Finovate Alumni News– January 12, 2012

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  • Netbanker: Is BancVue’s Kasasa to Checking What “Intel Inside” was to PCs?
  • The Financial Brand reports Segmint’s Lifestyle Indicators target financial institutions’ online ads.
  • Ping Identity exceeds $100 million in total sales. Come see its live demo at FinovateEurope Feb. 7.
  • Actiance partners with EarthIntegrate to enable advisors to personalize content via social media channels.
  • ARS Technica describes how Dynamics technology can hinder on-and-offline fraud.
  • VentureBeat reports PayPal reaches $4 billion in mobile payments in 2011, a jump from $750 million in 2010.
  • ZoneAlarm publishes infographic on security concerns with online banking.
  • The Bancorp Bank to issue Suze Orman’s new prepaid debit card.
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.

PayPal Partners with Payment Solution Company ABJ Software

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Fresh after PayPal revealed its point of sale pilot with Home Depot stores, TechCrunch reports that PayPal has partnered with ABJ Software, an international company that specializes in transaction authorization, PIN and point of sale communication, and many other solutions.

TechCrunch reports:

“AJB will build a native PayPal interface within its integrated payment solutions platform. The interface can then be made available to AJB’s retail customer base…. Similar to the Home Depot integration, PayPal members will have the option of paying for merchandise by swiping a PayPal Access Card or by entering the mobile telephone number and password associated with their accounts.”

This partnership will help PayPal’s technology reach 250,000 point of sale terminals in ABJ’s 140-plus retailer base.

To learn more about PayPal, watch its FinovateSpring 2011 demo and come to FinovateEurope 2012 in London next month to see its live demo.

Finovate Alumni News– January 11, 2012

  • Forbes lists Expensify as 1 of 10 financial innovations that will make your life easier in 2012.
  • Guardian Analytics releases Anomaly Detection Toolkit to help FIs address the expectations for layered security.
  • Tax compliance monitoring service, Tax Guard, partners with ProfitStars.
  • ValidSoft joins “Get Safe Online” to help consumers protect themselves. Watch its live demo at FinovateEurope.
  • Regions Bank joins eWise’s Secure Vault Payments network.
  • Intel will use SecureKey’s authentication technology on new Ultrabooks.
  • PayPal partners with payment solution company ABJ Software.
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– January 5, 2012

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  • American Banker describes how T8 Webware, Micronotes, and FreeMonee predicts what customers will buy.
  • Seattle’s King 5 News highlights Linkable Networks’ digital coupons.
  • TechCrunch reports Credit Karma enrolls 100,000 users for its credit monitoring service in one day.
  • Business Insider recommends using BillGuard to prevent credit and debit card fraud.
  • BetaBeat looks at what LearnVest is doing with its $19 million round of funding.
  • ReadyForZero introduces its New Year’s challenge.
  • TechCrunch reports John Donahue, Ebay CEO will serve as PayPal’s interim president since PayPal President Scott Thompson left for Yahoo.
  • ProfitStars reaches milestone of providing image & data conversions for 1,000 FIs over the past 5 years.
  • Check Point Software Technologies works with Amazon Web Services secure the cloud.
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– December 22, 2011

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  • Best Buy Canada & Future Shop are the 1st major retailers in Canada to offer eGift Cards via CashStar.
  • The Street interviews Zecco CEO, Michael Raneri.
  • Fox News interviews Dwolla CEO Ben Milne about the startup’s business model.
  • PayPal partners with Fandango to allow users to purchase movie tickets using PayPal.
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– December 15, 2011

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  • Celent’s report identifies ProfitStars as the market share leader in Remote Deposit Capture.
  • Finextra looks at the growth and success of Lending Club, Prosper, and Zopa.
  • Segmint appoints Thomas C. Tyler as VP.
  • PayPal plans its own version of daily deals.
  • Dwolla gives users instant access to cash.
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– December 12, 2011

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  • The Wall Street Journal recommends Braintree & PayPal as online payment platforms.
  • Dwolla reports there are more merchants using Dwolla in San Francisco and New York City than there were in Des Moines 1 year ago.
  • Accounting web recommends using Xero to automate business accounting.
  • Mootwin receives 4 million euro in series B funding round.
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.

Out of the Inbox: PayPal Advantage Congratulations (2011 version)

imageLast year I highlighted PayPal’s frequent shopper program, PayPal Advantage. I just received my second annual congratulatory email (see first screenshot below), confirming that I qualified for another year of membership by spending at least $5,000.

While the program seems relatively unchanged, one addition is a 3% discount on StubHub tickets, also owned by eBay (see second screenshot). It’s a nice perk, if you remember to use it (tickets must be purchased via a link from within PayPal).

image Bottom line: While I can’t evaluate the ROI from the outside, I can say that as a customer, I appreciate being recognized. And access to Priority Customer Support, though I’ve never tested it, provides added peace of mind.

 

Marketing aside: PayPal is featuring actual users in their ads. Customers, like Randy H., below, can apply to be featured in PayPal advertising by submitting a story at PayPal.com/castingcall (see third screenshot).

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Congratulatory email from PayPal (1 Dec 2011)

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StubHub offer (link)

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PayPal testimonials (link)

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Note: We cover email marketing, payments and much more in our subscription publication, Online Banking Report.

Finovate Alumni News– December 1, 2011

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  • Bank Technology News lists ActivePath, Cardlytics, and PayPal as 3 of the top 10 tech companies to watch.
  • mFoundry powers First Hawaiian Bank’s m-banking.
  • The Houston Chronicle examines how Dwolla helps consumers give money to friends & family without exchanging cash.
  • Mixergy interviews Matt Fellowes, CEO of HelloWallet, to discover how it went from 0 to 300K subscribers in 5 months.
  • Plastyc receives over $1.2 mil in new funding from undisclosed investor.
  • Acculynk forms International Internet PIN Acceptance Consortium with major e-commerce merchants.
  • Taulia’s billFLO to continue service beyond December 1 shutdown date.
  • Continuity Control doubles 3rd quarter revenue, partners with BancVue.
  • PeerTransfer partners with Tuition Management Systems.
  • MasterCard invests in mFoundry to bring PayPass to mobile phones.
  • Dwolla now free for transactions under $10.
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– November 30, 2011

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  • Fox Business News interviews SmartCredit.com’s John Ulzheimer.
  • TechCrunch reports PayPal’s cyber Monday mobile payment volume is up over 500% from last year.
  • Bank Technology News profiles ActivePath.
  • Samurai from FeeFighters is now incorporated into Shopify in beta.
  • eRollover.com changes its name to FIPath.com.
  • Discover placed on 2011 InformationWeek 500 list that honors America’s most innovative users of business technology.
  • Bank Technology News profiles Cardlytics.
  • E*Trade to use Mitek’s remote check deposit technology.
  • Silicon India Startup lists SimpliFI as a tech tool to track investments.

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.

PayPal Relaunches Facebook App For Friend-to-Friend Payments

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Yesterday, PayPal relaunched Send Money, a Facebook app that allows payments, accompanied by e-cards, to be sent to friends. PayPal says 80% of its active users also use Facebook. 

The process begins inside Facebook where the app is launched and the recipient is chosen from the friends list. Then users select an e-card image, add a personal greeting, and type in the amount of the payment. The final step takes users into their PayPal account, where they login with their PayPal username/password, to confirm the transaction. Recipients need a PayPal account to redeem the cash. 

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While the e-cards and P2P payments are free, PayPal’s international fees still apply.

To learn more about PayPal, watch its FinovateSpring 2011 demo.

Finovate Alumni News– November 18, 2011

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  • FiPath (formerly eRollover) launches FiPath for Advisors, online marketing solution for advisor leads.
  • Reuters discusses the benefits of BillGuard.
  • TSYS signs largest private bank in Azerbaijan.
  • MShift to power AmeriCU’s mobile banking platform.
  • StockTwits & Gnip partner to cater to traders.
  • StockTwits goes International with its real-time financial platform.
  • Mitek doubles clients, plans to enter insurance vertical.
  • PayPal relaunches Facebook app for friend-to-friend payments.
  • Expensify launches lite iPhone app for mileage support.
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.