How they describe themselves: Billeo creates browser applications that help consumers save time and money while shopping or paying bills online. By helping consumers take full advantage of their financial relationships and loyalty programs, Billeo’s free apps save users 6 to 11 percent per purchase. Billeo also provides financial institutions, like Visa and American Express, with context-aware shopping and bill pay technologies, helping them better interact with their customers online. Over 40 banks, six of the top 10 card issuers, and more than 1,000 merchants are part of the trusted Billeo network.
How they describe their product/innovation: ShopSmart is the first app that allows financial institutions to interact with online shoppers on the iPad. The app’s integration with loyalty programs, Facebook and daily deal sites helps financial institutions tap into the enormous potential of social commerce. Consumers save time and money by taking full advantage of all their financial relationships and daily deals. They also benefit from the advice of their Facebook friends while shopping on their iPads.