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“At a glance, you can determine which states are sending you the most orders. You can click on the individual state to see exactly how many sales you made during that time period. Just go to the Reports tab and click on ‘Sales by State.’ You can click on the ‘Table’ link in the upper right to see the same information in a table format.”
“With Secure Vault Payments, students or their parents initiate payments on a college or university web site and are automatically redirected to their own financial institution’s online banking platform to select which account they wish to use for payment. They are then returned to the school’s site, where they receive payment confirmation. Financial institutions authenticate the payer and immediately withdraw funds from the payer’s account and transfer funds to the school’s account the next business day.”
With FinovateFall coming up in a couple of weeks (please get your ticket before it’s too late) and a ton of buzz about the dozens of innovations that will debut there, you might have might have missed that we’ve begun accepting demo applications for our second annual FinovateEurope conference next February in London.
After selling out of tickets for our debut European conference weeks ahead of the event and winning rave reviews from the attendees, we’ve reserved a much larger venue to showcase the best new ideas in European/global banking and financial technology.
Applications for the London conference have already started to flow in at a strong pace — well ahead of last year’s volume — and we expect to showcase a diverse range of new innovations again. If you’d like to apply to demo your latest and great fintech innovation at the event, please email us at demo@finovate.com for more details.
FinovateEurope 2012 is sponsored by: BlueRock Consulting
FinovateEurope 2012 is partners with: Deutsch Startups, The Financial Services Club, and the Financial Services Innovation Centre
With FinovateFall coming up in a couple of weeks (please get your ticket before it’s too late) and a ton of buzz about the dozens of innovations that will debut there, you might have might have missed that we’ve begun accepting demo applications for our second annual FinovateEurope conference next February in London.
After selling out of tickets for our debut European conference weeks ahead of the event and winning rave reviews from the attendees, we’ve reserved a much larger venue to showcase the best new ideas in European/global banking and financial technology.
Applications for the London conference have already started to flow in at a strong pace — well ahead of last year’s volume — and we expect to showcase a diverse range of new innovations again. If you’d like to apply to demo your latest and great fintech innovation at the event, please email us at demo@finovate.com for more details.
FinovateEurope 2012 is sponsored by: BlueRock Consulting
FinovateEurope 2012 is partners with: Deutsch Startups, The Financial Services Club, and the Financial Services Innovation Centre
“The funding raised a total of over £550,000 ($900,000) from VC, angel and public sector sources. Investment has been secured from angel syndicate Par Equity, venture capital group IQ Capital and the Scottish Investment Bank’s Scottish Seed Fund.”
Just last month we published a report (here) about the large, and mostly unmet, opportunity to bank tweens/teens AND their parents.
Evidently ING Direct didn’t need our report. The direct bank, soon to be part of Capital One, is launching an aggressive $10 million advertising campaign for its new MONEY account (note 1). There’s no official mention of the program at ING Direct, except for a wall post on its main Facebook page (see last screenshot).
However, several online elements have been released:
Product: There’s only a few sentences describing the product, but it sounds like a standard checking account with debit card access. It will have no fees and no minimums and can be managed online (duh) and through a smartphone app.
Campaign: The $10 million campaign (note 2) is primarily fulfilled via Facebook (see screenshots below) and includes:
Our take: With 1% rates killing its traditional value proposition, it makes perfect sense for ING Direct to build for the future by positioning itself as a place that caters to the banking needs of the entire family. Well played.
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1. ING Direct’s teen-banking microsite at ingdirectmoney.com (30 Aug. 2011)
Note: In the lower right is a “pre-registration form” where the bank collects the name and email address of interested parties
2. Parents are encouraged to send a message to their children to let them know about the sweeps
Note: The lower right contains a place for parents to send email messages to their children
3. Facebook page at <facebook.com/ThatsMoney>
3. Facebook page info page (Facebook app)
4. Facebook page sign-up form
5. Thank-you page after pre-registering
6. Wall post this afternoon on main ING Direct Facebook page (link, 30 Aug. 2011)
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Notes:
1. New agency Berlin Cameron is spearheading the effort according to today’s Adweek article.
2. That’s about 40% of ING Direct’s projected $25 million media spend for 2011.
3. Hat tip: MyBankTracker
4. For more on teen banking, see our recent Online Banking Report.
California-based PayNearMe announced today that it has partnered with InfoSend, the billing-service provider for Fairfield, California, to allow residents to pay their utility bills using cash at 7-Eleven stores.
“InfoSend is able to print a unique barcode directly onto each City of Fairfield utility bill. Upon receipt of the bill, customers can go to any local 7-Eleven where their bar code is scanned at the register. They complete the transaction by paying in cash in a process that takes less than 60 seconds. The funds immediately post to customers’ accounts, and they receive detailed receipts for proof of payment.”
To learn more about PayNearMe, come see its live demo at FinovateFall in New York this September 20-21. Get your ticket here. And, to see an example of its cash-based utility payment service, watch PayNearMe’s Best Of Show demo from FinovateSpring 2011.
It’s 479 days, 2 hours and 54 minutes until the end of the Mayan calendar* and you know what that means? Yep, it’s time to start putting together your 2012 business and marketing plans. 
And don’t think that the end of the world is any excuse to hold back.
As usual, we’ve got your back. Announcing OBR’s 2012 Online/Mobile Banking Planning Guide. Its goal: to provide a resource for financial institution managers (product and/or marketing) to help prioritize potential remote-banking projects for the coming year.
The latest version was released just this afternoon.
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About the report
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2012 Product, Pricing & Strategy Guide for Remote Banking (link)
Preparing for the mobile-first futureAuthor: Jim Bruene, Editor & Founder
Published: 29 Aug 2011
Length: 76 pages
Cost: No extra charge to OBR subscribers, $695 for others here
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The report contains a list of every idea that has appeared in Online Banking Report or this blog. There are more than 1,000 possible tactics listed in the current report, divided into the following categories:
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1. Product tactics |
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2. Online sales tactics |
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3. Service, security & retention tactics |
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4. Small business |
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5. Fee-based planner |
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6. Messages & alerts |
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*We don’t want to feed into the Mayan calendar hysteria, but you might want to pick up these super cool keychains here.
“The new feature to the existing service allows senders to simply convert an AcceptEmail into an AcceptSMS. A short URL sends the recipient via mobile internet to the secured AcceptEmail transaction page. From this landing page the payment can be done, choosing one of the many available payment methods. The outstanding amount is safely paid via credit card, debit card or online banking and soon also via mobile banking.”
“Took the ‘overall most innovative’ category in Barlow Research Associates’ Monarch Innovation Awards, which recognizes financial industry innovation. One of the judges, Robert Seiwert of the American Bankers Association, says the concept takes valuable information that used to be considered the proprietary information of analytics firms and makes it available to any bank that wants to pay for it.”
“What Capital Access has come up with is a third way,” Seiwert says. “Instead of waiting 30, 60, 90 days after a quarter is over to get the financial statements, we can get data daily and get into the heartbeat of a business to figure out how it’s doing.”
“These deals give BOKU nearly 100% coverage of the French mobile market, which is nearly 50 million mobile subscribers total. Bouygues Telecom and SFR are actually launching a new service, called Internet + Mobile, allowing consumers to purchase goods online and use BOKU to pay with their mobile phone number. BOKU says the purchase process only requires two-clicks and gives online merchants access to a full range of price points of up to 10 Euros.”