Finovate Alumni News– December 22, 2011

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  • Best Buy Canada & Future Shop are the 1st major retailers in Canada to offer eGift Cards via CashStar.
  • The Street interviews Zecco CEO, Michael Raneri.
  • Fox News interviews Dwolla CEO Ben Milne about the startup’s business model.
  • PayPal partners with Fandango to allow users to purchase movie tickets using PayPal.
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– November 23, 2011

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  • Mitek updates its Remote Deposit Capture product to improve UX and performance.
  • CNBC reports CashStar fuels eCommerce this season with personalized eGift cards.
  • StockTwits adds real time streams to The Street’s ticker pages.
  • Prosper launches ‘$5,000 Shop on Us’ sweepstakes.
  • QVC selects CashStar to power its new eGift Card program.
  • The Next Web refers to HelloWallet as a “brilliant” personal finance tool.
  • MyCyberTwin wins 2011 New South Wales Australian Technology Showcase Rising Star Award. 
  • LearnVest updates My Money Center.
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– November 16, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgApparel Retailer Aeropostale selects CashStar to provide e-gift cards.
  • CU Insight reports that Geezeo partners with IBT, a financial services innovator.
  • Dynamics’ Chip And Choice Technology wins 2011 CARTES Best in Show Award.
  • NY Daily News recommends LearnVest and DoughMain as resources for financial education.
  • Lendio inspires future entrepreneurs with $2,500 scholarship.
  • Arroweye approved to digitally produce Discover Cards.
  • ABA Banking Journal describes mobile banking, citing Celent’s report, “Innovations in Mobile at Finovate.”
  • Affinion Group to distribute Finsphere’s Mobile Transaction Monitoring service.
  • Betterment CEO Jon Stein interviews with top investment bloggers.
  • Centuryware discusses SecondMarket’s success.
  • Wonga CEO named Entrepreneur of the Year by European Tech Tour Association.
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 Website Traffic in September

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete.
Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.
Private Companies
  • Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
  • Kabbage had the highest percentage growth year-over-year, up 280x.
  • Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
  • SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.
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Source: Compete.com retrieved the week of October 26, 2011
 
1) The previous month recorded was August 2011
2) Sears Credit Score is powered by CreditKarma.com
3) Truaxis was formerly BillShrink
4) Kasasa is powered by BancVue
Public companies
 
  • CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
  • Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
  • Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.
PublicWebTrafficSeptember2.jpgSource: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was July 2011.
_______________________________________________________
Notes:
1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed.
3. NM = not measurable
4. t= tie
5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

Finovate Alumni News– November 2, 2011

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  • Prepaid Awards honors CashStar and Dell for Best Prepaid Gift Program.
  • Backbase names Visionary in latest Gartner Magic Quadrant.
  • American Banker discusses T8 Webware’s perfect solution for National Grand Bank of Marblehead.
  • Tab Times looks at the progress & success of Kashoo’s iPad app.
  • The Wall Street Journal reports Visa Europe takes 8.8% stake in Monitise.
  • Check Point buys compliance solutions co Dynasec.
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.

CashStar Raises $12 Million in Series C Financing

CashStar.jpgYesterday, e-gifting platform CashStar announced that it raised $12 million in Series C financing:

“The funding will be used to help drive continued adoption of digital gifting and grow CashStar’s retail brand network. Mandarin Oriental Hotel Group is another brand that has just partnered with CashStar to offer consumers a more personalized way to gift and incent.”
Investors included FTV Capital, Steven Boal (President & CEO of Coupons.com), and Passport Capital. 
To learn more about CashStar, watch its demo from FinovateFall 2011.

Finovate Alumni News– October 25, 2011

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgGeezeo signs three more referral engine clients.
  • ComputerWorld looks at how SilverTail Systems mitigates fraud.
  • Bank Innovation highlights CashStar’s partnering with banks for its gift-reward program.
  • Zecco is listed as 1 of 7 smart ways to invest $100.
  • Weemba reports a growing number of personal loan requests.
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 Website Traffic in August

Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete
Out of 268 alumni, 75 had more than 10,000 unique U.S. visitors in August 2011 and are included in the tables below. Of those, 41 (55%) had more visitors in August than July. Year-over-year, 45 (60%) had traffic increases.
Private Companies
  • Seeking Alpha — the most-trafficked in August with 2.5 million unique visitors — also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
  • Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
  • Betterment had the highest percentage growth year-over-year, up 88x.
  • Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million. 
August2011PrivateWebTraffic4.jpg
Source: Compete.com retrieved week of October 3, 2011
1) The previous month recorded was July 2011
2) Truaxis was formerly BillShrink
4) Kasasa is powered by BancVue
5) Checkingfinder.com is powered by BancVue

Public Companies

  • Fiserv had the highest month-over-month percent growth, with 50% more visitors.
  • CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
  • S1 also had a high percentage growth year-over-year, doubling its visitors.
August2011PublicWebTraffic5.jpg
Source: Compete.com retrieved the week of October 3, 2011
1) The previous month recorded was July 2011.
_______________________________________________________
Notes:
1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 
3. NM = Not measurable
4. t= Tie
5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

Finovate Alumni News– October 10, 2011

  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgNY Times reports how BancVue works with community FIs to offer checking accounts.
  • Prosper looks at its growth and returns over time.
  • Cnet reviews the BankOns iPhone app.
  • CTV News recommends Wall Street Survivor as a learning tool.
  • BizNews looks at how Kabbage provides capital to online businesses.
  • SF Gate reports how PayNearMe makes paying bills easy for the underbanked.
  • CU Insight reports GCS Federal Credit Union signs with Geezeo.
  • Payments Journal examines CashStar’s plan for a mobile app.
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.

CashStar Announces Its MobileGiftReward Mobile App

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CashStar announced its plans to roll out a mobile app called MobileGiftReward early next year that will be piloted by undisclosed financial institutions. The app will allow consumers to use unredeemed rewards points held by banks. The goal of this app is to remove the hassle from converting rewards points into usable items:

“With the app… users can convert unused rewards points into gift cards usable at CashStar client merchants.”

The merchants include The Gap, Starbucks, Home Depot, and many others. Here’s how it works:

“Users can choose the brand they want. The app then generates a bar code that can be scanned at any of that brand’s stores. In cases where the merchant doesn’t have a scanner at checkout, the clerk can key in a 16-digit number that appears with the bar code.”
CashStar demonstrated this app at FinovateFall 2011 last month in New York. A full-length demo will be posted within the next two weeks.

FinovateFall 2011 in the Press

Here’s a look at press coverage of FinovateFall last week:

ABA Banking Journal
How Mobile Banking is Different from Online Banking
All Business
Finovate 2011: New Online Financial Services for Your Business

All Things D
Here’s a Facebook App That’s Basically a Bank 
by Tricia Duryee

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American Banker
Turning Fraud Complaints into Fraud Alerts
by Daniel Wolfe
Helping Banks Get Data from Consumers Who Don’t Want to Share
by Daniel Wolfe
Bank Innovation 
4 “Finovate” Themes
by Mary Wisniewski
FinovateFall 2011: Demo Performance Scores and Reviews
by Mary Wisniewski
Getting a Financial “Grip”
by Mary Wisniewski 
Strange (and funny) Moments from Finovate 
by Mary Wisniewski 
Bank Systems & Technology
FinovateFall 2011 Recap, Day One
by Olivia LaBarre
Day Two Recap of FinovateFall 2011
by Bryan Yurcan
Bank Technology News
Personal Capital Builds Self-Service Financial Portal for Mass Affluent
By John Adams
Start-Ups Direct PFM at Niche Customer Segments
by Jeremy Quittner

Startup Financial Portals Target Niche Markets
by Jeremy Quittner

Text Too Risky? A Bank Works to Improve Security for Mobile Authentication
by Daniel Wolfe

Using Payments to Teach an Old Business Model New Tricks
by Jeremy Quittner

Celent
Innovations in Mobile at Finovate
by Bart Narter

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Consumer Reports
FinovateFall: Products for investors and the “unbanked”
by Tobie Stanger
Finovate Fall focus: Products to reduce consumer fraud
by Tobie Stanger
Finovate wrap-up: Mobile, incentives & seals of approval
by Tobie Stanger
Google showcases new channel to shop for bank products
by Tobie Stanger
Crain’s New York Business.com
Reinvented by technology: Financial services
by Judith Messina

Credit.com
Startups to Guide Your Financial Future 
by Christopher Maag
Paying Cash? Service Will Let You Pay Rent at 7-11
by Christopher Maag
Credit Karma Blog
Favorites from FinovateFall 2011
by Danielle Belfatto

CreditUnionTimes Logo.jpgCredit Union Times

T8 Webware Offers Mobile Aggregator
by Marc Rapport 
ExpertsColumn.com
Picking Favorites in the Fall Finovate 2011
by Akbarul

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Filene Research Institute 
Filene Takes on FinovateFall 
by Trish Shermont
Financial Planning
Personal Capital Launches ‘Wealth Management for the Internet Age’
by Kenneth Corbin
Financial Tech Spotlight 
Credit Sesame Launches Credit Badge Program
eToro’s CopyMe Helps Traders Build Own Investment Business
by Carolyn J Dawson

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Forbes
Is Financial Innovation an Oxymoron?
by Arjan Schütte
Personal Capital is more than Mint for rich people
by Tom Anderson
Picking Favorites at FinovateFall 2011
by Tom Anderson

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Inc.
4 Start-ups Help Entrepreneurs Get Cash
by Courtney Rubin
miiCard blog
Reflections on FinovateFall 2011
by James Varga

Main St
Transparency Labs Tells You What’s Really in the Fine Print
by Seth Fiegerman
Minneapolis Star Tribune Lifestyle Blog
Finovate: What’s new in personal finance
by Kara McGuire
MyBankTracker
Banking of Tomorrow, Happening Today
BankSimple Teases at FinovateFall 2011
by Marina Shifrin
BillGuard: Fraud Security on Your Online Bank Statements
by Simon Zhen
Bundle: Cutting Through Your Social Web of Lies
by Willy Staley
CashStar: Redeeming Credit Card Points On-The-Go
by Simon Zhen
FinovateFall 2011: A Crowded Space For Merchant-Funded Rewards, PFM Tools
by Simon Zhen
Hire Someone Else To Read The Boring Fine Print
by Simon Zhen
MyBankTracker Drops By FinovateFall 2011
by Marina Shifrin
TandemMoney: An Emergency Fund for the Unbanked, Underbanked
by Simon Zhen
Why You Should Know About Segmint
by Marina Shifrin
New York Daily News
Financial planning tools like online planning, spending rewards, financial literacy programs pay off
by Jean Chatzky
Novarica 
Innovators in Banking: Findings at FinovateFall 2011
by Michael McEvoy

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PaymentsViews
Live Blogging from FinovateFall
by Bryan Derman
planwise Blog
Finovate Round Up – Planwise
by Vincent Turner

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Pymnts.com
FinovateFall Recap: Are These Innovations “What’s Next” in Payments?
SavingsIdea.com
Are you broke? Will Plastyc help you to Save More?
Silicon Bayou News 
NOLA Start-Up Rebirth Financial Presents At FinovateFall
by Molly Oehmichen

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Silicon Prairie News
New T8 Webware app aims to help consumers get a ‘Grip’ on finances
by Michael Stacy
The Consumerist
The Four Most Interesting Finance Sites at Finovate
by Ben Popken
thrupoint
Cartera and TransFirst Join Forces to Accelerate Local Business Adoption of Card-Linked Offers
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Finovate Fall 2011 New York, NY Day One
by William Mills III

CashStar Turns Credit Card Loyalty Points Into Mobile Gift Cards

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Starting off after lunch, CashStar demonstrated a gifting and incentives platform:

“A first of its kind location-based iPhone application that enables consumers to walk into a retail location (i.e. Starbucks) and instantly redeem credit card loyalty points in real-time in the form of a mobile gift card that can be used immediately. With CashStar, consumers can burn their points instantly on their mobile device for the first time ever, providing the ultimate convenience and relevancy the digital age now affords.”

Product Launched: September 2011 


HQ Location: Portland, ME 

Company Founded: 2007 
Metrics: $9M Raised, 50+ Employees
Website: cashstar.com
Presenting David Douglas Stone (Co-Founder & CEO) & Phelps Peeler (VP of Engineering)

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