Finovate Alumni News– June 4, 2014

  • Finovate-F-Logo.jpgCommercial collection agency DAL is the first partner to go live with Cortera Open Receivables.
  • The Bancorp Bank implements Cachet Financial’s CheckRisk Pro, a tool for mitigating risk in remote deposit capture programs for financial institutions and credit unions.
  • CardFlight to use Apple’s Touch ID to give merchants an easy way to sign into mobile POS app.
  • Financial services provider, SHAZAM Network, collaborates with D3 Banking to provide omnichannel SaaS solution.
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.

SimpleTuition Launches Student-Friendly SmarterBank, Powered by The Bancorp Bank

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Yesterday, SimpleTuition, a site designed to help students find an ideal student loan, debuted SmarterBank, a student-friendly online bank account that’s powered by The Bancorp Bank.

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The Bank

SmarterBank, which offers a free checking account that features online banking, bill pay, and a Visa debit card, is designed to help account holders pay back their student loans. It does this by enabling users to set up payments (one-time or recurring) that feed directly to their student loans. It also features a friends and family contribution function that directly pays down the loan with micropayments.

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The Rewards

Another student-friendly aspect of SmarterBank is SmarterBucks, its free rewards program. Through a partnership with merchant rewards program, RewardsNOW, SmarterBucks enables users to accumulate rewards on everyday purchases that are automatically used to make extra payments on their students loans. This summer, it plans to offer special rewards targeted toward students.

A linked savings account is currently in development and is slated for later this year.

To learn more about SimpleTuition, watch its FinovateStartup 2008 demo.

The Bancorp Bank to Issue Suze Orman’s New Prepaid Debit Card

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Finovate sponsor, The Bancorp Bank, recently announced it will be issuing Suze Orman’s new prepaid debit card, The Approved Card:

“The Approved Card created by Suze Orman carries her name and a promise of excellent benefits and value with no hidden fees. The Approved Card offers a wide array of benefits for a prepaid card, such as identity theft protection, TransUnion credit scores, reports, monitoring, transparent and competitive fees, as well as money management tools.”

Orman sees the launch of this card as the single most important thing she’s done in her whole career and considers it to be the answer for consumers who are looking for a better way to bank.

To learn more about the card, check out Ron Lieber’s article in the New York Times.

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.