Mitek

PicturePay to Power Mobile Bill Pay for 3Rivers Federal Credit Union

By David Penn Posted on
Categories: Allied Payment Network, Mitek

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With its decision to deploy PicturePay, 3Rivers Federal Credit Union becomes the first credit union in the U.S. to adopt Allied Payment Network’s mobile bill pay solution.

PicturePay’s approach to mobile bill pay leverages the smartphone. Users take a picture of the bill and the imaging software – powered by the technology from another Finovate alum, Mitek – reads the data. All the user needs to do is enter the amount to be paid and the date to confirm payment.

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3Rivers Federal Credit Union has more than $750 million in assets, and more than 67,000 members in northern Indiana and northern Ohio. 3Rivers was founded in 1935, and is headquartered in Fort Wayne, Indiana.
In partnership with Malauzai Software, Allied Payment Network recently announced the availability of PicturePay as a standalone solution. The company has been active in fundraising this year, as well, picking up a total of more than $750,000 so far in 2013.
Allied Payment Network demoed its PicturePay technology as part of FinovateSpring 2013 in San Francisco. See the company’s presentation here.

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Allied Payment and Malauzai Software Launch Stand-Alone PicturePay

By David Penn Posted on
Categories: Allied Payment Network, Mitek

Thumbnail image for AlliedPaymentLogo.jpg

Are you a financial institution? Do you love PicturePay, but fear parting with your current mobile banking provider?

No problem. Thanks to a new initiative by Allied Payment Network and Malauzai Software, the photo-based payment solution now will be available to banks and credit unions as a stand-alone mobile billpay alternative.

PicturePay enables mobile payments by allowing users to photograph their bill, confirm the amount to be paid, and then submit the payment directly. The software, powered by fellow Finovate alum Mitek, uses optical character recognition (OCR) technology as well as analytics to read and verify the data.

       
Founded in 2010, Allied Payment Network is headquartered in Fort Wayne, Indiana, and launched its PicturePay solution in January 2013. The company demoed its technology as part of the FinovateSpring 2013 show in San Francisco, winning special praise from both Bank Innovation and Credit Union Times.
See Allied Payment Network’s PicturePay in action here.

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Finovate Alumni News– July 10, 2013

By David Penn Posted on
Categories: Authentify, CashStar, GoBank, Google, Manilla, Mitek, Moven, Outright.com, SAGE SA, SecondMarket
  • FinovateLOGO.jpgAuthentify launches security app for mobile devices, replacing passwords with digital images and spoken pass phrases.
  • Google Wallet’s “Buy with Google” promotion provides discounts via Android apps ranging from Airbnb to Uber.
  • IBS Intelligence ranks SAGE SA’s Prospero 2nd in 2013 Sales League Table.
  • Manilla’s activated user base surpasses half million mark.
  • CashStar announces new clients for its digital gifting program.
  • Moven’s beta program expands to add additional testers as company anticipates mobile signup by year’s end.
  • Bank Innovation reviews GoBank’s progress toward customer engagement and mobile centricity.
  • American Banker reports: Mitek Receives Patent for Mobile Card Balance Transfers.
  • SecondMarket launches General Solicitation solution in response to the SEC lifting of the ban on general solicitation by the JOBS Act.
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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Finovate Alumni News — July 9, 2013

By David Penn Posted on
Categories: ACI Worldwide, authenticID, GoBank, Mitek, Monitise, SumUp
  • FinovateLOGO.jpgACI Worldwide announces latest version of ACI Acquirer, the company’s multi-currency merchants management system.
  • Mitek wins patent for its technology that lets customers transfer credit card balance using their mobile device.
  • BBVA Ventures investment helps SumUp plan for South American expansion.
  • GoBank’s mobile-first bank accounts now available through Rite Aid.
  • Monitise VP of mPOS Tim Corke talks mobile point-of-sale in video interview with Finextra.
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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Finovate Alumni News– June 11, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Affinity Solutions, ayondo, CashStar, Green Dot, Keynote DeviceAnywhere, Kofax, MiiCard, Mitek, Narrative Science, TIBCO Software

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  • miiCard partners with authentication company, Toopher, to help users and businesses more effectively fight fraud and secure new services online.
  • BBVA Compass deploys Mitek’s Mobile Photo Bill Pay.
  • TIBCO Software acquires StreamBase Systems.
  • Kofax issued patent that covers sending receipt confirmation for a fax.
  • AU Arts Hub profiles Narrative Science’s approach to journalism.
  • Cashstar announces patent for virtual gift card technology.
  • Keynote brings MITE Enterprise, DeviceAnywhere Enterprise to UFT users.
  • Green Dot to acquire Walmart’s reloadable prepaid card business, MoneyCard.
  • Affinity Solutions raises more than $21 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.

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Finovate Alumni News– June 7, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Arxan Technologies, Betterment, Boku, Dynamics, Emida, Kofax, Mint.com, Mitek, Personal Capital, ReadyForZero, SimpleTuition, TipRanks, TransferWise, Xero, Zooz
  • Finovate-F-Logo.jpgXero and Stripe partner to simplify online payments for small businesses.
  • Bank Innovation reports: Mitek Launches V 2.0 of Mobile Photo Bill Pay solution.
  • Boku teams with PlayJam to bring mobile payments to smart TVs.
  • SimpleTuition partners with College Parents of America to bring student loan and loan comparison insight from SimpleTuition its members.
  • Creditnet.com ranks the Best Personal Finance Software of 2013 (So Far): 1) Personal Capital, 2) Mint.com 3) ReadyForZero.
  • Emida adds Colombia to list of operating countries.
  • Kofax launches Analytics for Capture business intelligence solution.
  • Pymnts.com interviews TransferWise co-founder Kristo Kaarmann.
  • RightStartups takes a look at Betterment as a “new concept in a very traditional industry.”
  • Dynamics launches “Everything Else is Just Plastic” TV Ad.
  • TradeBox Media reviews Zooz’s retail app plug-in.
  • International Business Times looks at how Arxan’s technology is used to protect mobile banking apps from attacks.
  • Newfination interviews Uri Gruenbaum, co-founder and CEO of TipRanks.
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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Finovate Alumni News– June 6, 2013

By David Penn Posted on
Categories: Backbase, BankersLab, Braintree, CurrencyFair, Dashlane, Fuze Network, LendUp, Mitek, Narrative Science, Personal Capital, Stokr, TIO Networks, TSYS
  • FinovateLOGO.jpgCentral Intelligence Agency takes an actionable interest in Narrative Science.
  • IT operations management company Boundary touts its relationship with CurrencyFair.
  • Backbase CEO and co-founder Jouk Pleiter warns that bank customers are “no longer content to do the groundwork.”
  • Mercator Advisory Group analyst takes a look at TSYS’s proposed acquisition of NetSpend.
  • Mitek, LendUp, & Fuze Network dubbed runners up in 3rd Annual Core Innovators Mega Challenge.
  • TIO Networks announces strategic relationship with Aio Wireless.
  • Stockr wins Vator Splash LA startup competition, crowned most exciting company.
  • BankersLab launches Bank-it: Credit Edition.
  • Personal Capital to establish a Denver office and hire 100 financial advisers.
  • Business Insider interviews Braintree CEO, Bill Ready.

<div 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.