PayPal

Finovate Alumni News– April 3, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Allied Payment Network, BBC Easy, Cardlytics, Cartera Commerce, edo Interactive, eWise, Fiserv, Flint Mobile, Holvi, IntelliResponse, Kiboo, Mint.com, Monitise, Moven, Narrative Science, OpenCoin, Pageonce, PayPal, ProfitStars, TSYS
  • Finovate-F-Logo.jpgTech Dirt looks at Narrative Science’s role in algorithmically-generated journalism. Come See Narrative Science at FinovateSpring.
  • Bdaily talks with Monitise EVP, Lisa Stanton, about mobile banking.
  • Numerica Credit Union adopts BBC Easy’s C&I Lending program.
  • CU Times reports Fiserv’s Spot Pay offers CUs a co-branded mobile payment platform and dongle.
  • Forbes looks at the growth of edo, Cardlytics, and Cartera Commerce and how card-linked offers are better than daily deals.
  • TechCruch reports OpenCoin has acquired SimpleHoney. See OpenCoin demo at FinovateSpring in May.
  • ProfitStars launches BillSimple from iPaySolutions.
  • TSYS to present at annual card forum and expo in April.
  • IntelliResponse adds 155th customer, the company’s first credit union.
  • Convenience Store Decisions notes the growing role of mobile payment options such as PayPal and Flint Mobile.
  • FIS, Open Solutions veteran Gary Daniel to join Allied Payment Network. Join them in San Francisco for FinovateSpring.
  • Banking Technology looks at eWise, Pageonce, Mint.com, Kiboo, Holvi, & Moven as PFM resurgence examples.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Nineteen Finovate Alums Win 2013 PYMNTS.com Innovator Awards

By Julie Muhn (@julieschicktanz) Posted on
Categories: Bill.com, BillFloat, Braintree, Capital Access Network, Credit Karma, Intuit, IP Commerce, Kabbage, Leaf, Lending Club, Mitek, MoneyDesktop, OneID, Pangea Payments, PayNearMe, PayPal, PaySimple, Simple, Waspit

InnovationProjectIMG.jpg

PYMNTS.com, a website owned by Business Wire and Market Platform Dynamics, recently published the winners of the 2013 Innovator Awards.

Three Finovate alums were selected as overall Best in Show winners:

First place: Pangea Payments

  • Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
  • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
Second place: Waspit 
  • Description: Combining mobile payments with social media channels to empower and inform the user in everyday purchases.
  • Finovate demo: FinovateFall 2012
Third place: Leaf
  • Description: Small business payments solution
  • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15

In addition, five Finovate alums took home Gold awards, five won Silver awards, and seven were awarded in the Bronze category. Here is a summary of all of the winners:

Gold

    • Category: Most innovative
    • Innovation: PayPal POS Initiatives that leverage its worldwide digital wallet accountholder base.
    • Finovate demo: FinovateEurope 2012
    • Category: Best credit
    • Innovation: The consumer’s advocate for demystifying credit with a range of tools and information resources to help them monitor and manage their financial health.
    • Finovate demo: FinovateStartup 2009
    • Category: Best B2B innovation
    • Innovation: Online working capital for small businesses.
    • Finovate demo: FinovateEurope 2013
    • Category: Best SMB innovation
    • Innovation: Small business payment platform integrated with Quickbooks.
    • Finovate demo: Finovate 2009
    • Category: Best innovation via ACH
    • Innovation: Cash flow management, accounts payable/ receivable management platform
    • Finovate demo: FinovateSpring 2011
Silver
    • Category: Most invisible
    • Innovation: Platform-as-a-Service that powers POS 2.0 commerce solutions.
    • Finovate demo: FinovateSpring 2012
    • Category: Best credit
    • Innovation: Offers consumers “more time to pay” their bills on time to help avoid late fees, overdraft charges, service termination and high cost loans.
    • Finovate demo: FinovateSpring 2011
    • Category: Best cash
    • Innovation: Enables consumers to shop online and pay with cash easily for a wide range of goods.
    • Finovate demo: FinovateSpring 2011
    • Category: Best SMB innovation
    • Innovation: Cloud-based, small business platform that integrates invoicing and payment acceptance in one system.
    • Finovate demo: FinovateSpring 2012
    • Category: Best comeback
    • Innovation: Alternative business financing that helps businesses tap into the capital it needs to run the business.
    • Finovate demo: FinovateEurope 2011
Bronze
    • Category: Most disruptive
    • Innovation: Mobile checkout service that enables one touch payments across multiple applications.
    • Finovate demo: FinovateSpring 2011
    • Category: Best technology
    • Innovation: OneID lets people sign in without usernames and passwords, yet delivers authentication solutions with non-repudiation, keeping both people and businesses safe from today’s biggest identity and personal information threats.
    • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
    • Category: Best newcomer
    • Innovation: Aggregates financial account information and allows users to manage their money in one place, online or with a mobile device.
    • Finovate demo: FinovateSpring 2012
    • Category: Best credit
    • Innovation: Brings together investors with creditworthy borrowers to reduce the cost and complexity of traditional lending.
    • Finovate demo: Finovate Startup 2009
    • Category: Best debit
    • Innovation: Reinventing personal banking with modern online and mobile experiences, no surprise fees, and great customer service.
    • Finovate demo: FinovateFall 2011
    • Category: Best prepaid
    • Innovation: A new way to send money anywhere, at a flat fee, instantly, leveraging the prepaid rails.
    • Finovate demo: Will demo at FinovateSpring 2013 in May 14 & 15
    • Category: Best check
    • Innovation: Mitek’s patented mobile imaging technology allows users to remotely deposit checks from anywhere, at anytime by snapping a picture with their camera-equipped smartphone or tablet, and has become the “gold standard” for mobile check deposit.
    • Finovate demo: FinovateSpr
      ing 2012

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 26, 2013

By David Penn Posted on
Categories: Azimo, CSI globalVCard, CurrencyFair, Expensify, EZBOB, Fiserv, ID Analytics, Klarna, Lending Club, PayPal, Prosper, Rebirth Financial, SecureKey, SoMoLend, SumUp, TransferWise, Zopa
  • Thumbnail image for Finovate-F-Logo.jpgTransferWise featured in HuffPost Students United Kingdom.
  • EZBOB investor John Garfield profiled in The Telegraph.
  • Money.co.uk compares money transfers through Azimo.
  • Fiserv partners with Romania-based Eutron Invest to provide Cash and Logistics solution portfolio to the Romanian market.
  • Forbes looks at the “best of the best” debt crowdfunders including Lending Club, Prosper, Zopa, SoMoLend, Rebirth Financial.
  • SecureKey announced availability of its cloud-based briidge.net identity and authentication platform.
  • ID Analytics introduces fraud detection solutions for online retailers.
  • The Globe and Mail lists Expensify as 1 of 5 apps that take the bumps out of business travel.
  • Petter Made, co-founder and COO of SumUp, talks about the advantages of Dublin as a base for business.
  • Credit Union Times reports: Fiserv launches SpotPay.
  • Finextra reports G&D and PayPal team on pre-paid mobile top-ups in Brazil.
  • Practical eCommerce takes a look at Klarna Invoice for OSC programs.
  • CSI’s globalVCard wins top entrepreneurial prize at 2013 Innovation Project.
  • Newfination interviews CurrencyFair’s Brett Meyers.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 21, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BillShrink, Flint Mobile, HelloWallet, IDTheft 911, Luminous, Mint.com, Monitise, PayPal, TIO Networks, TransferWise
  • Finovate-F-Logo.jpgTIO Networks launches mobile payment app for Mobilicity.
  • PayPal signs on to the ePayments Code released by the Australian Securities and Investment Commission (ASIC code, which replaces EFT code).
  • CNN Money reviews Mint and HelloWallet side-by-side.
  • CNN Money names BillShrink as best app to manage your money.
  • Flint Mobile announces partnership with NXGEN subsidiary Fidano to support mobile payment adoption.
  • Through partnership with Luminous, Nihilent to sell Luminous’ solutions in India.
  • IDentity Theft 911 expands service partnership with VyStar Credit Union.
  • Cofounder of TransferWise, Taavet Hinrikus writes in the Wall Street Journal about the importance of team-building for successful CEOs.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 14, 2013

By David Penn Posted on
Categories: ACI Worldwide, CSI globalVCard, FIS, GMC Software Technology, Intuit, LearnVest, mFoundry, PayPal, SafetyPay, Standard Chartered Bank, Temenos, TIBCO Software
  • Thumbnail image for Finovate-F-Logo.jpgTemenos to partner with Caisse Financial Group, providing T24, Insight, Temenos Connect.
  • ACI Worldwide completes Online Resources Corporation acquisition.
  • Standard Chartered Bank moves Africa headquarters from Dubai to Johannesburg.
  • TechCrunch reports: Intuit launching Intuit Pay mobile payments service in the UK.
  • LearnVest aims to hit 100 planners by year-end.
  • TechCrunch reports: PayPal Here takes on Square Register with new iPad payments app.
  • SafetyPay and giropay join forces to secure internet payments in Germany.
  • TIBCO enhances real time loyalty marketing platform.
  • PrintWeek interviews GMC Software Technology COO Michael Watts.
  • CSI Enterprises set to announce updates to its globalVCard pay systems solution at the Innovation Project 2013 in March.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 13, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: Aptys Solutions, Bazaarvoice, Fiserv, IDTheft 911, Manilla, PayPal, PaySimple, Ping Identity, rplan, TradeKing, TSYS, Tuition.io, Virtual Piggy, Waspit
  • Finovate-F-Logo.jpgrplan has launched an online course providing education on the fundamentals of investing.
  • Tuition.io scores a 9 out of 10 in AppStorm’s review.
  • Virtual Piggy receives Frost & Sullivan Excellence in Best Practices Award.
  • IDT & Fiserv partner to expand availability of International calling services and walk-in bill payments.
  • ABC News reviews student banking service Waspit.
  • PaySimple launches redesigned mobile app and credit card reader.
  • Ping Identity names Michael J. Sullivan CFO.
  • TradeKing wins seventh consecutive, four-star rating in Barron’s Online Broker Survey.
  • Cloud Squads reflects on the Bazaarvoice Summit 2013.
  • TechCrunch reports PayPal acquires mobile app development Studio Duff Research to work on its mobile and digital wallet.
  • Aptys Solutions chosen by Texas-based Mainstay Group as payment exchange provider.
  • Manilla adds more than 54,000 small businesses to its network.
  • Identity Theft 911 talks with Reuters about identity protection during tax time.
  • TSYS scheduled to present at Barclays Emerging Payments forum in Boston.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 8, 2013

By Julie Muhn (@julieschicktanz) Posted on
Categories: BehavioSec, Expensify, Fuze Network, Mint.com, Open Bank Project, PayPal, Pindrop Security, SocietyOne, Virtual Piggy
  • Finovate-F-Logo.jpgTechCrunch reports: PayPal separates developer platform from X.commerce, launches Simpler mobile APIs.
  • Springwise considers the open source nature of TESOBE’s OpenBankProject.
  • Pindrop Security named the Best Rookie Security Company at the 2013 SC Awards.
  • Servant of Chaos reports: SocietyOne eyes off disruption in personal lending.
  • Intuit Small Business blog lists Mint and Expensify as 2 of 4 apps to help manage your small business.
  • UK Wired Magazine reports BehavioSec invents alternative to passwords using biometric fingerprints.
  • Edison Investment Research publishes report covering Virtual Piggy.
  • Founder and CEO of Fuze Network, Dave Wilkes, to speak at the 2013 BAI Payments Connect Conference & Expo.
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.

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– March 6, 2013

By David Penn Posted on
Categories: ACI Worldwide, Billhighway, Buxfer, Cartera Commerce, HelloWallet, Mint.com, Pageonce, PayPal, Temenos, TSYS
  • Thumbnail image for Finovate-F-Logo.jpgTSYS makes Ethisphere Institute’s list of the world’s most ethical companies.
  • Opportunity International becomes the first microfinance provider to license analytics solution, Insight, from Temenos.
  • ACI Worldwide presenting at Wedbush Securities Transformational Technologies Management Access Conference today.
  • PayPal signs agreement with Japan-based Softbank and Nihon PayPal KK to extend the PayPal Here mobile payment service to small businesses and entrepreneurs.
  • Cartera Commerce selected by AlwaysOn as OnMedia Top 100 Private Company for third consecutive year.
  • MyBankTracker compares Mint, HelloWallet, and Pageonce.
  • Billhighway announces availability of Give mobile fundraising application.
  • My Money Purdue talks about budgeting with Buxfer.
  • Pageonce COO Steve Schultz interviewed by PYMNTS.com.
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.

Share this:

Send Post Twitter LinkedIn Facebook

PayPal Onboarding Email Messages

By Jim Bruene Posted on
Categories: Alt Payments, Onboarding, PayPal

image As a followup to last week’s post on the signup process at PayPal, I thought I’d share the onboarding messages received during the first 10 days. There have been three so far (see screenshots below):

1) Day 0: Welcome message

2) Day 3: General message about PayPal benefits

3) Day 4: More specific message about shopping with PayPal

I’ve yet to link a credit card or bank account, so I expect more messages in the near future.

Bottom line: Onboarding is one of those areas that is impossible to perfect. It’s an art and you’ll be forever tweaking it. That said, there are some basics tenets to follow: a friendly, immediate welcome message and prompt followups with benefit-laden messages. PayPal ticks the boxes here, though they could add a bit more visual punch and tighter copy.

——————————–

Initial confirmation message from PayPal (24 Feb 2013)

image

Day 3: Followup message outlining PayPal benefits
image

 

Day 4: Followup details shopping opportunities with PayPal

image

Share this:

Send Post Twitter LinkedIn Facebook

Finovate Alumni News– February 28, 2013

By David Penn Posted on
Categories: Acuity Systems, Azimo, BBVA, BillFloat, Comarch, Doxo, Efigence, Kashoo, Keynote DeviceAnywhere, MasterCard, Pageonce, PayPal, PaySimple, ShopKeep POS, Taulia, TESOBE
  • Thumbnail image for Finovate-F-Logo.jpgMasterCard to deploy Mobile PayPass technology in Brazil, the company’s first NFC payment project in Latin America. 
  • Social Commerce Today takes a look at Azimo and the multi-billion dollar remittance market. 
  • Woopra, the customer analytics blog, profiles BillFloat. 
  • BBVA Compass picks Keynote’s DeviceAnywhere platform for mobile app testing. 
  • Kashoo announces “flash sale” for its iPad accounting app. 
  • Mobile Payments Today highlights the Pay Anyone app from Pageonce. 
  • Comarch invests PLN 1 million in a bid to strengthen its customer support services.
  • Wired magazine features Acuity Systems’ Harlan Hutson talking about authentication and moving beyond the digital wallet.
  • Efigence-implemented Alior Currency Exchange wins best innovation of the year award for 2012 from Polish Academy of Sciences and editors of Business Forum magazine.
  • BBVA named Model Bank of the Year by Celent.
  • ShopKeep POS wins Stevie Award for Best customer service.
  • Fortune 100 company chooses Taulia to provide extensive invoicing capabilities.
  • PaySimple launches starter promotional pricing to help newer companies grow and manage their businesses.
  • TESOBE’s Open Bank Project organizes FinTech hackathon in London on the 19th of March at Level39.
  • Doxo introduces provider online bill pay and view.
  • PayPal expands relationship with Coinstar to add coins or dollars into or withdraw money from their PayPal accounts.
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.

Share this:

Send Post Twitter LinkedIn Facebook

PayPal Integrates Bill Me Later “Application” into New Account Signup Process

By Jim Bruene Posted on
Categories: Loans & Credit, PayPal

image As I was researching yesterday’s post on PayPal’s “plastic wallet,” I attempted to sign up for the company’s Anywhere card. Surprisingly, you are unable to get one if you have a business designation on your PayPal account.

So, I signed up for a new PayPal personal account. The process has changed considerably since I last signed up, 13 years ago. One of the most interesting improvements is how it positions the Bill Me Later credit option.

After putting in my name, mail address, mobile number, email address and desired password in the first screen, I was instantly set up with a new PayPal account. At the top of the confirmation page (see below) was a prominent, “Use your account instantly.” Then, users are prompted to add their birth date and Social Security Number, and to agree to the terms.  

This Bill Me Later add-on is not required to use PayPal. There is a small gray button in the lower right to defer the credit app. But the application is so seamless, and so painless, I bet most users complete it (note 1).

Bottom line: This could be an effective way for banks and credit unions to upsell overdraft credit lines or credit cards during the checking account opening process. 

————————————————

Bill Me Later option presented during new PayPal (U.S.) account signup (22 Feb 2013)

Bill Me Later application served in-line with PayPal new account signup

———————————-

Note:
1. In my case, I left my computer for some time and my session timed out, so I lost the opportunity.

Share this:

Send Post Twitter LinkedIn Facebook

Never Mind the Dongles, PayPal’s British Invasion Scheduled for Summer

By David Penn Posted on
Categories: PayPal

Thumbnail image for Thumbnail image for PayPalLogo.jpgLong a staple of alternative payment options in the U.S., PayPal will be making its British debut this summer.

PayPal Here includes a handheld, chip & PIN reading device. This will allow the company to take advantage of the swipe-free, chip & PIN dominated markets of the UK and Europe. The device will be made available to a few British merchants this spring before the official product launch later in the year.

So why did the PayPal cross the Atlantic? Here are a few clues worth keeping in mind:

  • The mobile payments market in the UK is estimated at 18 million customers
  • The UK represents PayPal’s second largest market beyond the U.S.
  • The UK has smartphone penetration of 61%, among the highest in Europe

PayPal_Here_UK.jpg

Take a look at how PayPal Here will work for British merchants and their customers in this video.

With plans to expand beyond the UK to the continent (including, perhaps, to France, home country of PayPal president David Marcus, as noted by TechCrunch‘s Ingrid Lunden), PayPal Here is currently available in Canada, Australia, Hong Kong, and Japan.

PayPal last demoed for Finovate at FinovateEurope 2012. See its presentation here.

Share this:

Send Post Twitter LinkedIn Facebook