Finovate Alumni News– June 4, 2014

  • Finovate-F-Logo.jpgCommercial collection agency DAL is the first partner to go live with Cortera Open Receivables.
  • The Bancorp Bank implements Cachet Financial’s CheckRisk Pro, a tool for mitigating risk in remote deposit capture programs for financial institutions and credit unions.
  • CardFlight to use Apple’s Touch ID to give merchants an easy way to sign into mobile POS app.
  • Financial services provider, SHAZAM Network, collaborates with D3 Banking to provide omnichannel SaaS solution.
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– May 8, 2014

  • Finovate-F-Logo.jpgBoku partners with Deutsche Telekom to power the MNO’s payments offerings, provide it with a mobile app, and give customers the ability to pay for digital goods and services simply using their existing mobile phone account.
  • ProfitStars named among the 2014 Best Places to Work in Kentucky.
  • American Banker: Andera Acquisition to Bolster Bottomline’s Digital Banking Business.
  • Cachet Financial Solutions files initial registration statement with the SEC looking to raise $20 million through a public stock offering.
  • MasterCard Accelerator for European startups announces May 16 deadline.
  • Motif Investing raises $35 million in move toward wealth management market.
  • RevolutionCredit announces $10 million investment from Accion Venture Labs.
  • Coinbase’s acquisition of Kippt to bring usability to bitcoin.
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– March 27, 2014

  • Finovate-F-Logo.jpgTSYS partners with Virgin Money to provide consumer credit processing services for UK customers.
  • Cachet Financial Solutions appoints Darin McAreavey as EVP and CFO.
  • Prosper to cross the $1 billion mark in personal loans originated through its platform next week, hosts giveaway.
  • Tech Zulu interviews Trustev after the company’s win at SXSW Accelerator.
  • Jumio to help form Identity Security Network with eight leading Bitcoin exchanges.
  • InComm’s corporate B2B store enables retailers to streamline management of corporate gift card sales.
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.

Cachet Financial Solutions Acquires Moneto from DeviceFidelity

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Finovate alum Cachet Financial Solutions (FinovateFall 2012) has announced its acquisition of Moneto, the prepaid mobile platform, from another Finovate alum, DeviceFidelity.

Calling prepaid “one of the fastest growing financial product sectors,” Cachet CEO and President Jeffrey Mack said, “This acquisition is a perfect complement to Cachet’s current RDC mobile prepaid offering and demonstrates our strategic evolution to a more comprehensive mobile offering.

While Moneto is the main prize in the acquisition, there is more to the package than the prepaid mobile platform alone. Cachet Financial will also gain a core VISA prepaid mobile money platform, and strategic relationships with partners like Navy Federal Credit Union, MasterCard, and Moneygram.
The Moneto platform provides clients with a variety of features including:
  • card loading
  • card balance and history
  • loyalty and rewards
  • person-to-person (P2P) transfers
  • expedited bill pay and remittance
  • instant “Good Funds” to load card by check

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Moneto also enables contactless payments for both iOS and Android smartphones. The mobile app allows the user to access his or her prepaid card from their mobile device, as well.
Cachet Financial is known for its remote deposit capture (RDC) technology, which leverages technology from Mitek (yet another Finovate alum) to provide solutions for financial institutions, credit unions and consumers alike. The company is based in Minneapolis, Minnesota, and was founded in 2010.
See DeviceFidelity demo moneto in the video from the company’s FinovateSpring appearance in 2012 here.

Finovate Alumni News– March 12, 2014

  • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgFiserv digital banking solutions to be deployed at Finger Lakes Federal Credit Union.
  • ACI Worldwide launches latest version of UP BASE24-eps to enable “any-to-any” real-time payments.
  • Market Platform Dynamics CEO Karen Webster interviews Aron Schwarzkopf, CEO of Leaf.
  • The Guardian ranks Toshl among its top ten free apps for students.
  • Fiserv and MasterCard reach agreement to support adoption of debit EMV technology.
  • PromotedApp features VerifyValid’s multi-purpose, electronic checkbook.
  • TechCrunch: SigFig hires Financial Engines exec Steve Lifgren to build out its operations team.
  • The Start reports: Revenue loans like the ones from Lighter Capital are new way for tech firms to raise cash.
  • Actiance launches Socialite Feature Control, a new licensing option, in response to SEC ruling.
  • Credit Sesame launches premium services to better protect people’s credit and identity.
  • Cachet Financial Solutions acquires prepaid mobile platform business unit from DeviceFidelity.
  • Top Image Systems launches MobiREMIT, mobile remittance processing to streamline and accelerate payment processing.
  • Guide Financial to provide software for the more than 300 advisory firms in the Garrett Planning Network.
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– December 11, 2013

  • Finovate-F-Logo.jpgDMG Consulting ranks NICE as the speech analytics market share leader for the fifth consecutive year, and as the contact center WFO market share leader for the first half of 2013.
  • Cachet Financial Solutions partners with YellowPepper to bring mobile deposit technology to Latin American Marketplace 
  • Midway Sewer District launches on doxo; more than 8% of customers go paperless in the first 90 days.
  • See BehavioSec’s Best of Show winning demo from FinovateAsia 2013.
  • Pymnts.com talks with Jonathan Hancock of TSYS on curbing card-not-present fraud.
  • Sage adds daily spending limits, funding rules to their Business Prepaid Visa Card mobile app.
  • American Banker reports: Lending Club Targets Small Banks with Personal-Loan Push http://bit.ly/19CcyQq
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– October 22, 2013

  • Finovate-F-Logo.jpgUS Storage Centers and PayNearMe unveil convenient electronic cash payments for self-storage tenants.
  • Actiance expands partnership with ZL Technologies to deliver enterprise and public social data into unified archive.
  • Blackhawk Network to acquire InteliSpend Prepaid Solutions.
  • Cachet Financial Solutions launches CheckRisk Pro, a tool to mitigate RDC risk.
  • Netbanker: Simple to launch bluetooth-based P2P payments.
  • The American Bankers Association endorses Q2’s enterprise solutions for secure virtual banking.
  • Flint Mobile announces launch of swipe-free mobile payment app for Android.
  • Bloomberg Businessweek takes a look at Motif’s “design-it-yourself investing.”
  • TechWorld Australia features P2P currency exchange innovator, CurrencyFair.
  • Fenergo, Aite Group report: Capital market firms prefer centralized client onboarding.
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– October 10, 2013

  • Finovate-F-Logo.jpgBackbase on Track to Expand into UK Market. 
  • Arroweye Solutions launches EMV On-Demand.
  • ICBA Mortgage extends its agreement with D+H Mortgagebot.
  • InComm partners with Jackson Hewitt Tax Service to unveil new GPR card.
  • Digital Insight working with Delta Community CU to offer members digital banking services and solutions.
  • Guardian Analytics announces FraudMAP Connect, real-time collaboration platform & fraud intelligence community.
  • Cachet Financial Solutions launches new mobile money management application and platform, Select Mobile Money.
  • Equifax enhances underwriting decisions for lenders and businesses with release of advanced decisioning attributes.
  • Simple announces new MoneyDrop, instant P2P $$ transfer technology.
  • OnDeck ranked #20 in SellingPower Magazine’s 50 Best Companies to Sell For List.
  • Ven partners ValidSoft to secure virtual currency transactions.
  • SecondMarket CEO explains latest Bitcoin move.
  • Tyfone powers P2P m-payments in BVCU m-banking platform.
  • MasterCard joins Fast IDentity Online (FIDO) Alliance in support of innovation in online authentication.
  • Inaugural issue of FIS’s digital magazine FIS InMotion now available.
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– September 24, 2013

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  • Capital Access Network listed among Information Week’s top U.S. technology innovators in 2013.
  • FIS announces analytics programs for customers.
  • Swipely now managing $1 bil in annual sales, 1 yr. after entering payments market & launched Swipely Partner Network.
  • Cachet Financial Solutions announces Select Mobile Lending, a new mobile app.
  • MasterCard and Entrepreneurial Finance Labs join forces to promote SMB growth in developing nations.
  • TechCrunch reports PayPal, Stripe, & Braintree partner with Facebook to autofill billing info in mobile commerce apps.
  • ERN partners with FICO to embed FICO’s marketing solutions within its real-time Big Data analytics platform Looop.
  • Mountaineer Gas joins doxo to simplify bill delivery, payment, and record keeping for its 220,000 customers.
  • Digital Insight announces new CEO, John O’Malley.
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– August 27, 2013

  • Finovate-F-Logo.jpgFinanceIt’s split-cost marketing programs now available. Check out FinanceIt’s live demo at FinovateFall in a couple of weeks.
  • CertusBank launches new website based on Backbase Portal. Come see Backbase demo its new tech live at FinovateFall.
  • Cachet Financial Solutions partners with Nitro Mobile Solutions to integrate Cachet’s RDC platform in its mobile banking application.
  • miiCard updates its Digital ID Card. Come see miiCard’s demo at FinovateFall.
  • MasterCard appoints Raja Rajamannar Chief Marketing Officer. See MasterCard’s demo at FinovateFall 2013 in New York in September.
  • GMC Software Technology taps Scott Draeger for customer communications strategist role. Meet the GMC team at FinovateFall 2013.
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– June 5, 2013

  • FinovateLOGO.jpgmBank announces new transactional service, new logo, premium offer for affluent customers.
  • LICUOS selected as semi-finalist for Innotribe Startup Challenge.
  • LendUp launches “Share the love” referral rewards program.
  • Locaid announces commercial availability of Compliance API.
  • Expensify offsets new pricing by allowing users to prepay and get 2 months free.
  • Cachet Financial Solutions provides mobile deposit technology for Chexar’s Ingo Network.
  • Actiance enhances Social Compliance Platform Support for Lync, Jive.
  • Billhighway appoints Doug Gregory as CEO.
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– February 5, 2013

  • Finovate-F-Logo.jpgCachet Financial Solutions integrates with CU Mobile Apps, a provider of mobile banking solutions.
  • Finextra reports SafetyPay opens up to German-speaking markets.
  • Lendio reports 2012 growth metrics.
  • Expensify listed as 1 of 4 apps to helps save and manage your money.
  • TechFaster interviews BillGuard CMO Mary Anne Keegan.
  • Business Insider interviews Josh Reich, Simple founder and CEO.
  • Xero makes Bank Reconciliation available to Android users.
  • edo Interactive’s new Marketplace platform targets small, local businesses.
  • Check out Finovate’s infographic of FinovateEurope 2013 innovation themes.
  • Billhighway named as finalist in the 2013 Stevie Awards for Sales & Customer Service.
  • SigFig-powered USA Today Money Portfolio Tracker launches
    in app store.
  • CashStar reports record holiday season; 800% increase in mobile eGift Card purchases.
  • Continuity Control partners with Community BancService Corporation.
  • TSYS technology at work in Visa’s Saral Money program in India.
  • Rabobank launches Figlo-powered widgets for online banking homepage.
  • BrightScope ranks top 25 law firms with highest-rated 401(k) plans.
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.