How they describe themselves: BillGuard, a personal finance security startup, recognized by O’Reilly Media as the 2011 Big-Data Startup of the Year and by TechCrunch as 2011’s Top Startup Runner-Up, has developed a groundbreaking new approach to identifying unwanted and unauthorized charges on consumer credit card bills. Powered by the collective knowledge of millions of consumers flagging and posting billing complaints online and BillGuard’s advanced transaction data mining algorithms, BillGuard scans card activity daily and alerts consumers to hidden charges, billing errors, misleading subscriptions, scams and fraud. BillGuard provides a free consumer service at www.billguard.com and partners with banks to offer its advanced card protection services as a seamless part of your online and mobile banking experiences.
How they describe their product/innovation: BillGuard is people-powered antivirus for bills. BillGuard.com is a free online service that enables consumers to protect their credit cards and debit cards from hidden charges, billing errors, misleading subscriptions, scams and fraud. BillGuard will also unveil its new browser extension that brings the power of BillGuard into online bank statements.