Alumni News– October 21, 2014

By David Penn Posted on
Categories: Coinbase, Encap, Fiserv, Jumio, MaxMyInterest
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechCrunch: Coinbase CEO Brian Armstrong talks about the future of Bitcoin at Disrupt London.
  • Jumio launches BAM Checkout: a credit card and ID scanning app for mobile merchants.
  • Encap Security integrates Apple Touch ID into its Smarter Authentication platform.
  • Fiserv adds document-to-document comparison functionality to the Comparalytics module of its LoanComplete solution.
  • Firebase joins Google Cloud platform to make it easier to build mobile apps.
  • Tradier appoints former E*TRADE President & COO Jarrett Lilien to its Board.
  • Dubai Financial Market signs memorandum of understanding with Kony to develop a series of “Smart Borse” applications.
  • The Financial Brand: How PayPal’s Venmo is winning the battle for social payments.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Nous Announces $600,000 Angel Round Investment

Nous Announces $600,000 Angel Round Investment
By David Penn Posted on
Categories: Nous.net

Thumbnail image for nousHiResLogo.jpg

With an investment of $600,000 (£375,000) financial data startup Nous is now that much closer to its goal of leveraging the insights of the crowd for the benefit of real-world professional investors at banks, hedge funds, and other financial institutions.

Nous CEO Justin Short noted that the investment would provide more than just new capital for a company that was “self-funded, pre-revenue, and pre-launch” when we met them at FinovateEurope 2014 in London. “All of our investors will contribute not just capital, but also their considerable industry experience,” Short said. “We now have even stronger connections to the forward thinking hedge-funds that can make the most of our unique data feeds.”

The investors for this angel round of funding were not disclosed.
Noushomepage1
Nous has developed a trading simulator, SparkProfit, that allows thousands of users to predict the price direction of a wide variety of instruments, such as bitcoin, international currencies, stock market indices, and commodities. Top performing predictors on the platform can then compete for weekly cash prizes.
But this is only the beginning. By monitoring the predictions on the platform, Nous is able to offer a sentiment indicator called SparkFeed. SparkFeed works in real-time and according to the Nous provides a better sense of the emotions driving market behavior than that offered by either traditional sentiment algorithms as well as newer “social media” based sentiment measures. Nous calls this “crowd-sourced alpha.”
SparkProfithomepage
A few metrics on Nous:
  • 84,000 users in 200 countries
  • 250,000 predictions a week
  • More than $61,000 paid in weekly prizes since May 2013
Nous was founded in September 2012 and, after operating in Japan initially, is now headquartered in London. The company hopes to grow its user base to 250,000 over the next six months, and plans to use the funding to add both new markets and social features to its platform.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– October 20, 2014

By David Penn Posted on
Categories: Capital Access Network, Coinbase, Compass Plus, ID Analytics, ID.me, InComm, Klarna, Lending Club, Nopsec, Nous.net, The Currency Cloud, Zighra
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNous raises $600k to help drive its SparkProfit stock market prediction platform.
  • Lending Club selects the NYSE for its IPO.
  • Currency Cloud releases Connect API 2.0.
  • InComm partners with CardCash to integrate its online gift card exchange at InComm’s retail partners nationwide.
  • Compass Plus completes its TranzAxis integration with Klarna.
  • ID Analytics names Scott Carter Chief Operating Officer.
  • CAN Capital closes its first capital markets asset-backed notes offering.
  • Coinbase now available in 6 additional languages.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Hey, Developers! FinDEVr Presentation Videos Now Available

Hey, Developers! FinDEVr Presentation Videos Now Available
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinDEVr San Francisco 2014
FinDEVrLogo

Maybe you missed out on the first ever FinDEVr, which was held in San Francisco on September 30 and October 1, or maybe you wish you could go back to watch the presentations again.

Check out all of the presentation videos, fresh off the camera reel.

We have 47 fintech-focused presentations of APIs and back-end tools ready to watch, embed, and download for free. Don’t know where to start? Check out one of the award winning presentations from day one:

Avoka

https://finovate.wistia.com/medias/p7zbi64njm

BehavioSec

https://finovate.wistia.com/medias/3my6elyx7e

PayPal & Braintree

https://finovate.wistia.com/medias/y5r0p6kn2b

Yodlee

https://finovate.wistia.com/medias/02bb8bafg7

Over the next few weeks, we’ll be making some final edits to the videos. You can find the videos using the link above or in the video archives section on Finovate.com.

Thanks again to all who attended and presented!

Share this:

Send Post Twitter LinkedIn Facebook

Fintech Fundings: 17 Companies Raise $100 Million Week Ending Oct 17

By Jim Bruene Posted on
Categories: Funding
You can tell the market is frenzied when fintech companies raise only $101 million this week. That still works out to a $5+ billion annual run rate, which isn’t too shabby. Much of the money went into a Series-D to India’s Financial Software Systems, a 23-year old fintech veteran. 
In terms of startups, the big winner this week was Finovate alum, Quantopian, a high-tech investing play that debuted at FinovateSpring 2013 (see post for more info). But Technisys ($13 million) and Germany’s Orderbird ($10 million) were not far behind. 
In addition, fintech accelerator SixThirty announced its latest investments: $100,000 each to Davo Technologies, MyMoneyButler, PFTIR and New Constructs (see below for details).  
Here are the 17 deals in order of magnitude (10 Oct through 17 Oct): 
Payments technology
Latest round: $57 million
Total raised: Unknown (though the latest round is referred to as “Series D”)
Tags: Chennai, India
Source: Crunchbase

Algorithmic trading platform
Latest round: $15 million
Total raised: $23.8 million
Tags: Investing, analytics, hedge fund, trading, Boston, Massachusetts, Finovate alum
Source: Finovate
Latin American digital banking technology
Latest round: $13 million
Total raised: $14 million
Tags: Mobile, Miami, Florida
Mobile POS
Latest round: $10 million
Total raised: $14 million
Tags: Mobile, point of sale, iPad, Berlin, Germany
Source: Crunchbase
Mexican P2P microfinance
Latest round: $1.7 million
Total raised: $1.8 million
Tags: Credit, lending, microfinance, P2P, Mexico
Source: Crunchbase
Digital currency exchange
Latest round: $1.4 million
Total raised: $1.4 million
Tags: Bitcoin, cryptocurrency, NYC, New York
Source: Crunchbase
Mobile payments
Latest round: $760,000
Total raised: $760,000
Tags: Payments, Netherlands
Source: Crunchbase
Asian financial planning and advice
Latest round: $640,000
Total raised: $640,000
Tags: Wealth management, PFM, personal finance, investment management, Singapore
Source: Crunchbase
Italian collaborative payments company
Latest round: $500,000
Total raised: $500,000
Tags: Payments, mobile, P2P, group payments, Milan, Italy
Source: FT Partners
Automated debt recovery technology
Latest round: $250,000
Totals raised: $5.3 million 
Tags: Credit, collections, debt, lending, San Francisco
Source: Crunchbase
Japanese bitcoin exchange
Latest round: $236,000
Total raised: $236,000
Tags: Bitcoin, cryptocurrencies, Japan
Source: Crunchbase
Sales tax remittances and other business payments
Latest round: $100,000
Total raised: $100,000
Tags: SMB, accounts payable, payments, SixThirty, Montclair, New Jersey
Source: Crunchbase
Reduce investment management fees
Latest round: $100,000
Total raised: $100,000
Tags: Investing, fees, SixThirty, Palo Alto, California
Source: Crunchbase
PFTIR (Public Funds Investment Tracking and Reporting)
Investment reporting technology
Latest round: $100,000
Total raised: $100,000
Tags: Analytics, investing, enterprise, SIxThirty, Chesterfield, Missouri
Source: FT Partners
New Constructs
Investment research
Latest round: $100,000
Total raised: $100,000
Tags: Investing, research, equities, SIxThirty, Brentwood, Tennessee
Source: FT Partners
Lending and membership technology
Latest round: Undisclosed
Total raised: Unknown
Tags: Aliso Viejo, California
Source: Crunchbase
i-Invested
Crowdfunding platform
Latest round: Undisclosed
Total raised: Unknown
Tags: P2P, lending, credit, investing, UK
Source: Crunchbase

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Debuts: NopSec

Finovate Debuts: NopSec
By Julie Muhn (@julieschicktanz) Posted on
Categories: FinovateFall 2014, Nopsec
Finovate Debuts is a blog series to introduce companies who demonstrated for the first time on the Finovate stage. Today’s feature is NopSec, which demonstrated its Unified VRM system at FinovateFall 2014.
NopSecLogo

NopSec 

NopSec is focused on making the digital world a safer place. For banks, this means getting a handle on cyber security. If you’re a bank with 60,000 hosts under management, with thousands of security vulnerabilities, you have two major issues. First, you need to identify the vulnerabilities, and second, you need to know how to fix them.
With so much much information to sort through to determine and prioritize what needs to be fixed, this can be time consuming. This is where NopSec comes in. Its SaaS-based Unified VRM provides a solution for IT professionals to manage security threats. Using Big Data, it generates a prioritized list of what security issues need to be addressed, and how to address them.

The stats
    • Founded in 2009
    • Headquartered in New York
    • Works with infrastructure both on premises and in the cloud
The experience

The NopSec Unified VRM system helps bank security experts sort through the massive amount of data about security threats, and suggests actions to protect against the threats. Its holistic approach on security can be broken down into four steps:

    1. Identify threats
    2. Explore details
    3. Discover solutions
    4. Create reports 

Step 1: Identify threats

The first step is to identify specific vulnerabilities. The dashboard below provides an overall picture of security risk and vulnerability that is easily digestible for everyone from the technical security professional to the CIO. It is divided into modules that correspond to different threats– external and internal.
NopSecDashboard
Step 2: Explore details
Security analysts can drill down further into vulnerabilities by searching and filtering. The case below shows results filtered by “Top Exploited.”  Other filters, listed on the left-hand side in the graphic below, include criteria for geographic location, available patches, top trends, etc.
Once experts find the individual threats that interest them, they can view a summary description of each case. The graphs along the top provide an overall view of the risk factor, operating system, and location of each threat that matches the search criteria.
NopSecAnalytics_TopExploited
Step 3: Discover solutions
Identifying and understanding the security threats is only part of the equation. The crucial piece is solving the vulnerabilities. To do this, Unified VRM prioritizes the most dangerous and relevant threats by ranking them by importance.
Remediation recommendations are listed next to each vulnerability, along with the number of assets it affects. In the example below, the Microsoft Remote Desktop Protocol Remote Code Execution Vulnerabilities affect 134 assets, so it is ranked as the number one issue to fix. Dividing the bank’s security into manageable pieces helps security professionals know what to focus on.
NopSecInternalNetwork_RiskRankings
In addition to simply advising remediation, the platform has a social aspect that allows for team collaboration. Users just select others they would like to involve in the conversation, and everyone has the ability to comment on the solution.
Step 4: Communicate via reports

To communicate issues and progress with everyone from executives to other technical experts, NopSec provides a reporting tool. It offers four options that tailor the information in the report to the appropriate level for different intended audiences:

    • Executive, for a high level status view
    • Technical, for a more detailed view with technical specifications
    • Full, for a complete view
    • Customized, for an overview mixed with details 
NopSecReport
Benefit to banks
The largest benefit NopSec brings to banks is the ability to proactively secure their systems. By identifying and prioritizing major security threats that affect hundreds of assets, banks’ technical teams can spend more time solving those issues, and less time searching for the issues.
Additionally, the Unified VRM system takes the institution’s security a step above what government regulations require, since they are often times too generic and not applicable to every environment.

Share this:

Send Post Twitter LinkedIn Facebook

Quantopian Raises $15 Million, Launches Crowdsourced Hedge Fund

Quantopian Raises $15 Million, Launches Crowdsourced Hedge Fund
By David Penn Posted on
Categories: Quantopian

Thumbnail image for Thumbnail image for QuantopianLogo.jpg

Two big announcements from algorithmic trading and investing platform Quantopian are reminding us that there is more than one way to “robo-invest.”

First up is the $15 million the company raised in a Series B round led by Bessemer Venture Partners. Existing investors Khosla Ventures, Spark Capital, and Wicklow Capital also participated. CEO and Founder John Fawcett said that the capital will support further product development and potential expansion.

The investment takes Quantopian’s total capital to $23.8 million.
QuantopianHomepage
It’s hard to upstage a $15 million investment. But Quantopian’s second announcement of the week – its decision to launch a hedge fund driven by the investing algorithms of the platform’s best and brightest – may prove to be a more important development for the longer-term future of the company.
The Quantopian Managers Program will provide top-performing quant investors with trading capital. Users of the platform have been able to live trade their algorithms since the beginning of the year, and this latest initiative will give Quantopian’s most talented developer-investors the opportunity to benefit even further from their work.
QuantopianHome_Fund
Those applying for the program will need a six-month minimum track record on the platform. Quantopian hopes to invest up to $1 million in each of the selected algorithms, with the developers earning a share of the investment returns.
Quantopian was named one of America’s Most Promising Companies for 2014 by Forbes, one of five Finovate alums to make this year’s list. Founded in 2011 and headquartered in Boston, Massachusetts, Quantopian demonstrated its Live Trading platform at FinovateSpring 2013 in San Francisco.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– October 17, 2014

By David Penn Posted on
Categories: Emida, Google Cloud Platform, MasterCard, Nymi, Patch of Land, Quantopian, SeedInvest
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPatch of Land turns to SeedInvest in public fundraising effort for its seed round.
  • Quantopian raises $15 million in Series B round; launches crowdsourced hedge fund.
  • MasterCard teams up with Zwipe to launch credit card with fingerprint-based authentication.
  • Arroweye Solutions increases payment card security against hacking threats.
  • Emida partners with Defense Mobile to distribute its mobile solutions through Emida’s network of distributors.
  • BlogTO looks inside the offices of Nymi during an open house.
  • Google Cloud Platform launches simpler billing.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Debuts: eSignLive by Silanis

Finovate Debuts: eSignLive by Silanis
By David Penn Posted on
Categories: Silanis Technology
eSignLive2014

Finovate Debuts is a blog series to introduce new Finovate alums. Today’s feature is Silanis, which demoed eSignLive Use Your Own Device at FinovateFall 2014.

eSignLive Use Your Own Device by Silanis

Silanis is one of the biggest service providers in the banking and lending e-signature market. Banks, credit providers, insurers, and government agencies use the company’s electronic signature platform to the tune of more than 600 million documents processed annually. 

eSignLiveHomepage
The latest innovation from Silanis, eSignLive Use Your Own Device, turns smartphones into signature capture devices without requiring an app download or expensive in-branch hardware. The technology “solves the final barrier” of transactions that demand a full, handwritten signature, according to Silanis, and enables financial institutions to deliver the same kind of customer experience that retailers offer.
The Stats
  • Founded in March 1992
  • Headquartered in Montreal, Quebec, Canada
  • Tommy Petrogiannis is CEO and Co-Founder
  • 100 employees
  • Processes more than 600 million documents a year
  • Customers include four of the top 10 banks in North America, eight of the top 15 insurers, and the U.S. Army
  • Named Leader in Customer Satisfaction by enterprise review site, G2 Crowd in 2013 and 2014
  • Won IBM Beacon Award for Best Industry Solution for Banking in 2013
  • Launched eSignLive Use Your Own Device in September 2014

The Story

Silanis specializes in providing electronic signature services – and their client list is impressive. The Joint Chiefs of Staff have been using the platform since 1997. GMAC went paperless with its global operations in 2001 courtesy of the e-signature platform from Silanis. And just one of the company’s clients, a “top 5 US bank” with more than $300 billion in assets reports processing more than 35,000 e-sign transactions every day since deploying the technology at all 3,000 retail branches in 2011.
eSignLiveForm2
This has meant:
  • An 80% reduction in document handling costs (savings in the millions of dollars)
  • A 90% reduction in loan exceptions
  • More than 90,000 hours of bankers’ time reallocated toward increasing loan sales
The bank also reported that the Enterprise edition of eSignLive helped them exceed compliance regulations, make back office operations manuals obsolete, and improve the overall banking experience for their customers.
Still, there has been a region of the e-signature world that has eluded Silanis up until recently. For those transactions that require a full, handwritten signature, the options for many institutions have been bleak. Typically, there is little alternative other than to require customers to go to a brick and mortar location, even though the application started online. Proprietary e-signature hardware is expensive, often prohibitively so for smaller community FIs.
The Innovation
Silanis solves both the multi-channel and cost issues by turning the customer’s own smartphone into a signature-capture solution. The e-signatures created by this “operating system agnostic” Use Your Own Device approach are legally-enforceable transactions with an audit trail and “signing ceremony” captured, as well. Authentication and delivery to the back end for processing are fully integrated. There is no need to buy expensive e-signature hardware and no apps for consumers to download.
Finger-Mobile
With eSignLive, the Holy Grail of 100% remote account opening is now possible, according to Silanis. It is ironic that the most fundamental of banking services – customer onboarding – has been the most resistant to technology innovation. By focusing on the issue of the handwritten signature requirement, Silanis directly targets one of the main reasons for this particular pain point.
From the user’s perspective, opening an account with the technology is straightforward. Signees access the platform from a browser, rather than downloading an app. After completing an electronic disclosures and signatures consent document, the customer fills out the form as she would ordinarily. 
The technology recognizes if the applicant is using a touchscreen device. If not, when it’s time to sign, a gold “Sign with your mobile phone” button appears below the signature capture field. Click here and an email or SMS message is sent to the applicant with instructions on how to complete the transaction. The applicant opens the email or SMS on the touchscreen device, clicks on the link provided, and then traces her signature with a finger or stylus in the signature field. Click “Continue” and the applicant’s hand-drawn signature is added virtually to the document.
Once the user confirms that everything is accurate, the document is sent to the FI’s processing. Applicants can download and print the document for their own records.
LaptopMobile-Photo
For the FI, eSignLive provides cost-savings from fewer errors and reduced document handling, costs of scanning, faxing, couriers, and postage. 
Additionally, the technology also gives FIs a number of valuable customer insights, ranging from where customers complete transactions,
where they are dropping out, and how to selectively market different programs to their customer base.
eSignLive’s Use Your Own Device is available on the Integrated and Enterprise editions. Both are on-premises deployments rather than solely SaaS, and include additional features such as advanced forms, reports, and dashboards; branding customization; and, in the case of Enterprise, a completely customizable GUI, workflow and advanced authentication.
The Future
What should we look forward to when it comes to Silanis? With the launch of eSignLive in September, new deployments are at the top of the list. And 2014 already has been a good year in this regard: the company launched a new partnership with AgencyPort Software in October, teamed up with loan management software specialist Calyx Software in August, and has been providing e-Signature services for Royal Bank of Canada (RBC) since the beginning of the year.
Even more worth watching may be the company’s theory that technologies like this will enable FIs to become truly “virtual banks”, 100% divorced from the brick-and-mortar branch. But to the extent that eSignLive Use Your Own Device, makes on boarding new customers an easy and seamless process, the technology may be just as liberating for “non-virtual” FIs as it promises to be for those banks trying to go branchless.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– October 16, 2014

By Julie Muhn (@julieschicktanz) Posted on
Categories: Behalf, Betterment, Jumio, Lending Club, Motif Investing, PhotoPay, Quantopian, ReadyForZero
  • Finovate-F-Logo.jpgFidelity to offer Betterment to 3,000 financial advisers who use its institutional wealth services division.
  • Lending Club named winner of The Economist’s annual Innovation Awards in the consumer products category.
  • TechCrunch reports: Sequoia-Backed Behalf Buys Stuff For Small Businesses Looking To Grow.
  • ReadyForZero PLUS Credit now shows credit scoring factors.
  • FT column on technology and banking features PhotoPay.
  • Pando Daily takes a look at Quantopian’s plan to launch a hedge fund.
  • Jumio teams up with Ribbit.me to build ID verification process for RibbitRewards marketplace.
  • Motif Investing iOS app adds account access with Apple TouchID.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News– October 15, 2014

By David Penn Posted on
Categories: Betterment, Handpoint, Interactions, Kony Solutions, Silanis Technology, Spreedly
  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgPYMNTS: Karen Webster interviews Spreedly CEO Justin Benson.
  • Finovate alums dominate alternative lending section of Bplans’ “35 Great Ways to Fund a Small Business.”
  • Check out our latest CEO Interview: Mike Iacobucci of Interactions.
  • Betterment launches Betterment Institutional to bring its technology to registered investment advisors.
  • G2 Crowd Gridscape at Dreamforce ’14 shows eSignLive by Silanis earning highest customer satisfaction rating.
  • Kony receives Global Information Security Certifications for Enterprise Mobility Solutions.
  • Iceland’s Snorrason acquires Handpoint merchant portfolio.
This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Share this:

Send Post Twitter LinkedIn Facebook

Banks Gear Up (or not) for Upcoming Apple Pay Release

By Jim Bruene Posted on
Categories: Apple, Mobile Payments

image If all goes well, some time within the next week Apple Pay will be up and running. Short-term it won’t cause a ripple in market share or consumer behavior (see previous post), but long-term it is likely to be seen as an important mobile-payments milestone.

Regardless, I look forward to using it. But with only a couple contactless terminals in my usual Seattle haunts, I guess I’ll be buying lots of coffee at Peet’s and Tully’s while I test it.

But I digress.

imageThe subject for today is what banks are and aren’t doing to ride on Apple’s mobile coattails. There has been little FI marketing so far, other than PayPal’s NY Times full-pager poking fun at it (15 Sep 2014, see inset). And some media buys from Visa and MasterCard.

Eleven financial institutions were named on 9 Sep 2014 at the official launch of Apple Pay: Six major launch partners listed below and five “coming soon” issuers (see note 1).

The big six have been almost silent since the first week when four of the six issued press releases, emailed customers (note 2) and/or posted promos on their websites.

Issuers may now be gearing up their marketing machines, which were caught relatively unaware last month, due to Apple-prescribed secrecy, for a pre-holiday Apple Pay push. However, I would not be surprised if major issuers, who’ve already seen contactless card-usage fizzle, take a wait-and-see approach for the remainder of 2014.

In any event, it will be interesting to watch. 

_________________________________

Apple Pay FI launch partner marketing to date
_________________________________

American Express 
   Press release: No
   Email: None reported
   Website promotion: None reported
   Website site search: Nothing listed

Bank of America
   Press release: No
   Email: One reported by The Financial Brand (link) though I did not receive it    
   Website promotion: Nothing now, but promo reported at launch by Jim Marous in The Financial Brand
   Website site search: Links to landing page (link)

Capital One
   Press release: link
   Email: One sent to my consumer account (12 Sep 2014)
   Website promotion: None reported
   Website site search: Nothing

Chase
   Press release: Quoted in Apple’s official release (link)
   Email: One reported by MediaLogic (link) though I did not receive it    
   Website promotion: Nothing now, but promo reported at launch by The Financial Brand
   Website site search: Nothing

Citibank
   Press release: link
   Email: None reported
   Website promotion: Nothing now, but promo reported at launch by The Financial Brand
   Website site search: Nothing

Wells Fargo
   Press release: link
   Email: Two sent to my consumer account (11 Sep and 19 Sep 2014)
   Website promotion: Nothing now, but promo reported at launch by The Financial Brand

   Website site search: Nothing

______________________________

Second wave issuers
______________________________

Perhaps because they are smaller and must try harder, three of the six next-wave Apple Pay issuers (note 1) have promos running on their websites today:

Barclaycard homepage (one of three promos in rotation)

image

PNC Bank homepage (in lower left corner)

image

US Bank homepage (one of three promos in rotation)

image 

———————

Notes:
1. The five other issuers mentioned at the Apple launch were: Barclays, Navy Federal Credit Union, PNC, US Bank, USAA. Yesterday, Arvest Bank announced it was supporting the system as well.
2. Despite having 10 card accounts (four business and six personal) across the six launch partners, I have received emails only from two (Wells Fargo on 11 & 19 Sep 2014 and Capital One on 12 Sep 2014).

Share this:

Send Post Twitter LinkedIn Facebook