Finovate Alumni News– October 15, 2013

  • Finovate-F-Logo.jpgPayPal partners with Revel systems for its physical POS device.
  • TechCrunch interviews Ping Identity Founder, Chairman, and CEO Andre Durand.
  • Comarch launches mobile business banking solution in the U.K.
  • Looking for an app to manage your money? USA Today suggests solutions from three Finovate alumni: Manilla, Mint, and Check.
  • StreetFight features Leaf among its list of 5 mobile payment platforms with integrated marketing solutions.
  • Encap announces partnership with ForgeRock to bring multifactor intelligent authentication to OpenAM.
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 14, 2013

  • Thumbnail image for Finovate-F-Logo.jpgForbes column on banking and mobile payments highlights Finovate alumni Check, Fiserv, and FIS.
  • BBC features MasterCard’s efforts to replace food stamps and cash with cards in Lebanese refugee camps.
  • Jim Marous references GoBank and Moven in report on innovation in mobile banking functionality.
  • LowCards.com reports: Dynamics offers artistic credit cards.
  • Flint Mobile opts for camera over card reader.
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.

Third Quarter 2013 Funding for Finovate Alumni — More than $171 Million Raised

bagofmoney.jpg

The third quarter of 2013 revealed that even during the sleepy days of summer, the business of putting capital into the coffers of fintech innovators remained as busy as ever.

Finovate alumni were the beneficiaries of more than $171 million during July, August, and September. This brings the total year-to-date funding for Finovate alumni to at least $526 million (some of the funding amounts were undisclosed).

Here is the Q3 summary for 2013:

July — More than $63 million raised by eight companies
August — More than $26 million raised by six companies
September — $82 million raised by nine companies
Note: Fundings prior to a Finovate appearance not included. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

Finovate Alumni News– September 27, 2013

  • Finovate-F-Logo.jpg

      Real estate tech firm Tribus is integrating Planwise’s PFM to help homebuyers evaluate the affordability of listings.

    • MyBankTracker lists Check, Manilla, and Personal Capital as 3 finance apps just as good as Mint.
    • MoneyDesktop marketing video wins 2013 Telly Award.
    • PC World features 11 FinovateFall demo companies. 
    • Singapore-based MyHero earns $10M from Kleiner Perkins and others to enhance TradeHero app.
    • What’s the Next Big Thing in financial services? Ideas from FinovateFall and beyond.
    • American Banker: The cutting edge of online banking, as practiced by a Polish bank (mBank).
    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 18, 2013

    • FinovateLOGO.jpgKalixa Group to provide payment services to Italian gaming services provider, Sisal.
    • ACI Worldwide recognized as fastest growing biller direct electronic bill payment provider by Aite Group.
    • Manilla tops 15 million bills and statements delivered.
    • Netbanker reports: Simple Revamps Homepage http://bit.ly/16j6SsM
    • 200 Financial institutions adopt Lodo Software’s PFM.
    • Jumio adds facial detection to Its web and mobile identify verification service, Netverify.
    • MyBankTracker looks at MoneyDesktop’s uncluttered visualization of financial goals.
    • The Business Review blog highlights Dynamics’ partnership with Key Bank. 
    • TIO Networks forms partnership with Cowlitz Public Utility District.
    • Gartner names Backbase a Visionary Portal Software Vendor for the third year running.
    • Tradeshift Collaborative Workflow wins this year’s AP Innovative Technology of the Year Award.
    • Check partners with Irvine Ranch Water District to provide billpay and tracking for IRWD customers.
    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.

    Check Secures $24 Million Financing Round

    Check_logo.jpg

    Check announced this morning that it had completed a Series C investment round that will boost the company’s capital by $24 million.

    This funding round was led by new investor Menlo Ventures, and included participation from current investors Morgenthaler Ventures and Pitango Venture Capital.

    Check will put the capital to good use helping expand the business and grow the company’s role in making it easier for consumers to track, manage, and pay their bills. Said Check CEO, Guy Goldstein, “Americans make $4 trillion worth of bill payments per year, and Check is transforming the bill payment industry with a simple, fast, and easy-to-use mobile app.”

    Check_homepage2.jpg

    In addition to the funding, Check will also gain a pair of new board members. Doug Carlisle of Menlo Ventures will be joining the company’s board of directors, as will founder and former CEO of CompuCom, Avery More. This latest round puts Check’s total venture capital financing to date at $49 million.
    Formerly Pageonce, Check is a leading innovator in the field of mobile payments. With nearly 10 million consumers using its mobile solution to pay bills and track finances, Check’s Bills & Money app is available as a free download from both the iTunes App Store and Google Play.
    Our recent reporting on Check includes news of their partnership with Desert Water Agency in Palm Springs, California, as well as the company’s decision to add expedited payments to the service in June.
    Check demoed their technology as part of FinovateSpring in 2010. See the company in action here.

    Finovate Alumni News– September 4, 2013

    • Finovate-F-Logo.jpgAmerican Banker reports: Cardlytics Announces First U.K. Bank Customer. Come watch Cardlytics’ live demo at FinovateFall in NYC next week.
    • IBM partners with Monitise to provide software, technology services and consulting to improve Monitise’s core services.
    • NPR’s Tell Me More mentions ImpulseSave, Mint, and Manilla as 3 apps to help manage your money.
    • TSYS signs long-term payment processing agreement with Anovia Payments, LLC.
    • Check (formerly Pageonce) secures $24 million in Series C financing round.
    • Information Week highlights Credit Sesame and Kabbage in column on social media and credit worthiness.
    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– July 23, 2013

    • Finovate-F-Logo.jpgYodlee launches suite of solutions to give self-directed investors a full picture of their wealth and investments in one place.
    • Forbes lists Narrative Science as 1 of 5 exciting tech companies you’ve probably never heard of.
    • Huffington Post features Personal Capital, Mint, and Manilla as tools to organize finances.
    • First Federal Bank and United Community Bank have selected Fiserv’s DNA account processing platform.
    • Commerce Bancshares extends use of Alogent Payments Gateway from ProfitStars.
    • Thomsen Reuters announces availability of Checkpoint Pocket Assistant for the iPhone, free app for tax professionals.
    • Check to provide mobile bill pay to Desert Water Agency customers.
    • NYSE CIO Peter Leukert to lead FIS’s strategy and thought leadership team.
    • Technologies from Kalixa, DeviceFidelity, and MasterCard combine to bring moneto mobile wallet to the U.K.
    • VerifyValid partners with Deluxe to offer secure check payment solution to small businesses. See VerifyValid demo at FinovateFall in New York.
    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.

    Check to Provide Mobile Bill Pay to Desert Water Agency Customers

    Check_logo.jpg

    Just in time for those soaring water bills of summer, Check has made it easier for the 70,000 customers of Desert Water Agency (DWA) in Palm Springs, California to get those water bills paid.

    In a partnership announced today, Check (formerly Pageonce) will be available as a mobile bill pay service for the customers who rely on DWA for their water service.

    checkhomepage.jpg

    Customers using Check will be able to pay their water bills in a variety of ways, including free payment via ACH. Credit card payments are also available through Check with a 4% processing fee. The company is providing an incentive to get customers onboard, offering $5 off a customer’s first water bill when they use Check.
    Interested customers can download the Check mobile app – available on Android and iOS – at Google Play or the Apple App Store, as well as at the Desert Water Agency. The Check app is free.
    Check, as Pageonce, appeared on the Finovate stage in 2010 as part of FinovateSpring. See the company in action here.

    Check Announces Expedited Payments

    Check_logo.jpg

    Check, the mobile PFM provider formerly known as Pageonce, announced today that it will now offer expedited payments to its eight million customers. 

    Same day payments will start at $14.99, a nice savings compared to typical $20+ late fees. 

    ExpeditedBillPay_Check.jpg

    “Industry-wide, expedited bill pay has saved customers more than $4 billion in potential fees in 2010,” said Check marketing VP, Daniel Kjellen, citing a 2011 Javelin Strategy & Research report. This amount is expected to climb to more than six billion by 2015.
    Expedited bill pay also helps differentiate Check from its competitors. Said Kjellen “we want to be known as a payments company rather than just a personal finance company.”
    Expedited bill pay is available as a feature of the Money & Bills App, available for download at both the iTunes AppStore and at Google Play.
    Check was most recently in the headlines following news that the company had reached a deal with Alltel Wireless to allow the carrier’s customers to pay their bills via smartphone. 
    The company announced its rebranding a little over a month ago.
    Check demoed its technology as part of the FinovateSpring show in 2010. See the company’s presentation here.

    Finovate Alumni News– June 20, 2013

    • Finovate-F-Logo.jpgTitan Bank and Congressional Bank now buying loans through the Lending Club platform.
    • Nexonia integrates its expense reports solution with Bill.com.
    • Mexican Airline Volaris adds SafetyPay to payment method options.
    • Prosper reduces maximum loan percentage to 50% for investors in any one loan.
    • Geezeo signs Corporate America Family Credit Union.
    • Andera’s oFlows platform will be the new account opening technology for Intuit’s financial institution clients.
    • Check (formerly Pageonce) announces expedited payments.
    • Consumer Reports takes a look at the growth of Better ATM Services.
    • Wallaby releases version 2.0 for iPhone with new interface, Foursquare integration.
    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 4, 2013

    • Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgTechnorati takes a look at PayMobile, the mobile payment app from Corduro.
    • Auto Rental News features AuthenticID’s PictureID authentication solution.
    • Abril to use Service2Media’s app development platform, M2Active.
    • Cox Business to offer Acculynk’s cloud-based payment processing option, PayLeap.
    • Quartz looks at how Betterment and CEO Jon Stein are “turning financial advice into an algorithm.”
    • IDentity Theft 911 announces upgrade to LifeStages Identity Management Services.
    • Former Cap One Exec, James Mendelsohn, joins Capital Access Network as CMO.
    • Actiance updates Vantage to allow organizations to manage security, retention & compliance policies.
    • Blackhawk Network & Monitise to make mobile gift card purchasing available to consumers through certain FIs in the U.S.
    • Xero announces “Xero For Dummies” book now available.
    • BBVA Compass to offer Mitek’s Mobile Photo Bill Pay to its retail customers.
    • Alltel Wireless customers now able to pay bills via smartphone thanks to a new partnership with Check (formerly Pageonce).
    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.