page sites and offline through our financial monitoring system.

myID.com helps consumers stay private and safe, and prevents identity theft by continuously scanning for personal information on public websites and databases. myID.com also provides real-time alerts if your private information becomes public, and investigates possible situations where your identity has been stolen. With myID.com, you can rest assured that your privacy, safety, finances and reputation are secure.”

Product Launched: 2011

HQ Location: Irvine, CA

Company Founded: 1999

Product Being Demoed: myid.com

Website: experian.com

Presenting Hue Rhodes (VP Business Development) & Conor Swanson (Business Analyst Expert for myID)

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Mootwin Helps Banks Maximize the Mobile User Experience

By Julie Muhn (@julieschicktanz) Posted on September 20, 2011
Categories: MOOTWIN

This afternoon, Mootwin demonstrated a mobile app solution that maximizes the mobile user experience:

“Mootwin patented technology offers a “One Stop Shop” value-added solution to all customer centric mobility needs. Its unique technology maximizes the mobile user experience thanks to:

Ability to execute even in the slowest broadband areas

Real-time financial content delivery (with cutting-edge “push” technologies)

Highly secured access

Easy integration to existing enterprise IT

The solution combines one tier of native application on mobile devices, with two tiers of transactional data access on the middleware platform (the Mootwin Foundation), easily integrated into Financial institutions’ information system. The three-tiered Mootwin application architecture delivers a fast Time-to-Market, a quick ROI “beyond expectations” user experience, encouraging brand loyalty.”

Product Launched: January 2011

Location: Palo Alto, CA & Paris, France

Company Founded: February 2008

Metrics: $7.5M raised

Website: mootwin.com

Presenting Naoufel Klai (Business Development) & Philippe Lomenech (CTO)

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SigFig Gives Advice on How to Improve Your Investment Portfolio

By Julie Muhn (@julieschicktanz) Posted on September 20, 2011
Categories: SigFig

Next this afternoon is SigFig, which demonstrated how it provides consumers with concrete, free, and actionable advice on how to improve thier investment portfolio:

“Because of the wealth of data we import from users’ brokerage accounts when they sign up for our portfolio service, we are in a unique position to offer specific and actionable advice.

The entire product is powered by sync – you don’t have to enter data, we automatically analyze your historical behavior.

If you own a bad mutual fund or ETF, and there’s a better one in the same category, we’ll recommend a switch.

We analyze the fees your brokerages charge you — across dozens of categories — and simulate your behavior at other brokerages in our system to see how much money you could save money.

We’ll automatically provide tax loss harvesting advice to help you optimize on taxes.

If you have a financial advisor, we’ll automatically detect that and compare his or her performance to all others in our system and recommend a switch if warranted.

We’ll analyze your behavior & style and recommend changes where warranted (such as too-frequent trading).”

Product Launched: October 2011

HQ Location: San Francisco, CA

Company Founded: July 2007

Metrics: 25 employees, 1M unique visitors

Website: sigfig.com

Presenting Parker Conrad (Co-Founder)

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cbanc Network Harnesses the Brainpower of Banks and Users

By Julie Muhn (@julieschicktanz) Posted on September 20, 2011
Categories: cbanc Network

This afternoon, cbanc Network demonstrated its virtual marketplace that aggregates the knowledge of users and financial institutions:

“Bankers are by-and-large too busy, too risk-averse and too protective of their efforts to willingly, reliably give away their hard work online to seekers in a discussion forum. However, they will share their intellectual property when the risks are controlled and the right incentives are in place.

We’ll demonstrate how this virtual marketplace:

1) motivates people from every job function to share their best work

2) uses points as its currency to incentivize users

3) helps financial institutions prepare for exams

4) protects members around legal and competitive concerns of sharing”

Product Launched: January 2009

HQ Location: Austin, TX

Company Founded: January 2009

Metrics: 8 employees, 5,000 registered users, average page views per login: 52, average minutes on site per login: 12 minutes, average time saved per downloaded piece of content: 8 hours

Website: cbancnetwork.com

Presenting Myers Dupuy (President)

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