Blog - Page 1149 of 1288

US Bank Implements eWise’s Secure Vault Payments for Online Tuition Payments

By Julie Muhn (@julieschicktanz) Posted on September 1, 2011
Categories: eWise

Yesterday, US Bank announced that it implemented eWise's Secure Vault Payments platform as a payment option for students at the University of Wisconsin-Stout who hold an account at US Bank or other Secure Vault Payment-enabled FI. "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." The school has received positive feedback so far and is expecting the new payment platform to mitigate tuition payment-processing costs. To see an example of this payment platform, watch eWise's FinovateSpring 2011 demo.

FinovateEurope 2012 — Apply Now to Demo Your Newest Fintech Innovations Next Febuary in London

By finovate Posted on August 31, 2011
Categories: Finovate Europe

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 [email protected]…

FinovateEurope 2012 — Apply Now to Demo Your Newest Fintech Innovations

By finovate Posted on August 31, 2011
Categories: FinovateEurope 2012

miiCard Closes First Round of Funding with $900,000

By Julie Muhn (@julieschicktanz) Posted on August 31, 2011
Categories: MiiCard

Edinburgh-based miiCard, a company seeking to create a way for users to prove their identity online using an Internet identity card, closed its first round of funding today. "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." miiCard will demo its internet identity card at FinovateFall and is expected to launch in time for the 2011 Christmas season. Get your ticket here to come see miiCard's live demo at FinovateFall this September 20-21st.

Launching: ING Direct Unveils $10 Million Campaign for Teen Banking

By Jim Bruene Posted on August 30, 2011
Categories: Advertising & Promotion, Deposits, Checking, Savings, CDs, ING Direct, Youth market

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:

Microsite <ingdirectmoney.com> (see first screenshot below) Facebook page <facebook.com/ThatsMoney> with 129 likes as of 2:00 PM Pacific, Aug. 29 (see screenshot 2) Facebook app (screenshot 3-5)

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…

PayNearMe Announces Utility Bill Pay with Cash in Fairfield, CA

By Julie Muhn (@julieschicktanz) Posted on August 30, 2011
Categories: PayNearMe

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.

New Online Banking Report Published: 2012 Guide to Remote Banking Products, Marketing, & Strategy

By Jim Bruene Posted on August 29, 2011
Categories: Online Banking Report, Planning, Strategic Planning, Strategies

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 future

Author: 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…

AcceptEmail Launches an SMS Invoicing Service

By Julie Muhn (@julieschicktanz) Posted on August 29, 2011
Categories: AcceptEmail

Email billing and payment solution, AcceptEmail, recently launched a text message-based invoicing service. With this new service, users can send payment requests to clients directly to their mobile phones. "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." AcceptEmail hopes this new way to pay will improve customer payment behavior through its user-friendly experience and, ultimately, reduce the number of outstanding bill collections. To learn more about AcceptEmail, watch its FinovateEurope 2011 demo.

Finovate Alumni Website Traffic in July

By Julie Muhn (@julieschicktanz) Posted on August 29, 2011
Categories: Adobe, Andera, BancVue, Betterment, Bill.com, Billeo, BillFloat, Bills.com, BillShrink, Blippy, Boku, BrightScope, Bundle, Cardlytics, CashEdge, ChargeSmart, Check Point, Cortera, Credit Karma, Credit Sesame, Credit.com, DebtGoal, Discover, eRollover, eToro, Expensify, Experian, FIS, Fiserv, Infosys, Intuit, Jack Henry, Kapitall, Kasasa, Leadfusion, Lending Club, Lendio, Metavante, Mint.com, MoneyAisle, MyBankTracker, Online Resources, Outright.com, PayPal, Prosper, S1, Seeking Alpha, Simple Tuition, smartcredit.com, SmartyPig, Standard Chartered Bank, Sybase 365, TransUnion Interactive, TrustedID, Wesabe, Wikinvest, wipro, Yodlee, Zecco

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete. Out of 255 alumni, 59 (23%) had more than 10,000 unique U.S. visitors in July 2011 (see tables below). Of those, 19 (32%) had more visitors than in the previous month and 25 (42%) were flat. Year-over-year, 26 (44%) had an increase, 10 (17%) were flat, and 23 (39%) were down.
Private Companies Notable successes: Seeking Alpha had the most traffic in July with more than 2 million unique visitors. eToro saw the highest monthly growth percentage with 3 times the number of unique visitors in July compared to June. Bundle had the highest increase in number of unique month-over-month visits, with 450,000 more visitors in July than in June. eRollover had the highest percent year-over-year traffic increase, with 260,000 more visitors from last July. Source: Compete.com retrieved week of August 15, 2011 …

Capital Access Network’s Risk Determination Method

By Julie Muhn (@julieschicktanz) Posted on August 26, 2011
Categories: Capital Access Network

Working capital provider, Capital Access Network, was recently featured in American Banker for its Daily Remittance Platform that was revealed last October. This platform: "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." This innovative platform provides lenders with information on the risk level of borrowers by using a non-traditional method that shies away from credit scores, business plans and financial statements. "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…

BOKU Forms Direct Carrier Billing Agreement with Two French Mobile Carriers

By Julie Muhn (@julieschicktanz) Posted on August 26, 2011
Categories: Boku

BOKU, a mobile payments startup, announced yesterday that it has launched direct payments agreements with two of France's largest cell phone carriers, Bouygues Telecom and SFR. Combined, these two carriers account for 32 million French customers. "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." BOKU negotiates direct relationships with mobile carriers to mitigate transaction costs passed down to the consumer. To learn more about BOKU, watch its FinovateEurope 2011 demo.

Mint.com Helps Users Keep Track of What’s Ahead with New Bill Timeline & Reminders

By Jim Bruene Posted on August 25, 2011
Categories: Alerts & Messaging, Mint, Personal Financial Management

It's hard to believe that Mint turns four next month. It made its financial industry debut at our first Finovate conference (demo here, Oct. 2, 2007) after having launched to the general public a few weeks earlier.

With 5 million registered users, and public ownership (Intuit), it's now "the establishment" that dozens of startups look to unseat.

Mint made a large stride forward this week with the addition of a bill-due-date timeline to its Overview page, the page that users land on after login (see inset and first screenshot below).

The company also expanded its text and email bill-due-date reminder system. A wizard launched from a promotion on Mint's main page (screenshot 2, 3) prompts users to establish reminders for regular household bills.

Bottom line: Mint's billing timeline is a good example of the forward-looking approach that's much needed in…