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Toronto-based SecureKey announced yesterday that Intel will use the SecureKey tap-to-authenticate and tap-to-pay technology on the Intel Ultrabook. The technology will be available on the line of Ultrabooks with the third generation Intel Core.
On Deck releases version 1 of API.
On Deck, the startup that delivers capital to main street businesses, released the first version of its API today.
“This gives banks, online service providers to small businesses, and the over 800 On Deck Funding Advisor partners integrated access to the On Deck platform, which includes their powerful credit decision and application submission system. Through the API, these third parties can now incorporate On Deck’s loan origination and credit scoring functionality into their own software applications, bringing increased efficiency to the small business lending process without adding additional steps to the workflow or user experience.”
The API supports two functions:
To learn more about On Deck, watch its Finovate 2009 demo.
Online security company ThreatMetrix announced today that it acquired Australian-based TrustDefender. This acquisition brings three additional products to the ThreatMetrix Cybercrime Defender Platform:
Yesterday, U.S. Bank announced that it implemented eWise’s Secure Vault Payments (SVP) for Nebraska Online Child Support Payments, adding it to the SVP vendor list.
“With Secure Vault Payments, a non-custodial parent initiates the payment at the Child Support Center’s website. The parent is automatically redirected to his or her bank’s online banking platform to select the account to use for payment. The participating financial institution authenticates the payer and immediately withdraws funds from the payer’s account and then transfers funds to the Child Support Center the next business day.”
Nebraska Online Child Support Center reported that, within just a few hours of implementing SVP, the first payment using the technology was completed.
The latest research is now available: Online Banking Report: 2012 to 2021 Online & Mobile Banking Forecast. The report includes our latest 10-year online banking, mobile banking and bill-pay forecast for the U.S. market. Online banking remains relatively flat, growing less than 5%, while mobile expanded by more than 40% last year (see note 1).
We still believe mobile is on a path to surpass online banking in the United Sates by the end of the decade (note 2). Although by then, the two will be very similar, if not identical.
The report also includes a revised 10-year forecast for U.S. peer-to-peer lending. After growing five-fold in two years (2011 vs. 2009), we expect continued strong growth of nearly 40% compounded annually through 2021.
Finally, we took one last look at 2011 and documented the top ten innovations or trends of the year (see below). We also updated our top-10 project priorities for 2012.
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Top innovations & trends of 2011
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The report includes a summary of the top ten innovations or trends during the past year (in alphabetic order):
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New entrants to the OBR Hall of Fame
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Each year we rank the top online/mobile innovations of all time (North America). There are a total of 46 achievements listed from 45 unique companies:
The class of 2011 included three new entrants:
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About the report
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Online & Mobile Banking Forecast (link)
The next 10 years: 2012 through 2021Author: Jim Bruene, Editor & Founder
Published: 6 Jan 2012
Length: 40 pages, 27 tables, 14,000 words
Cost: No extra charge to OBR subscribers, US$495 for others here
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BillGuard is one of four new companies added to the OBR Hall of Fame in 2011 (9 Jan 2012)
Note: Powerful homepage message: Protect Your Money
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Notes:
1. The penetration of online banking into U.S. households is relatively flat going forward. However, because each household accesses a larger number of financial accounts, growth at individual financial institutions is still growing on average.
2. Forecast is for the United States. Mobile has already surpassed all types of banking in some developing countries.
3. Mint.com is being added four years past its 2007 launch. Since it didn’t pioneer any specific new features, we hadn’t put it on the list. But, we’ve decided its legacy of improving the user interface for online banking is worthy of making it into the OBR hall of fame.
Last week, debt assistance startup ReadyForZero unveiled its New Year’s Challenge that aims to help users pay off more debt in 2012. It consists of two parameters:
Here are the three steps of the challenge:
Step 1
Step 2
After completing all three steps, users receive a badge (see screenshot below) to solidify their commitment.
To learn more about ReadyForZero, watch its FinovateFall 2011 demo.
This morning, online identity verification service miiCard announced it has entered into a strategic partnership with UK-based Callcredit:
“Blending the identity validation and authentication services of miiCard with the consumer data and identity verification services of Callcredit will create a new kind of online identity service that not only provides convenience for the consumer but cost savings, fraud protection and increased conversions for in the industry.”
The two companies aim to be the first to provide the UK with an online identify verification service.
To learn more about miiCard, watch its FinovateFall 2011 demo.
Yesterday, P2P marketplace Prosper unveiled a web app that enables borrowers and lenders to access their accounts on-the-go in an easy-to-read format.
The mobile platform will allow users to:
View their account balance, annualized return, and portfolio allocationThe app is browser-based so it cannot be purchased from the App Store or the Android Marketplace. To access the mobile app, type prosper.com into the browser on your mobile device (the address will automatically be changed to m.prosper.com).
To learn more about Prosper, watch its FinovateStartup09 demo.
Visa shared on its blog yesterday that California-based Intuit recently launched a prepaid Visa card called GoPayment:
“Those who use Intuit’s GoPayment mobile acceptance app and reader can now link their GoPayment account to a Visa prepaid card, conveniently separating the funds collected through GoPayment from other finances.”
Users can make purchases with the card online and in-store, and they can use it to withdraw cash at an ATM.
To learn more about the two companies, watch Visa’s FinovateSpring 2010 demo and Intuit’s Finovate 2009 demo.
