PayNearMe Archives - Page 10 of 10

Alumni News — Week of May 30, 2011

By Julie Muhn (@julieschicktanz) Posted on June 6, 2011
Categories: Betterment, BrightScope, ChargeSmart, Check Point, ClairMail, Corduro, Credit Sesame, Currensee, Doxo, Dwolla, Enloop, Geezeo, Guardian Analytics, HelloWallet, Hidden Levers, Lending Club, Lendio, PayNearMe, Prosper, Robot Dough, SecondMarket, Simple Tuition, Sybase 365, TradeKing, Tyfone, UBank

Betterment

Medill Reports discussed the benefits of Betterment and Currensee, claiming that the social networking craze changes the way some people invest. Link

BrightScope

BrightScope announced the top 10 treasury inflation protected securities funds in America’s 401ks. Link

ChargeSmart

Fox News’ Studio 10 reviewed ChargeSmart, PlasticJungle, and Bills.com and found a number of money saving tools and ideas. Link

Check Point Software Technologies

Check Point Software Technologies won The Ten Best Web Support Sites of 2011 Award from The Association of Support Professionals for its exceptional web support design, implementation, and customer experience. Link

ClairMail

ClairMail announced record customer expansion with a 300% year-over-year growth in users. Link

Corduro

The New York Times reported that Corduro’s cloud platform challenges PayPal and Square’s mobile payment services. Link

Credit Sesame

The Wisdom Journal depicted Credit Sesame’s services as more than just credit scores. Link

Currensee

See Betterment above.

doxo

doxo explained how to use its online filing cabinet and “due date” alerts to help organize GroupOn, Living Social, and other daily deals. Link
TheFinancialBrand.com discussed Oregon Federal Credit Union’s use of doxo and discussed other usage ideas such as uploading a scan of your passport prior to travelling. Link

Dwolla

Credit Union Times listed Dwolla as a contender in the P2P payment space. Link
Dwolla rallied community efforts to gather donations for the tornado-stricken town of Joplin by selling its t-shirts and accepting donations. Link
Omaha World-Herald covered Dwolla’s arrival into Nebraska. Link

Enloop

About.com highlighted Enloop’s business plan creation service. Link
Forbes blog discussed “How Not to Fail” by using Enloop to assess the potential success of a business plan. Link

Geezeo

Call Federal Credit Union, based in Richmond, VA, selected Geezeo for its PFM solution. Link

Guardian Analytics

Guardian Analytics positioned by Gartner in the “Visionary” quadrant for web fraud detection. Link

HelloWallet

San Francisco Mayor Gavin Newsom urged residents to improve their money management by using HelloWallet. For every five subscriptions purchased, HelloWallet will give away one subscription to a family in need. Link

Hidden Levers

Financial Advisor Blog discussed using Hidden Levers to build better portfolios, highlighting risk management and accuracy of the service. Link

Lending Club

Lending Club exceeded a quarter million dollars in cumulative loans and is offering cash bonuses. Link
Wall Street Journal blog discussed growth of P2P Lending sites Prosper and Lending Club. Link

Lendio

Lendio raised $2 million in debt financing. Link

PayNearMe

PayNearMe founder Danny Shader, in an interview with Vator News, revealed the service is used beyond the unbanked population, including teens who prefer to pay with cash and consumers who would like to keep their online transactions private. Link

Prosper

See Lending Club above.

RobotDough

Dow Jones Financial reports that a UCLA professor backed RobotDough. Link

SecondMarket

The Washington Business Journal discussed SecondMarket’s recent popularity. Link

Sybase

Sybase launched the M-Commerce Guide, a publication for examining global market opportunities for mobile network operators, advisors, and FIs. Link

TradeKing

TradeKing CIO Dan Raju discussed security issues that may arise with the NYSE cloud community, citing its security. Link

Tyfone

Tyfone contracted with Star One Credit Union to use its NFC technology.
Link

UBank

CEO of UBank examined security concerns and competitors during an interview with ZDNet. Link

Share this:

Send Post Twitter LinkedIn Facebook

Cash is Still King at PayNearMe

By Julie Muhn (@julieschicktanz) Posted on June 2, 2011
Categories: PayNearMe

Imagine this scenario: You’d like to visit a friend who lives three hours out of town but

your car is in the shop so you need to take the train. To purchase the ticket ahead of time, you’d like to pay online or over the phone instead of at the Amtrak station. But here’s the kicker– you don’t have a credit or debit card. How are you supposed to buy the ticket if you can only pay with cash? The solution is easy, and it’s called PayNearMe.

Founded by Danny Shader in 2009, PayNearMe is a Mountain View, CA-based company that

enables consumers to buy online and pay offline at 7-Eleven stores.

Using this service, consumers can pay off loans with cash, purchase goods from other retailers, and even pay for services such as transportation. To get a better idea of more possibilities, see PayNearMe’s FinovateFall 2010 and FinovateSpring 2011 demos, both of which won Best of Show awards.

Why use PayNearMe?

You do not have a credit or debit card (24% of U.S. households)
You prefer to pay with cash (most teens and 54% of adults)
You do not want to divulge personal information online
You would like to repay a loan with cash

How it Works

Imagine you want to purchase a book that’s for sale online, but don’t have (or don’t want to use) a debit or credit card.

You can use PayNearMe to purchase the book online using an Amazon gift card. It’s a three-step process:

1) Complete the online form at the PayNearMe website.

Choose Merchants (step one in the visual below), select Amazon as the retailer (step two), and answer these questions:

Gift card amount
Email address
Zip code
Password

Then choose whether to pay with or without a printer. If going paperless, enter a mobile phone number and within seconds receive the following text message:

2) Go to 7-Eleven.

Use PayNearMe’s website to locate a nearby 7-Eleven store and, once inside, find the PayNearMe cards on the rack (see example at end of post). Following the instructions in the text message,

reply with the nine-digit code.

A follow-up message will appear seconds later:

You can pay the cashier with a $20 bill and ask her to load the money onto the card. After she swipes the card and processes the payment, she’ll hand you a receipt along with the card. You’ll then receive a final text message:

3) Use the claim code.

The receipt prompts you to visit www.amazon.com/gc and enter the claim code listed on the

receipt (see below). Login with your Amazon account, ensure the payment is loaded into the system, and click Apply to Your Account. The $20 is loaded into your account so you can find the book and pay for it with the $20 gift card balance.

Analysis

I like that this is a completely free service for consumers; $20 in your wallet translates into $20 in your Amazon account. There are no hidden fees or surcharges. In addition to this, the PayNearMe card is reusable so you don’t need to pick up a new one each time you use the service.

On the flipside, Amazon doesn’t offer PayNearMe as one of its default payment choices so you have to start the transaction through the PayNearMe website. While this is an additional step in the process, it still makes it easy to pay for goods and services using cash.

PayNearMe card and receipt

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News — Week of May 23, 2011

By Julie Muhn (@julieschicktanz) Posted on May 31, 2011
Categories: Aptys Solutions, Backbase, Betterment, Bill.com, Boku, Capital Access Network, Credit Karma, Doxo, Dwolla, edo Interactive, Expensify, Kabbage, Lending Club, LendingKarma, Lendio, Lodo Software, Monitise, Mortgagebot, PayDivvy, PayNearMe, peerTransfer, ProfitStars, Robot Dough, SecondMarket, Smarty Pig, Striata, ThreatMetrix, TILE Financial, TradeKing, Tyfone, Wikinvest, Wonga, Xero, Zecco, Zopa

Aptys Solutions
Aptys Solutions signed with Banker’s Bank, a top check depositor with the Federal Reserve Link

Backbase
Backbase to host webinar on how to use social media in financial services Link

Betterment

Betterment announced a growth of over $10M under management and over 4000 customers in first year Link
Betterment celebrated its first birthday Link

Bill.com
Bill.com is working to improve its mobile offering for small and midsized businesses Link

Boku
Mobile Entertainment explained how Boku will revolutionize pay-by-mobile for digital goods Link

Capital Access Network
CNBC explained how Capital Access Network solves the need to use financial creativity Link

Credit Karma
WiseBread Blog interviewed Credit Karma CEO Link

doxo

doxo’s first fan video was posted online Link
Oregon employees were the first to give its members doxo’s online file cabinet Link
TechFlash highlighted the benefits of using doxo to achieve paperless business Link
2Minute Finance interviewed doxo at FinovateSpring Link

Dwolla

Dwolla was listed by inc Tech as one of three startups you must know from Big Omaha Link
Credit Union Times listed Dwolla as a new P2P service rivaling ‘bank giants’ Link

edo Interactive
MyBankTracker interviewed edo Interactive COO about its Prewards service Link

Expensify
Slate explained how Expensify will help the ‘frequent flier’ Link

Kabbage
Technorati described how Kabbage works with eBay Link

Lending Club

Mint.com’s blog covered what you need to know about Lending Club Link
San Francisco Business Times commented on Lending Club’s strong backing from both investors and lenders Link
San Francisco Times reported that Lending Club stated it is not planning to go public for several years Link

LendingKarma
Entrepreneur featured LendingKarma as a good tool to use when borrowing money from family or friends Link

Lendio
San Francisco Chronicle reported that Lendio offers funding opportunities for new grads Link

Lodo Software
Lodo Software was described as a startup providing jobs in the “Silicon Prairie” region, a.k.a. Omaha Link

Monitise
Monitise released a report predicting that the majority of consumers will use mobile money services within the next three years Link

Mortgagebot
Mortgagebot reached 1000 clients, one of its goals from the beginning Link

PayDivvy
2MinuteFinanced interviewed PayDivvy about its services Link

PayNearMe
BillShrink examined PayNearMe’s cash payment service Link

peerTransfer
Mass High Tech interviewed Iker Marcaide from peerTransfer about becoming an entrepreneur Link

ProfitStars
ProfitStars announced a new version of Margin Maximizer that’s now available as a hosted solution Link

Robot Dough
2MiniuteFinance toured RobotDough’s demo during interview at Finovate Spring Link

SecondMarket

Wall Street Journal stated that SecondMarket helped fuel the tech boom Link
CNBC interviewed SecondMarket for an explanation of the change in trading numbers Link and Link

Smarty Pig
Smarty Pig launched new sharing features, including activity sharing and goal sharing Link

Striata
Striata will host a June 2 webinar for implementing successful ebilling strategies Link

ThreatMetrix
San Francisco Chronicle covered ThreatMetrix’s research around mobile transaction activity Link

TILE Financial
TILE Financial released a Financial Identity Profile to strengthen the connection between advisors and under-30 consumers Link

TradeKing
TradeKing divulged the lineup of its free webinars in June Link

Tyfone
Tyfone won 2010 Asia Pacific Smart Card Association Award for its NFC innovation and implementation Link

Wikinvest
Dow Jones Advisor highlighted Wikinvest as a way to analyze portfolios Link

Wonga

Wonga won 2011 Red Herring Top 100 Europe Award for exceptional accomplishments Link
Wonga won the Media Momentum Awards, a coveted award for digital media companies in Europe Link
Wonga’s Errol Damelin discussed consumer-centric credit Link

Xero

Diversity Limited commented on Xero’s move to the US markets Link
Xero and Keebo teamed up to help you manage and process receipts Link
New Zealand Herald commented on Xero’s surging revenue Link

Zecco

The Wall Street Journal reviewed Zecco’s new Facebook app Link
Zecco launched an app for stock trades & viewing realtime market data on Facebook Link

Zopa
Zopa shows how it helps consumers protect against inflation Link

Share this:

Send Post Twitter LinkedIn Facebook

Alumni News: Week of May 2 and May 9

By Julie Muhn (@julieschicktanz) Posted on May 16, 2011
Categories: Backbase, Bill.com, BrightScope, CashEdge, Check Point, Cortera, DebtGoal, eToro, Expensify, Fiserv, ID Analytics, IP Commerce, Lending Club, Mint.com, MoneyAisle, PayNearMe, Plastyc, Prosper, Yodlee

p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Cambria}
p.p2 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px ‘Times New Roman’; min-height: 15.0px}
span.s1 {text-decoration: underline ; color: #053df5}

Backbase

Backbase will provide TCS Bank in Russia with a website integration solution through Bank 2.0 Portal. Link

Bill.com

Bill.com rolled out Sage Peachtree Sync, software for controlling bill payment and management. Link

BrightScope

BrightScope released its second annual list of the Atlanta-based companies with the best 401k plans. Link

CashEdge

CashEdge expanded Popmoney service by adding Popmoney for Prepaid. It also announced a partnership with TxVia. Link

Check Point Software Technologies

Check Point was listed on Acadian Asset Management’s Top 15 Buys list. Link

Cortera

Cortera announced a new version of its PULSE app, a customer monitoring service. The new version will add Growth Clues alert. Link

DebtGoal

DebtGoal hired Igor Vaks, former Experian CIO, as new COO. Link

eToro

eToro emerged as the preferred platform for building forex wealth through web trading. Link

Expensify

Expensify advertised on giant billboard in the Bay Area. Link

Fiserv

Fiserv announced improvements to its Relationship Rewards. Link

ID Analytics

CoreLogic partnered with ID Analytics to integrate ID Network with LoanSafe Fraud Manager. Link

ID Analytics will host Advance 2011, its 9th Consumer Risk Management Conference, this September. Link

IP Commerce

IP Commerce recently raised another round of funding. Link

Lending Club

Lending Club issued a record high of $17.5M loans in April. It is the 4th record month in the past 5. Link

Lending Club won Webby Award for the Banking/ Bill Paying category. Link

Mint

Mint won Webby Awards for the Financial Services category. Link

MoneyAisle

Mone
yAisle launched live auctions for unsecured personal loans to help consumers across a wide range of credit scores. Link

PayNearMe

PayNearMe raised $16M in funding from new and current investors. Link

Plastyc

Plastyc won a patent for improved online payment methods. Link

Prosper

Prosper increased loan volume by more than 50% compared to 3 months ago, issuing over $5M in new loans in April. Link

Yodlee

Yodlee is looking into developing mobile apps with new “FinApp Store” strategy. Link

Share this:

Send Post Twitter LinkedIn Facebook

Weekly Updates — Week of November 15, 2010

By finovate Posted on November 20, 2010
Categories: Backbase, Billeo, BillFloat, Blippy, BrightScope, Credit Sesame, eRollover, GoalMine, Ixaris, Kasasa, Monitise, Monitise Americas, Mozo, PayNearMe, SmartyPig, Tempo Payments, Wikinvest

To see Finovate news updates in real-time, follow our feed on Twitter.

Backbase is launching its fall webinar series. — The first 25 signups get a copy of Brett King’s new book “Bank 2.0.” http://bit.ly/finovate11193

Billeo is powering the new American Express inSite service. — Amex users get rewards and bonuses from within their browser. http://bit.ly/finovate11162

BillFloat shines at the “Under the Radar Conference.” — The company won the “Judges’ Choice” and “Audience Choice” awards in the Commerce category. http://bit.ly/finovate11163

Blippy lets users “fancify” their profiles. http://bit.ly/finovate11154

Data is king at BrightScope. — See the O’Riley Radar article which includes a five-minute video on how the startup gathered 401k plan info from the Department of Labor http://oreil.ly/finovate11192

Credit Sesame launches. — Public Beta is open to everyone. http://bit.ly/finovate11171 Excellent info-graphic about consumer debt in America http://bit.ly/finovate11182

eRollover announces new website. — The new site is designed to be easier to navigate and better show analytic tools. http://bit.ly/finovate11153

GoalMine launches with $25 reward to users who establish a $25 per month investment plan. — The program not only encourages ongoing investment, but highlights the convenience of the company’s online GoalPack gift card system. http://bit.ly/finovate11152

Ixaris launches Secret Path Developer Challenge. — Secret Path rewards developers who build payment applications on Ixaris Opn for social media networks, mobile devices and ecommerce. http://bit.ly/finovate11172

Kasasa Poetry Challenge. — Poets can win cash prizes, and have their work used in a Kasasa commercial. http://bit.ly/finovate11194

Monitise and US Bank work together for contactless payments solution. http://bit.ly/finovate11173

Mozo wins Deloitte’s Rising Star award. — The award is for companies in operation for fewer than three years. http://bit.ly/finovate11191

PayNearMe garners $16 million in venture capital. — Khosla Ventures led the funding round. The company will also be launching a mobile payments application. http://bit.ly/finovate11161

SmartyPig adds 21 new “Best in Class Retailers” just in time for holiday shopping. — Retail partners boost users’ savings by up to 14% when the savings goal is withdrawn via their gift card. http://bit.ly/finovate11155

Tempo Payments powers reward card for Sheetz convenience stores. — The decoupled affinity debit cards are independently-branded rewards debit cards, which link to the customer’s checking account. http://bit.ly/finovate11151

Wikinvest launches Android and Blackberry apps which allow users to view their accounts regardless of brokerage. http://tcrn.ch/finovate11181

Share this:

Send Post Twitter LinkedIn Facebook

FinovateFall 2010 Demo Videos Now Available

By finovate Posted on November 7, 2010
Categories: ActivePath, Backbase, Betterment, billFLO, BillFloat, BillShrink, Blaze Mobile, Bling Nation, Bundle, Capital Access Network, ClairMail, Credit Sesame, Dynamics, Emue Technologies, FinovateFall 2010, Finsphere, FIS, Fiserv, Geezeo, Guardian Analytics, Hidden Levers, Ixaris, Jack Henry, Kapitall, Kashoo, Kiboo, Kony Solutions, Leadfusion, MatchFund, mFoundry, Micronotes, Mortgagebot, mShift, oFlows, Optirate, Outright.com, Pageonce, PayNearMe, Plantly, Plastyc, PopMoney, Receivables Exchange, SapientNitro, SecondMarket, SecureKey, Segmint, Silver Tail Systems, SmartyPig, Standard Chartered Bank, The Receivables Exchange, Thwakk, TouMetis, Unience, Wonga, Worklight, Yodlee

We’re pleased to announce that the demo videos from FinovateFall 2010 are now available for free download (or immediate consumption) from the Finovate archives.

This fall’s NYC conference showcased 56 handpicked companies doing 7-minute demonstrations (no slides allowed) of their latest technology innovations to a sold-out audience of 650 financial & banking executives, venture capitalists, press, analysts and entrepreneurs.

Check out these cutting-edge ideas in financial, banking, payments, mobile, lending, investing and security technologies today for inspiration and your next edge on the competition!

(P.S. If you’re interested in joining us at the next Finovate event, tickets are now on sale for FinovateEurope (Feb, 1, 2011 in London). It is going to be an amazing showcase of European and global fintech innovation!)

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Fall 2010 Best of Show Winners Announced

By Jim Bruene Posted on October 8, 2010
Categories: Best of Show, Betterment, BillShrink, Bundle, Dynamics, oFlows, PayNearMe, SecureKey

It was an incredible two days in NYC (Oct. 4&5) as we witnessed 56 new
products, services, and features debut on the big stage. Of 56 live
demos, there were a few slow connections, an occasional timeout, a
missed download or two, and a few lost seconds waiting for mobile
screens to refresh, but only one that we had to completely restart. So, overall it went very smoothly.

And the packed house had a great time, found a number of things they could take back to their own companies, and made some great connections (at least that’s what they told me anyway).

At
the end of each day, attendees voted on three “Best of Show” demos from
the 28 just seen. Then, at the end of the conference, we ranked
all 56 companies based on this audience vote (see notes). The top seven were named Best of Show.

Every company that presented was named Best of Show by some portion of the audience. But the ones that ended on top are as follows (in alphabetic order):

Congratulations! And thanks to everyone that presented, sponsored, attended and followed the #finovate tweets. If I ever recover, I look forward to writing more about where this is all headed.

——————————

Notes on methodology:
1.
Only audience members not associated with demoing companies
were eligible to vote. Finovate employees did not vote.
2. Because a different number of ballots was cast each day, we ranked the demos based on the percentage of ballots voting for each presenter.
3. The exact written instructions given attendees:
“Please
rate (the companies) on the basis of demo quality and potential impact
of the innovation they demoed. PLEASE CIRCLE ONLY THREE”

Share this:

Send Post Twitter LinkedIn Facebook

FinovateFall 2010 Demo Lineup Revealed

By Eric Mattson Posted on August 17, 2010
Categories: ActivePath, Backbase, Betterment, billFLO, BillFloat, BillShrink, Blaze Mobile, Bling Nation, Bundle, Capital Access Network, CashEdge, ClairMail, Credit Sesame, Emue Technologies, FinovateFall 2010, Finsphere, FIS, Fiserv, Guardian Analytics, Hidden Levers, Ixaris, Jack Henry, Kapitall, Kashoo, Kiboo, Kony Solutions, Leadfusion, MatchFund, Micronotes, moneyStrands, Mortgagebot, mShift, oFlows, Optirate, Pageonce, PayNearMe, Plantly, Plastyc, Receivables Exchange, SapientNitro, Seeking Alpha, Segmint, Silver Tail Systems, SmartyPig, Standard Chartered Bank, Thwakk, TouMetis, Unience, Wonga, Worklight, Yodlee

We’re very excited to reveal the 56 cutting-edge companies that have been selected to demo their latest technology innovations on October 4 and 5 in New York City at FinovateFall.

Over the show’s two days, attendees will get to watch the future of fintech and banktech unfold on stage via fast-paced demos (28 each day) from these innovators. And then have a chance to interact with top executives from each of the demo companies during intimate networking sessions.

Without further delay, here’s the list of companies we’re excited to showcase:

If you’re interested in attending the conference, registering now will save you $100 on your ticket via the early-bird discount and reserve your spot (space is limited and we’re expecting to sell out). We’ll see you in New York!

Eric Mattson is CEO of Online Financial Innovations, the parent company of NetBanker, Online Banking Report and the Finovate Conference Series. He can be reached at eric@netbanker.com.

Share this:

Send Post Twitter LinkedIn Facebook