Mitek Archives - Page 8 of 13

Alumni News– November 25, 2014

By David Penn Posted on November 25, 2014
Categories: ACI Worldwide, Actiance, Billhighway, Fenergo, FreeAgent, Global Debt Registry, Insuritas, Mitek, Monitise, Nostrum Group, PayItSimple, PayStand, ProfitStars, Temenos, True Potential

Fenergo wins Outstanding Achievement in International Growth award from Irish Software Association.

Global Debt Registry launches Debt Lookup, a free online service for consumers.

Eastern University chooses ACI Worldwide to power its payment plan and tuition payments.

Monitise, FreeAgent, True Potential, and Nostrum Group earn spots in Deloitte UK Technology Fast 50.

Pymnts.com: PayStand takes eChecks to the next level.

Finovate Debuts: PayItSimple’s Financing Tool Gives Customers Extra Time to Pay for Goods, Interest-Free

Pymnts considers Mitek’s growth and future plans.

ProfitStars launches behavior-driven marketing capabilities with Kernel.

Western Heritage Credit Union hires Insuritas to install their insurance agency for the CU’s 10,000 members.

Actiance announces enhanced voice recording for Microsoft Lync 2013.

Billhighway takes “Triple Crown” in Workplace Culture Awards with #6 rank on Crain’s Cool Places to Work List.

Temenos positioned as a leader in Gartner’s Magic
Quadrant for International Retail Core Banking.

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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Alumni News– November 6, 2014

By David Penn Posted on November 6, 2014
Categories: Avoka, Kofax, Mitek, Top Image Systems, VerifyValid

Smartphone checkbook app MagicMony powered by VerifyValid. Read our CEO interview with VerifyValid CEO Paul Doyle here.

Pymnts.com takes a look at how innovators like Mitek, Top Image Systems, and Kofax are dealing with mobile deposit fraud.

Sramana Mitra interviews Avoka CEO Phil Copeland for the One Million by One Million Blog.

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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Alumni News– November 3, 2014

By David Penn Posted on November 3, 2014
Categories: Azimo, Better ATM Services, Fuze Network, Ixaris, Mitek, Money on Toast, Ripple, Socure

Money on Toast to outsource its administration to Equiniti Wealth Solutions.

Mitek announces Restrictive Endorsement feature to reduce risk of duplicate check deposits.

Azimo opens up money transfer service to Kenya’s M-Pesa.

Better ATM Services signs agreement with ATM manufacturer, Genmega.

Ixaris teams up with United bank for Africa (UBA) to bring its virtual card platform to 20 markets in Africa.

Ingo Money acquires Fuze Network.

Socure scores $2.5 million to overcome evil with good.

Yantra Financial Technologies integrates Ripple Protocol into risk management system.

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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Alumni News– October 30, 2014

By David Penn Posted on October 30, 2014
Categories: BBVA Compass, Cardlytics, Dwolla, Fiserv, HedgeCoVest, Insuritas, Knox, Lendio, Mitek, Personal Capital, SimplyTapp, Temenos, Trustev

Temenos announces availability of its new mobile banking app.

Mitek reports more than 3,000 FIs have signed up for its mobile deposit solution.

BBVA Compass partners with Dwolla to bring real-time payments to bank customers.

Personal Capital announces $50 million series D round.

xconomy profiles anti-fraud innovator, Trustev.

Fiserv launches Popmoney for Disbursements.

Insuritas to open and manage turnkey insurance agency for Heritage Community Credit Union.

Knox Payments recognized in emerging startup category at Venture Forum RVA event.

Cardnotpresent.com features how SimplyTapp uses host card emulation (HCE).

Check out Finovate Debuts: HedgeCoVest.

Lendio partners with The UPS store to help SMBs.

Cardlytics pulls in $70 million in Series F round, prepares for IPO.

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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Eleven Finovate Alums Win Awards at PYMNTS Innovation Project 2014

By David Penn Posted on March 24, 2014
Categories: Bill.com, Credit Karma, Klarna, Lending Club, Mitek, PayNearMe, PayPal, PaySimple, Prosper, Ripple, Venmo

The votes are in. The judges have decided. And 11 Finovate alums have earned awards at the 2014 PYMNTS.com Innovation Project, including three gold medals.

Finovate alums won awards in a diverse range of categories, from “B2B Innovation” to “Best Comeback Story.” Areas where alums dominated included “Best Credit Innovation,” where Credit Karma, Lending Club, and Klarna swept the field, as well as “Best Innovation via ACH” and “Best Check Innovation.”

The Innovation Project is “powered by PYMNTS.com,” a joint venture between BusinessWire and Market Platform Dynamics. The event is in its second year, and was again held at Harvard University in Cambridge, Massachusetts.

A total of 49 awards were presented. Gold, silver, and bronze in fifteen categories, plus singular Catalyst, Women Driving Innovation in Payments, Lifetime Achievement, and Best in Show awards.

Also announced were three inductees to the Payments Hall of Fame.

See how the rest of the Finovate family fared below.

Catalyst Award

PayPal

International e-commerce payments and money transfers
Finovate demo video: Europe 2012

Gold

Bill.com

Best B2B Innovation
Cash flow management solution for business integrating electronic payments, accounting, digital documents, and more
Finovate demo video: Spring 2012

Credit Karma

Best Credit Innovation
Aggregates consumer financial data from bank accounts and credit scores to mortgage loans in one location
Finovate demo video: Startup 2009

PaySimple eCheck

Best Check Innovation
Enables check payments without having to write paper checks
Finovate demo video: Spring 2012

Silver

Lending Club

Best Credit Innovation
Online, peer-to-peer lender
Finovate demo video: Startup 2009

Pay Near Me

Best Cash Innovation
Cash transaction network
Finovate demo video: Spring 2013

Ripple Labs

Best New Technology
Open-source, distributed payment protocol
Finovate demo video: Spring 2013

Venmo

Best Innovation via ACH
Best Check Innovation
Send money to a Venmo account, bank account or supported debit card for free
Finovate demo video (with Braintree): Spring 2013

Bronze

Klarna

Most Innovative Company
E-commerce solution mitigates credit and fraud risk for online merchants
Finovate demo video: Spring 2012

Ripple Labs

Most Disruptive Innovation

Prosper

Best Comeback Story
Peer-to-peer lending
Finovate demo video: Finovate 2007

Klarna

Best Credit Innovation

Mitek

Best Innovation via ACH
Solution leverages mobile device camera to enable check deposit, account opening, and bill pay.
Finovate demo video: Fall 2013

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Finovate Alumni News– March 14, 2014

By Julie Muhn (@julieschicktanz) Posted on March 14, 2014
Categories: Arxan Technologies, Dynamics, Guide Financial, Klarna, Mambu, Mitek, On Deck Capital, Realty Mogul

Arxan Technologies wins in the Products and Services Excellence category of the Infosecurity Global Excellence Awards.

OnDeck’s CEO Noah Breslow appears on CNBC Squawk Box.

Mitek opens mobile imaging platform to developers.

Klarna raises £90 million to finance acquisition of Sofort.

Collision features Realty Mogul in its selection of “10 Top Startups with Powerful New Ideas.”

OnDeck tops $1 billion in small business loans.

CBS News features Dynamics‘ Hidden card, interviews CEO Jeff Mullen.

Yale microfinance program to deploy Mambu platform.

FPPad Bits and Bytes <a features Guide Financial in its latest video review.

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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Cachet Financial Solutions Acquires Moneto from DeviceFidelity

By David Penn Posted on March 13, 2014
Categories: Cachet Financial Solutions, DeviceFidelity, Mitek

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

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.

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Finovate Alumni News– January 30, 2014

By Julie Muhn (@julieschicktanz) Posted on January 30, 2014
Categories: Arxan Technologies, D3 Technology, Fidor Bank, Flint Mobile, Geezeo, InComm, LendUp, Lighter Capital, Lodo Software, MiiCard, Mitek, SeedInvest, TransferWise, Zopa

Arxan appoints Patrick Kehoe as Chief Marketing Officer.

GRANCO Federal Credit Union to offer Geezeo powered PFM.

Mitek’s Mobile Photo Payments now offered by a large, unnamed cable, telecomm and media companies.

Lighter Capital extends 40th loan.

Lodo Software changes its name to D3 Technology.

miiCard adds former SWIFT CEO Lázaro Campos, previous VP of SecureWorks Richard Lewis, and prior Clydesdale executive Kenny White to its Board of Directors.

Zopa secures £15 million from London-based Arrowgrass Capital Partners.

Crowdfund Insider looks at SeedInvest and its comment letters to the SEC on crowdfunding and the JOBS Act.

LendUp launches educational video series to help combat identity theft.

Flint Mobile announces start of partner program for ISOs, MSPs, and ISVs.

Financial Times column on online banking and the cloud features Fidor Bank.

Your Story features TransferWise and its co-founder Taavet Hinrikus.

InComm and H&R Block enable consumers to reload their H&R Block Emerald Card at more than 60k Vanilla Reload locations in the U.S.

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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Allied Payment Network’s Partnership with Mitek Pays Off with PicturePay

By David Penn Posted on January 7, 2014
Categories: ACI Worldwide, Allied Payment Network, Mitek

Since adopting PicturePay, bank and credit union customers of Allied Payment Network have seen 5-15% month-over-month growth in transactions and 10% growth in retention rates for customers who used bill pay. This has taken retention rates as high as 98%.

This is the emerging bill pay landscape as seen from the partnership between Allied Payment Network and Mitek. With more financial institutions offering ways for customers to pay bills, a feature like mobile bill pay helps distinguish those FIs looking to maximize opportunities through the fastest growing transaction channel.

Allied Payment Network notes that half of the customers who use PicturePay never took advantage of online bill pay services in the past. And a big selling point for the technology is the ability to pay using the mobile device’s camera rather than having to type out information on a keyboard.

The company was recently in the news with announcement of its partnership with ACI Worldwide to provide same day bill pay via PicturePay. Among the technology’s recent adopters is Ameriana Bank and, this year, Allied Payment Network announced its first credit union to deploy PicturePay.

Allied Payment Network teamed up with Mitek to present its PicturePay solution as part of the FinovateSpring 2013 event in San Francisco. See the company in action here.

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Finovate Alumni News– December 18, 2013

By Julie Muhn (@julieschicktanz) Posted on December 18, 2013
Categories: Check Point, CR2, Dwolla, Emida, Geezeo, MasterCard, Mitek, MoneyDesktop, Payfone

Dwolla launches Form Builder to enable users to build free custom payment forms.

Utah Valley Business Q Mag recognizes MoneyDesktop for its billboard advertising (see page 52-53).

Blue Coat and Check Point Extend Partnership on High-End X-Series Network Security Systems.

Payfone to use AT&T’s network data to enhance its mobile identity services.

Vovox and Emida partner to provide enhanced mobile payment options for users.

West – Aircomm FCU to offer PFM powered by Geezeo.

Mike Brady named COO at CR2.

MasterCard debuts MasterPass in Italy.

Business Banking Review names Mitek-powered U.S. Bank Mobile Photo Bill Pay “Best Technology Initiative in Banking”.

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– December 12, 2013

By David Penn Posted on December 12, 2013
Categories: BrightScope, Heckyl Technologies, Kony Solutions, MasterCard, MiiCard, Mitek, Striata, Taulia

MasterCard collaborates with Samsung, Commonwealth Bank of Australia to enable contactless payments via NFC.

Heckyl Technologies announces more than $3.5 million raised in Series B funding.

NetBanker: Mobile payments specialist Loop raises $10 million in Series A round.

Striata announced as a finalist in the Best Use of Technology category at 2013 Debt Collection Awards.

miiCard to help power ID verification for myrentalcv’s tenant screening platform.

Spend Matters features Taulia.

Updated Advisor Pages platform from BrightScope drops charge for online profile maintenance.

Mitek and Kony collaborate to Deliver Mobile Photo Bill Pay With Mitek MiSnap Automatic Image Capture.

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– November 27, 2013

By David Penn Posted on November 27, 2013
Categories: Cardlytics, Fiserv, Heckyl Technologies, HelloWallet, Jemstep, Mitek, Moven, PayPal, Toopher

Heckyl Technologies featured in Startup Innovation.

Toopher unveils WordPress plugin.

U.S. Bank’s Mitek-powered Mobile Photo Bill Pay wins Best Technology Initiative in Banking award.

Independent Research Group names Cardlytics a Best in Class Provider in 4 categories of card loyalty technology report.

Ally Bank adds Fiserv’s Popmoney to power recurring funds transfers on its mobile app.

PayPal now accepts prepaid gift cards.

Mashable looks at HelloWallet as an easier way to save money.

The Wall Street Journal reports online advisers like Jemstep enhance free services.

Forbes features how Moven can be especially useful over the holidays.

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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