Dynamics Certified as Payment Card Production Vendor on MasterCard Network

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Dynamics, creator of the next-generation payment card, announced today that it has been certified as a payment card production vendor on the MasterCard network.

This certification enables the next-generation MasterCard cardholders to be offered special spending, security, and personalization options:

“MasterCard cardholders, for example, could push a button that allows them to pay with loyalty points instead of their credit account. Buttons also could be used to require someone to enter a personal unlocking code to authorize a payment, adding another layer of security.”

In addition, the certification means that the Dynamics production facility meets MasterCard requirements.

To learn more about Dynamics, watch its FinovateSpring 2012 demo.

Go Daddy Acquires Outright.com

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Outright, a company that streamlines the process of running a small business, announced yesterday it has been acquired by Arizona-based Go Daddy.

The acquisition will help Go Daddy extend its reach into a larger range of services and use Outright’s Mountain View office as a hub for its Silicon Valley presence. Go Daddy’s reach of over 7.5 million small businesses will give Outright the opportunity to expand its user base of 200,000.

On its blog, Outright makes it clear that its service will remain the same for the end-user.

The terms of the deal were not disclosed.

To learn more about Outright, watch its FinovateFall 2010 demo.

Finovate Alumni News– July 19, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgCredit Karma releases Free iPhone App.
  • PayPal acquires mobile credit card scanning startup, Card.io.
  • Bazaarvoice to raise $131 million for working capital by selling 8.5 million shares of stock.
  • WSJ blog looks at BillGuard’s experience at the NY FinTech Innovation Lab.
  • JD Supra reports SecondMarket provides new liquidity options for startup investors & employees.
  • Business Insider reports Tuition.io aims to help students better manage college loan debt.
  • The Greenfield Daily Reporter conducts case study on The Receivables Exchange.
  • Wired UK features Nutmeg as startup of the week.
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.

Apply to Demo at FinovateAsia 2012

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We were very excited when we announced the inaugural FinovateAsia (Nov 6, Singapore) a few months back. Since then, our excitement has only grown as the event has started building some great momentum.

The audience is growing strongly with senior executives from leading organizations like ANZ, Commonwealth Bank, Hitachi, IDC, Mastercard, MayBank, and Microsoft committed to attend.

We’ve added two new high-quality sponsors, Citi Ventures & Standard Chartered, to our long-term sponsor The Bancorp, and are talking to several other top-notch organizations about supporting the event.

Finally, we’re seeing strong interest from across Asia and around the globe from innovative fintech companies that want to showcase their latest and greatest on stage at the event. If you’d like to apply to demo your company’s newest fintech innovation at the event, please email us at demo@finovate.com for more details.

And, if you’d like to attend and watch the cutting-edge for Asian fintech debut via our fast-paced, demo-only format, tickets are now available at the low super early-bird price of S$695 on the FinovateAsia website.

Thanks and we hope to see you in Singapore in November!

FinovateAsia 2012 is sponsored by: The Bancorp Inc., Citi Ventures & Standard Chartered

FinovateAsia 2012 is partners with: BankInnovation, BankerStuff, Celent, Finance on Windows & PYMNTS.com

FinovateAsia Gathers Momentum — Apply to Demo!

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We were very excited when we announced the inaugural FinovateAsia (6 Nov 2012, Singapore) a few months back. Since then, our excitement has only grown as the event has begun building solid momentum.

The audience is burgeoning with senior executives from leading organizations like ANZ, Commonwealth Bank, Hitachi, IDC, Mastercard, MayBank, and Microsoft committed to attend.

We’ve added two new high-quality sponsors, Citi Ventures & Standard Chartered, to our long-term sponsor The Bancorp, and are talking to several other top-notch organizations about supporting the event.

Finally, we’re seeing strong interest from across Asia and around the globe from innovative fintech companies eager to showcase their latest and greatest on stage at the event. If you’d like to apply to demo your company’s newest fintech innovation at the event, please email us at demo@finovate.com for more details.

And, if you’d like to attend and watch the cutting-edge for Asian fintech debut via our fast-paced, demo-only format, tickets are now available at the low super early-bird price of USD$695 on the FinovateAsia website.

Thanks and we hope to see you in Singapore in November!

FinovateAsia 2012 is sponsored by: The Bancorp Inc., Citi Ventures & Standard Chartered

FinovateAsia 2012 is partners with: BankInnovation, BankerStuff, Celent, Finance on Windows & PYMNTS.com

PayPal Acquires Mobile Credit Card Scanning Startup, Card.io

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Yesterday, PayPal announced it acquired its partner,card.io, a startup that enables users to capture their credit card information by using a smartphone to snap a picture of their card.

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While the eBay-owned company is already using card.io’s technology to power PayPal Here, as a part of the acquisition card.io employees will immediately begin working for PayPal.

Card.io powers Uber, LevelUp, TaskRabbit, and other applications, and the current card.io iOS and Android SDKs will remain available for developers to use in their own applications.

The financial details of the deal were not disclosed.

To learn more about PayPal, watch its FinovateEurope 2012 demo.

Credit Karma Releases Free iPhone App

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Free credit score and credit monitoring platform, Credit Karma, released its free iPhone app, Credit Karma Mobile, today.

Users can download the app and, within minutes, register to get their credit score information on their iPhone. FeaturesMobileCreditScore.jpginclude:

    • Free credit scores
    • Free on-the-go credit monitoring
    • Notifications when something important changes in your credit report
    • Credit report card, which tells you about factors influencing your credit score
    • Free membership. No credit card required.

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To learn more about Credit Karma, watch its FinovateStartup 2009 demo.

Finovate Alumni News– July 18, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgInComm launches prepaid products in Brazil, partners with Peela.
  • Dwolla re-launches developers portal to make it more user friendly.
  • PC Mag recommends Dashlane to protect your password.
  • Number of small business owners using Lendio increased by 12x YOY in Q2.
  • ProfitStars announces remittance solutions for its relationship with the Independent Community Bankers of America (ICBA).
  • Rumors suggest Xero to announce acquisitions at annual conference.
  • Bill.com recognized as a JMP Securities “Hot 100” Software Company for third consecutive year.
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.

Mint Launches Mac App: Mint QuickView

imageI’ve been a big fan of apps ever since I first pressed the weather button on the iPhone in 2007. After 12 years of http://www.blahblah.com/blah.htm, it was refreshing to just press a button and get the necessary information quickly, perfectly rendered and distraction free.

So I like Mint’s latest move, putting a similar user experience onto the desktop (see note 1) with an app for the Mac (link) that provides a quick overview of balances, transactions and alerts (see email announcement below).

Once installed, Mac users simply click on the Mint icon on the top and/or bottom of their desktop, and it immediately opens to a display of the latest balance-and-transaction info. Like iPhone apps, the icon also shows the number of unread alerts on the badge (see first screenshot). 

Other novel features:

  • A search bar along the top of the transaction search
  • Optional password protection: You can choose to look at your data without logging in (after the first time)
  • Timed password protection: Users can select how long they can look at the data before the password prompt is shown  

I’ve used it for only a few minutes, but it looks like it will become my primary method of accessing Mint. Unless you need to run a report, it has most of what you need available immediately, shaving 30 to 40 seconds or more off the time to retrieve info from the full website version.  

image Bottom line: Mint is the first PFM or banking app to hit the Mac store, beating all the major financial brands to the punch. And it’s been rewarded with “featured app” status which has propelled it to the very top of the Free Apps ranking in the Mac App Store (see inset above).

Because it raises the bar in the delivery of banking info, we are bestowing it with our fourth OBR Best of the Web award for 2012 (see note 2). 

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Mint QuickView app pops up after clicking on icon along the top

Mint QuickView uses dropdown from top icon on Mac


Transaction search from top line

Mint QuickView features prominent transaction search

Net income view

Mint QuickView


Email from Mint announcing Mac QuickView
(16 July 2012)

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Notes:
1. We wrote about moving online banking info to the PC desktop in our Online Banking Report in 2002 (subscription).
2. Since 1997, our Online Banking Report has periodically given OBR Best of the Web awards to companies that pioneer new online- or mobile-banking features. It is not an endorsement of the company or product, just recognition for what we believe is an important industry development. If anyone knows of other financial institutions offering a similar feature, let us know and we’ll update the post. In total, 86 companies have won the award including Mint in 2007. Recent winners are profiled in the Netbanker archives.

Dwolla Relaunches Developers Portal to Make it More User Friendly

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Earlier this week, TechCrunch featured the recent relaunch of Dwolla’s developers portal site.

Launched last week, the site was renamedIntegration Portal to reflect the accessibility to tech developers and non-tech users alike.

Visitors to the Integration Portal are faced with two options to identify themselves:

1) I can code: You know the difference between Java and Javascript, and just want to dive into our API documentation.

2) I don’t code: You’re a non-technical executive, the master of partnerships and product, and want to know why Dwolla is right for you.

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According to Dwolla’s blog post, selecting the option I don’t code won’t teach you how to code, but it will provide an easy-to-understand rundown of Dwolla and what an integration could mean for your company.

To learn more about Dwolla, watch its FinovateSpring 2012 demo.

InComm Launches Prepaid Products in Brazil, Partners with Peela

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Prepaid and payment solutions company, InComm, announced the launch of its prepaid products in Brazil in addition to a partnership with Peela.

InComm will offer prepaid products in a variety of entertainment brands, including:

    • Rock Laser Games
    • Geek.Etc.Br by Livraria Cultura
    • Saraiva bookstore

In addition, it will expand its product line in the future with other popular Brazilian retailers.

The Austin-based company also announced a partnership with Peela, a Brazil-based issuer of prepaid entertainment cards. As a part of the partnership, InComm will market their products, including:

    • Cards for Internet courses
    • Magazine subscriptions
    • Credits for online games and e-retailers
    • Credits for children’s game, Mundo do Sitio

To learn more about InComm, watch its FinovateFall 2011 demo.