Finovate Alumni News– February 1, 2013

  • Finovate-F-Logo.jpgDallas Business Journal reports PayTap helps split bills among friends, family.
  • Taulia to provide e-invoicing and supplier self-services to real estate market.
  • Ping Identity announces annual bookings grew more than 50% for the third consecutive year, cites other growth metrics.
  • Locaid to provide geofencing, location authentication for GTECH.
  • Nationwide shares pointers on how to use eDeposit.
  • ACI Worldwide announces winners of its 2013 Excellence Award.
  • Bazaarvoice to help UK furniture retailer Harveys execute social media strategy.
  • CurrencyFair wins “Start up of the Year” in The Next Web’s Irish Startup Awards competition.  See them demo at FinovateEurope in London!
  • In this Forbes piece, BankersLab CEO and Co-Founder Michelle Katics gives a crash course on what it’s like to take a startup global.
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.

Finovate Alumni News– January 28, 2013

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSaveUp begins Stamp Card rewards program. Collect 10 stamps and redeem card for reward.
  • Chargebee blog features Braintree as a payment gateway integration optionin the U.K.
  • Firmology reports on new Dwolla features: Send Money to Non-Dwolla Users and Split Payments for Multiple Facilitators.
  • eToro launches YouTube channel for free trading lessons.
  • The M Report features BankersLab’s Banc-it: Scoring Edition app.
  • Dexter Credit Union implements Q2ebanking’s full suite of eBanking solutions.
  • Locaid partners with CAMS to provide solutions for mobile gaming industry.
  • Jingit chooses Direct Source as its preferred systems integration partner.
  • Compare Broker reviews the latest developments in the Zecco/TradeKing merger.
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.

BankersLab Launches New Android App to Support ScoringLab

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BankersLab, the company that gamifies training for bankers, recently launched a new Android app, Banc-it: Scoring Edition.

The app supports ScoringLab, a training product intended to help bankers improve their knowledge of credit risk scores. The gamification aspect of the app increases user engagement for an effective training experience.

Banc-it, the new app, tests users’ knowledge of:

    • Credit scoring data
    • Credit score usage
    • Model development 
    • Credit monitoring
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The app, priced at $4.99, is available for Android devices in the Google Play store. BankersLab will release the iOS version next month.

To learn more about BankersLab, watch its FinovateAsia 2012 demo.

BankersLab Launches ScoringLab, Flight Simulator for Bankers

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Then, BankersLab showcased ScoringLab:

“ScoringLab is simulation-based classroom training for bankers that addresses the usage of credit scores in retail banks. In ScoringLab, players are pitted against each other to operate virtual banks. That’s right – flight simulators for bankers! Although scores are used globally, it can be difficult to diagnose and understand customer trends, shifts, and impacts to model efficacy. 

First, players must make portfolio underwriting decisions, and as the portfolio matures, manage the effects of external influences on customer behavior and model performance. The challenge is to run the most profitable bank with the most satisfied customers. May the best team win!”

Product Launch: November 2012
HQ: San Diego, CA, USA 
Founded: April 2011
Metrics: Global Headquarters – San Diego, California; Asian Headquarters – Bangkok; Additional Offices – Dubai, Sao Paolo, Seoul; Number of Employees – 10; Investors – Private, Founders Capital; Money Raised – $300,000; Products Introduced: CreditLabTM introduced at FinovateSpring 2012; ScoringLabTM & Banc-itTM: Scoring Edition to be introduced at FinovateAsia 2012; CollectionLabTM to be introduced in October 2012
Twitter@BankersLab
Finovate demo video: Demo videos will be posted next week
Introducing Michelle Katics (CEO) and Kurt Gingher (CTO)

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FinovateAsia 2012 Sneak Peek: Part 1

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For our first ever FinovateAsia conference, we’ve selected 36 leading innovators to take the stage in Singapore on November 6.
Each company provided a sneak peek of what they’ll demo next month. Below is the first installment of these teasers. We’ll have more next week.
Don’t miss your chance to see the live demo from each company and be a part of our inaugural FinovateAsia conference. Get your ticket here.
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Airline pilots train in flight simulators, known to be one of the most effective training methods. After the financial crisis, isn’t it about time your risk managers have access to the best training techniques?
BankersLab offers training products designed to enhance a banker’s ability to develop and test strategies in a range of real-world market conditions. Utilizing a blended learning model, BankersLab integrates numerical simulations, scenario games, the gamified classroom, and m-learning for optimal understanding and knowledge retention. 
BankersLab’s comprehensive suite of products suits all skill levels; ensuring your teams are the best trained in the industry.
Innovation type: Cards, lending, payments

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BellaDati launches BellaDati agile analytics and reporting cloud tool for financial data analysis. 
BellaDati reinvents the way business users can interact with data. BellaDati will introduce features like GEO analytics, mobile reporting BellaDati Piccolo or social network for business data analysis. All this topped with easy connectivity to various data sources. Stay tuned to the new wave of business analytics inspired by gorgeous Isola Bella island located close to the Sicilian coast. 
Innovation type: Back office, mobile, sales

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Bank lending to thin-and no-file small businesses in emerging markets is a billion dollar opportunity – yet traditional lending requirements make it inefficient and expensive. EFL’s Credit Screening Tool, which uses non-traditional data such as psychometric principles that statistically relate entrepreneurial qualities such as intellect, business acumen, ethics, attitudes and beliefs to credit screening, makes lending scalable and profitable. 
EFL will show how seamlessly its partners have integrated Credit Scoring Tool to their existing lending processes to increase their loan portfolios by over 100% and decrease defaults by over 40%.

Innovation type: Banking, identity, lending

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Fiserv will demonstrate its world leading mobile banking platform – Mobiliti – used by over 1,000 banks and credit unions around the world. The focus on the demo will be on Mobiliti Reach – a product to help banks profit from servicing underbanked and unbanked market segments.
Innovation type: Back office, mobile, payments

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Heckyl FIND is a simple and yet powerful platform which integrates real time news, analytic, and sentiment mining in your trading terminals.
Heckyl FIND provides the first and a very powerful enterprise social trading terminal enabling your analyst to collaborate in real time with Traders, exchange great ideas, trading insights and empower your Traders with all the information to take the next action, here on Heckyl Dashboard.
Heckyl FIND is exclusively for financial institutions, brokerages and the trading community to get access to real time trading ideas, research reports, economic alerts and much more.

Innovation type: Investing, online UI, PFM

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Innovation Café is an advanced crowdsourcing innovation platform for companies to engage their innovation communities. It is highly configurable and able to provide for both private and public ecologies, as well as emergent and structured innovation approaches. 
Innovation Café is a lightweight platform with advanced white labeling, and custom theme capabilities. It has the ability to integrate with different systems and provide detailed reporting. Crowdsourcing and community collaboration are used to focus the attention on business objectives, enhanced through idea challenges.

Innovation type: Banking, mobile, online

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Get peace of mind knowing that your company’s financial mobile app is secure. Metaforic technology stops malware and hackers in their tracks. See live, an attempted malware attack on a mobile app and the technology that st
ops it.
Innovation type: Security

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With fewer people going to branches due to the convenience of internet, it weakens banks’ ability to acquire, develop a face-to-face personal relationship and recommend relevant products to their customers. 
Users are also spending very little time on internet banking due to a very transactional “touch-and-go” behavior. So how do you get the right customized products to the right customer at a time when they most need it?
Innovation type: Marketing, PFM, rewards

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Sandstone will be showcasing its ‘next generation’ consumer banking solution combining internet and mobile banking, personal financial management and loan origination capabilities to form a powerful end-to-end customer acquisition and retention tool.
Building on the “anytime, anywhere” capabilities of emerging tablet and smart phone platforms, Sandstone will show how consumers can interact with their bank for a range of integrated banking services.
For example, we will demonstrate the customer’s experience of finding and purchasing a new home, including property suggestions based on their savings, property selection, valuation, credit assessment and loan approval – all in real time from any device
Innovation type: Lending, marketing, PFM

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Strands Finance is presenting new “What If” functionality that takes PFM historical data and makes it relevant for the future. Users will gain greater insight and control of their financial health with little to no effort. 
For banks, the data is invaluable to better advise their customers. Strands has developed and leveraged pattern identification algorithms that help model future scenarios and the impact to the user’s short-term cash flow to long-term net worth.
Innovation type: Mobile, online, PFM

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The 21st century customer is all about the experience. 
To be ahead of competition, retailers and banks need to drive revenue through new channels and differentiate themselves through unique customer experiences to build loyalty. With the combination of time, relevance, and behavior, TIBCO offers an integrated solution linking the end-users, retailers and banks – anytime, anywhere.
Innovation type: Mobile, payments, rewards

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Wipro will debut its Wipro SmartOffers solution at FinovateAsia 2012. The innovation provides bank customers with Digital Offers which can be redeemed at merchants for availing benefits/discounts at the time of purchase. These offers may be merchant-or-bank-funded at the bank’s preference. 
The solution is different from the aggregator-centric models currently in practice in the market, championing the bank centric offer model. Wipro’s solution gives the power back to the banks, by making them the center of the Digital Offers Universe. By making the entire offer landscape bank-centric, banks reap the benefits hereto left for aggregators.
Innovation type: Banking, rewards

Finovate Alumni News– October 16, 2012

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgArctic Startup reports: Holvi’s Banking Service Used To Provide Open Budgets For Political Campaigners.
  • VentureBeat features BankersLab’s new CollectionLab simulation game.
  • Team Capital Bank partners with SecondMarket.
  • InComm acquires On-Line Strategies, a software & services company.
  • AT&T signs a multi-year, sole provider agreement for Fiserv’s CheckFreePay walk-in bill payment service.
  • Australian IT reports MyCyberTwin plans to expand into mass uptake market after setting out to prove itself in the enterprise sector.
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.

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FinovateSpring 2012 in the Press

Here’s a look at press coverage from FinovateSpring 2012 in San Francisco last week. For comprehensive coverage, be sure to check out Erin McCune’s live blog on PaymentsViews, which covers all 63 presenting companies:

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2 Minute Finance
2MF @ Finovate Spring 2012 Conference
by Bobby Lee
Link

BillGuard Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Cardlytics Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Concur Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Flint Mobile Demo @ Finovate Spring 2012 Conference (Day 2)
by Bobby Lee
Mitek Systems Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
TIO Networks Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
WattzOn Demo @ Finovate Spring 2012 Conference (Day 1)
by Bobby Lee
Bank Innovation
5 Finovate Demo-ers’ News Catching Our Eye
by Mary Wisniewski

4 More Finovate Products We Like
by Mary Wisniewski

Bank Technology News
Best of Finovate Spring Day 1
by Penny Crosman
Best of Finovate Spring Day 2
by Penny Crosman

Dwolla Pitches Fast Fund Transfers, but Bank Participation is Vital
by Sean Sposito
Edo to Harness Payment Data to Spur Consumer Spending
by Victoria Finkle

WattzOn Helps Banks Help Customers Save on Energy Bills
by Sean Sposito

BankersLab Blog
CreditLab Launch: Reactions and Responses

BankNXT
Finovate, Simple, and Re-Imagining Banking Applications
by Bradley Leimer
Live at FinovateSpring 2012- day 1
by Jelmer de Jong
Live at FinovateSpring 2012- day 2
by Jelmer de Jong

BetaKit
CoverHound Debuts Comparison Tool for Auto Insurance 
by Cheronne Thurab 

Business Insider
Finally, a Mobile App That Helps You Save Money: Meet Urge
by Willy Staley

Business2Community
What Does $4.6 Billion in Coupon Savings Have to Do with Savvy Consumers?
by Andre Bourque

C’est pas mon idée!
FinovateSpring 2012: quoi de neuf?
by Patrice Bernard

Currency Marketing Blog
Four Conference in Four Days
by Tim McAlpine

Credit Union Times
MoneyDesktop Named Best of Show at FinovateSpring Conference
by Natasha Chilingerian

Daily Disruption
Flint Mobile Announces Beta Launch at Finovate and Closes $3 Million Round of Financing
by Tim Rygh

The Daily Guardian (BillGuard’s blog)
Financial Community Awards BillGuard Best Of Show at Finovate
by Maryanne

DCisions Blog
DCisions at Finovate Spring 2012
by Kritika Ashok

Des Moines Register 
Dwolla offers software for free
by Adam Belz

Des Moines Register Blog
Dwolla, Social Money earn praise at national banking conference
by Marco Santana

Exc
elsior
Kuspit, el primer Finovate mexicano
by Alicia Salgado

Experian Blog
Business IQ Express… what is the media saying?
by Roslyn Whitehurst 

FamZoo Blog
Finovate Winners
by Bill Dwight

Finextra
Flint taps phone cameras for card payments
SoMoLend closes $1.17 million seed round

Forrester Blog
Finovate Spring 2012: Digital Financial Services Innovation
by Tiffani Montez

FP Pad
[Video Spotlight] inStream Solutions CEO Alex Murguia at FinovateSpring 2012
by Bill Winterberg
[Video Spotlight] iQuantifi CEO Tom White at FinovateSpring 2012
by Bill Winterberg
[Video Spotlight] Sarah Carter of Actiance at FinovateSpring 2012
by Bill Winterberg

Iconowatch
Accelerating Innovation at Finovate 2012
by Hans Eisenbeis
Investment News
Personal Capital launches iPhone app
by Davis Janowski
Lazy Man and Money
What’s Hot and What’s Not from Finovate 2012
Mercury News
Money Goes Mobile 
Montreal Gazette
Montreal’s Wall Street Survivor teaches about investing
by Jason Magder
MyBankTracker
Can FinTech Stop You from ‘Showrooming?’
by Willy Staley
MoneyDesktop: How Personalized Deals Shine in PFM Tools
by Simon Zhen
Save Your Wallet, and Maybe the Planet, with WattzOn
by by Willy Staley
On Deck Capital Blog
Photo Journal: Our Finovate Demo
PaymentsNews
Highlights from Finovate Spring 2012 San Francisco 
PaymentsViews
Live Blogging Finovate Spring 2012 San Francisco
by Erin McCune
The Paypers
ZipZap rolls out CashCade payment service
PaySimple Blog
PaySimple at Finovate
by Sarah Jordan
PC World
New Web Apps and Services for Business
by Yardena Arar
QuidLabs
Finovate Best in Show
by Aliisa Rosenthal
SecurityPark.net
BehavioSec voted ‘Best of Show’ for biometric solution by audience at Finovate Spring, San Francisco
Silicon Prairie News
With upgraded FiSync, Dwolla cuts 3-5 day wait to real-time
by Michael Stacy
Silver Tail Systems Blog
Finovate Spring Demonstrates a Growing Richness in Online Interactions
by Laura Mather
Social Lending Network
Roundup of Social Lending News – May 12, 2012
by Peter Renton
TechCrunch 
Capital One Snags Mobile Savings Startup BankOns, Team Moving To Capital One Labs
by Sarah Perez
Flint: A New Mobile Payment App For Small Businesses Picks Up $3M From Storm, True Ventures
by Ingrid Lunden
How Personal Capital Wants To Bring Money Management Into The Internet Age [TCTV]
by Colleen Taylor
Nearing The 1M User Mark, Expensify Adds ‘Trips’ Feature To Mobile Apps
by Colleen Taylor
The Anti-Groupon? Edo Launches Real-Time Local Offers Platform, Tied To Your Bank Card For Instant Credits
by Sarah Perez
Tradestreaming
List Of Winners Of Top Fintech Conference, Finovate
by Zack Miller
World News (wn.com)
Instream Solutions Ceo Alex Murguia At Finovatespring 2012

BankersLab Introduces Simulation Gaming for Retail Bank Risk Managers

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Second up in this session, BankersLab demonstrated an exciting way for retail bankers to learn technical skills and concepts:

“CreditLab is simulation gaming for retail bank risk managers. The launch Web App product supports team competition in a facilitated learning environment and when offered as an institutional license, future versions will support multiplayer online competition and individual seat license. Is it e-learning? Thankfully, no. Is it Angry Birds for bankers? Regrettably, no. It is engaging, but designed to reinforce important skills and technical concepts. That’s right – flight simulators for bankers! CreditLab focuses on credit risk management skills, pitting teams against each other to make tough choices and tradeoffs with their portfolios.”

Product Launched: May 2012
HQ Location: Seoul, Korea
Company Founded: March 2011
Metrics: BankersLab is a privately held firm, with multiple institutional client sites signed prior to product launch or demo.
Introducing Kurt Gingher (CTO) and Gail Galuppo (CMO)

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FinovateSpring 2012 Sneak Peek: Part 3

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As promised, this is part 3 of the sneak peek of the companies that will demo at FinovateSpring May 8 and 9 in San Francisco. Each company provided a short summary of the innovation they will debut on stage. In case you missed them, check out Sneak Peek Part 1 and Sneak Peek Part 2.

Don’t miss the opportunity to experience the hottest innovations in financial technology. Get your FinovateSpring ticket here.

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It’s understood that the more customers interact with a rewards program, the more engaged and loyal they become. Redeeming points and receiving value makes them happy. Yet the hard costs and management of those rewards has become prohibitive for financial institutions. 
Access Development will debut PowerDeals, a micro-redemption engine that offers customers valuable rewards for a minimal number of points, resulting in more transactions. PowerDeals will help increase customer loyalty while significantly decreasing program costs and accrual liability for the financial institution.
Innovation type: Communications, marketing, rewards

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Applause Learning is changing the way children learn about money. Their unique new product, The Coindexter Club, presents financial literacy in an innovative, game-based format that keeps children entertained as they learn the core principles of financial management. The Coindexter Club immerses children in the exciting virtual world of Econopolis (found at Coindexter.com) where they are taught to earn, save, spend, and invest money.
Innovation type: Marketing

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BancBox is an infrastructure platform that helps companies build payment services into their web and mobile applications. Based on a simple API-driven approach that allows customers to maintain control of their user experience, BancBox delivers a secure, compliant and integrated way for clients to collect, store and send money from within their applications. 
BancBox also offers a unique service that assists clients in addressing the regulatory complexities of moving money in compliance with state money transmitter laws. As a trusted expert with years of payment operations experience, BancBox has opened over one hundred thousand consumer accounts and processed billions of dollars in payments.
Innovation type: Banking, cards, payments, security

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If you’ve invested in a better airplane; why haven’t you invested in the pilot? Introducing CreditLab— the flight simulator for the retail lending world. 
Focused on credit risk management skills, this dynamic training system requires players to manage their lending portfolios through stormy conditions, such as heavy price competition and an economic recession. Pitted against competitive teams, players must make tough choices, learning to anticipate portfolio management adjustments so that they can stay the course.
Innovation type: Back office, cards, lending

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Blaze Mobile develops innovative mobile commerce, healthcare, banking and advertising solutions that enable secure, convenient, cost-effective transactions and promotions from the mobile device. Utilizing its patented NFC and mobile technology, the Blaze Mobile product suite includes:
    • Mobile Wallet
    • NFC-enabling Payment Stickers
    • Blaze Mobile Advertising Platform that delivers personalized ads and coupons based on customer shopping history, location, interests, gender, and other data
Innovation type: Mobile and tablet, payments, rewards

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More than 15 million people in 100 countries trust Concur to manage their travel and expenses, and save them time. In 2011, Concur acquired TripIt, the leading mobile trip organizer that makes it easy for millions of people to organize and share their travel plans. Together, Concur and TripIt make it possible for companies to use trip data to simplify expense reports and save time. Come find out what that means for you.

Innovation type: Back office, mobile and tablet, online, small business

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moneto is a prepaid mobile wallet powered by MasterCard PayPass technology and created by DeviceFidelity. Using DeviceFidelity’s globally renowned In2Pay microSD solution, moneto’s unique portability and consumer centric approach means greater adoption and rapid penetration.
moneto makes money management easy from start to finish. It’s the simple, secure and elegant way to give users the most from their cash using just their mobile phone. Compatible with both iPhone and Android and accepted at hundreds of thousands of retailers nationwide, moneto is the ultimate virtual wallet.
Innovation type: Banking, cards, mobile, payments, PFM, rewards

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According to a recent report from the National Federation of Independent Businesses (NFIB), cash flow was identified as the highest-priority finance issue affecting small-business owners. Experian’s Business Information Services will demonstrate a new solution that helps small businesses solve this issue by enabling owners and principals to quickly and easily make better decisions across the entire Customer Life Cycle. It is these important decisions that help businesses meet their obligations and often can mean the difference between success or failure.
Innovation type: Small business

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inStream Solutions grew out of a desire to help financial advisors provide better service to their clients. This is the first proactive financial planning software for financial advisors that integrates financial advice and coordinates financial services with a lead generation model. 
inStream Solutions also leverages the knowledge generated by advisors into a best practices resource, provides real-time insight into how advisors use financial products to solve the issues of their affluent clients, and helps advisors understand what is going on within their practice.
Innovation type: Investing, PFM

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Powering Innovation for Commerce — The IP Commerce Platform and Commerce Playlists enable developers to create innovative applications and workflows that incorporate all channels of commerce.
IP Commerce offers the fastest, easiest way to enable commerce services for complex multi-channel applications. With IP Commerce, you can create rich interactions between all parties of a commerce ecosystem (Retailers, ISVs, Acquirers, Processors, Social Networks, Value-Added-Service Providers, etc.).
The world of commerce technology is growing as never before and IP Commerce is at the vanguard.
Innovation type: Payments

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TIO Networks is a cloud based multi-channel bill payment processor serving the largest telecom, wireless, cable and utility bill issuers in North America. TIO enables these companies to provide bill payment services to the population of over 60 million underbanked consumers.  With more than 55,000 physical location endpoints to its bill payment processing network, TIO symbolizes fast, convenient and secure access to expedited payment services.
Innovation type: Back office, mobile, payments

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Increase consumer engagement and drive loyalty with our WattzOn Personal Energy Management Platform. WattzOn provides your consumers with easy-to-use tools that help people use less energy, save money and be green. Personalized recommendations can be enhanced with complementary financial products such as credit cards, savings accounts, home and car loans.
Features include:
    • Apples-to-apples comparisons of home energy use to similar homes
    • Personalized energy saving recommendations
    • Fuel-efficient car savings calculator
    • Automated monitoring with secure connections to 100+ energy utilities
    • Instant home solar savings calculator
Innovation type: Marketing, online, PFM