Finovate Alumni News– June 3, 2013

  • FinovateLOGO.jpgGMC Software announces the availability of its Customer Service Correspondence automated platform for “point-of-need” communications.
  • Commonection reviews Check (formerly Pageonce).
  • InComm launches Cashtie, an API that links retail cash payments via existing POS to software applications.
  • TIO Networks Expands Bill Payment Services into Louisiana Through Partnership With City of Ruston.
  • Intelliresponse reflects on its experience at FinovateSpring 2103.
  • BlinkMobile signs distributors in Brazil and South Africa.
  • Linkable Networks Named Winner of 2013 Red Herring Top 100 Award.
  • Devin Miller talks about Balance Financial in this Newfination video interview.
  • Tyfone to Launch SideTap MicroSD Card Versions for Contactless Payments Market.
  • ThreatMetrix Launches Intelligence Network to Detect Malicious Web Activity.
  • Jemstep Launches Update Giving You More “Buy” Choices.
  • The Financial Brand lists 7 reasons to love GoBank.
  • Terapeak talks about how its Insights API helps EZBOB help UK merchants.
  • Temenos announces TripleA private banking and wealth management solution to work on other databases.
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 29, 2013

  • FinovateLOGO.jpgPaymentsSource talks with Noam Inbar, VP for product development for Zooz.
  • OneID takes a look at the “security theater” of Twitter’s two-factor authentication.
  • TSYS renews payment processing arrangement with Nationwide Building Society.
  • Pizza Marketplace interviews Leaf director of sales Alex MacKenzie on mobile marketing.
  • MIT Technology Review features OpenCoin.
  • Waspit to release new UX & mobile Apps in August to coincide with the new academic year.
  • TIO Networks partners with the State of Washington Department of Social and Health Services and payment processor Paymentus to help customers make child support payments.
  • Virtual Piggy partners with ClickandBuy to Increase Customer Signups, Conversions, and Sales.
  • Mitek receives patent for signature verification and fraud detection.
  • Christian Lanng, TradeShift CEO, takes on the position of Chairman alongside the responsibilities of CEO.
  • CU Times highlights Moven, Micronotes, GoBank, Refundo, AuthenticID, MoneyDesktop, Mint, FIS, Escardgo, and GoNow as noteworthy demos at FinovateSpring 2013.
  • Silicon Prairie News features Banno and EyeVerify demos at FinovateSpring.
  • Check (formerly Pageonce) and Lending Club are among the emerging financial services companies highlighted in Mary Meeker’s Internet Trends report.
  • SaveUp helps credit union members save more than $400 million.
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 23, 2013

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  • CMS Wire reports: Linkable Networks: Improving the Customer’s Path to Purchase.
  • Lighter Capital appoints Jeff Seely to board of directors.
  • Pymnts.com reports: BillGuard Acts As Antivirus For The Disease Of Fraud.
  • Expensify to begin new pricing structure.
  • Global Finance magazine names Taulia the best worldwide invoice discount management solution.
  • Expensify will soon be made available to over 250,000 Citrix enterprise customers.
  • BillFloat extends SmartPay pilot program with Radio Shack partnership.
  • Newfination interviews Mitch Fox, co-founder of GoodApril.
  • Wired’s Beyond the Beyond column features OpenCoin in a report from the Bitcoin 2013 business convention.
  • ProfitStar’s iPay Solutions named among best places to work in Kentucky.
  • Billhighway adds the Friends of Birmingham Historical Museum & Park as new client.
  • TransferWise wins a spot on Mashable’s list of “20 Hot London Startups You Need to Watch.”
  • Yodlee and Check (formerly Pageonce) are among the companies highlighted in American Banker column on reimagining PFM for mobile.
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.

Pageonce Rebrands as Check

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The company formerly known as Pageonce has changed its name to Check. See for yourself at their new online home, check.me.

Why Check? According to COO Steve Schultz, the name change long had been a work in progress for the company, and includes at least three elements they believe will help consumers and potential partners better understand the brand and the business.

On its face “Check” reminds consumers that the service still represents an alternative to paper checks, arguably part of the original mission of Pageonce. Beyond this, the company appreciates how the name “Check” also reflects the idea of “checking off” tasks that have been accomplished, as well as the importance of keeping one’s finances simple and “in check.”

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The evolution of Pageonce to Check is a testament to the evolution of a company that began with an innovative data aggregation tool. Said Schultz in a phone conversation last week, “The company is very different now and has grown to be one of the few companies to provide a digital wallet that includes personal finance management, bill pay, and mobile.”

All of this is geared toward helping the company take better advantage of the $4 trillion bill payment market. “We will continue to focus on innovation in payments,” he added, noting that their peer-to-peer payment feature, PayAnyone, continues to grow since its launch three months ago. The company is especially pleased at the high collection rates (i.e., the rate at which people pick up the money sent to them). Said Schultz, “it is one thing to send people money. People have to actually go and get it.”

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“Fortunately, because our average ticket is $400-500, most people have enough incentive to collect the money.”

What else is coming from Check in 2013? Expedited bill pay is one of the features many customers have been longing for. Here, Schultz says that the feature is a “natural fit for us” and is something consumers can expect from Check later this year.

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Check is also working more directly with billers. Although formal announcements are still at least a month away, Check will be serving as the mobile payment channel for a number of billers in the near future.

“We found that some billers have no mobile channel, or have tried to build their own,” said Schultz. “Others have tried to develop a specific payment app.”

“What we found is that customers want a simple solution. This will allow bill payment without the traditional PFM linking. Give Check your account number and they’ll be able to do the rest.”

As Pageonce, the company demoed its technology as part of FinovateSpring 2010. See them in action here.