Recently in Intuit Category

Visa shared on its blog yesterday that California-based Intuit recently launched a prepaid Visa card called GoPayment:

"Those who use Intuit's GoPayment mobile acceptance app and reader can now link their GoPayment account to a Visa prepaid card, conveniently separating the funds collected through GoPayment from other finances."

Users can make purchases with the card online and in-store, and they can use it to withdraw cash at an ATM.

To learn more about the two companies, watch Visa's FinovateSpring 2010 demo and Intuit's Finovate 2009 demo.

Seven Finovate alums have received awards recognizing their innovations in the banking and finance industry, and we'd like to take a moment to congratulate each of them.

Bank Technology News "Innovators of the Year"

Bank Technology News recently released it's ninth annual list of Innovators. This year, of the 20 honored, four are recent Finovate alums: Intuit, Backbase, Segmint and CashEdge. For more information see the American Banker Article.  Segmint was honored for its pioneering work helping banks get better at one-on-one marketing, Backbase for online banking widgets, Intuit for online banking and tax-preparation, and CashEdge for its new POPmoney P2P payment service.

The coveted "Webby"

The "Webby" award, established in 1996, has been called by the New York Times,the highest honor that the Internet has to offer. Honorees are selected in nearly seventy categories. Following are this year's winners in the financial services categories:

• Banking/Bill Payment: moneyStrands won the Webby in Wonga took home the People's Choice award for the category.

• Financial Services: Mint.com won both the Webby and "People's Choice"

For more about the Webby Award, see http://www.webbyawards.com/.

Finovate demo video links:

Backbase--Backbase's Finovate debut was the Spring 2010 show (video coming soon).

CashEdge--The POPmoney demo video from Finovate2009 is online here. 

Intuit--View the company's Finovate video demo (fall 2009) online here. 

Mint--You can see its first demo video here.

MoneyStrands--View its video demo from Finovate 2009 online here. 

Segmint-- Segmint first demonstrated its services at FinovateSpring 2010 and the video can be seen online here. 

Wonga--Wonga's Finovate debut was the FinovateStartup2009 conference. Video is not available.  

Here are the news headlines we posted this week on Twitter (follow our feed here).

Expensify releases version 2.0 of iPhone app for expense reports - The new Expensify app now allows users to add cash expenses and scan receipt images to work off

line. Users can now create an entire expense report from their mobile device. http://bit.ly/b1CAc0

AlphaClone adds new search, percent of portfolio - The AlphaClone percent of portfolio option allows viewers to look at a single stock and see which funds have the greatest exposure within a portfolio. http://bit.ly/dojmhz

Lee Barba and Bruce Shelly join the Kapitall team - Barba joins the Kapitall Board of Directors with experience in acquisitions. He was CEO of Investools. Shelly joins the team as Advisor to Kapitall with experience from the video gaming business. http://bit.ly/a4Augw

Amazon Payments Implements Yodlee Instant Account Verification - Amazon Payments now uses Yodlee's technology to verify user accounts to create faster, safer P2P transactions according to Yodlee. http://bit.ly/9UThEa

Intuit has selected Expensify as a promotion partner for expense

reporting -The Intuit Workplace App Center with Expensify, MyFax, and OfficeDrop. http://bit.ly/dwQiry 

iBearMoney launches the Money 4.1 App - iBear Money's Money 4.1 works on Windows mobile phones, iPhone, iPod Touch and now iPad and allows users to synchronize data between multiple devices. http://bit.ly/atbUPw

BillShrink.com launched a new search for TV, cable, satellite services to search for the best value - Billshrink's new search allows users to compare television service pricing based on their preferred channels or programs and available service based on the user's address. http://tcrn.ch/cujEE8

Fiserv, Inc. study shows that 80% of internet-capable households use online banking while only 40% use online billpay - The Fiserv, Inc. study also shows that women now make up the majority of online bill pay users, a reversal from the 2002 study. http://bit.ly/dtVOFM

Fiserv, Inc. partners with Phone Factor, Inc. to provide phone-based user authentication - The Fiserv, Inc. partnership will allow financial institutions using the Fiserv systems to provide passive or active user authentication via customers' mobile phones. http://bit.ly/bz1tvo

Visa, Inc. and Monitise PLC announced a joint venture to provide mobile payment technology in India - India is the world's second-largest mobile market with nearly 600 mobile-subscriptions. The technology from Monitise will allow for bill-payment, transit ticketing and other services via mobile phone. http://bit.ly/bLFgmI

BancVue announces results for Kasasa - Since its launch in May 2009, Kasasa has produced 71% lift in new account acquisition at its member banks and credit unions, says parent company BancVue. Of these new accounts, 53% represented new customers to the financial institutions. http://bit.ly/9zbvae

CashEdge cuts fraud by $140 Million - CashEdge announced that it has prevented an estimated $140 million in client fraud losses in 2009 through its risk-management services. The dollar amount is derived from the total value of potentially fraudulent transactions detected and prevented by CashEdge's risk-monitoring services. http://bit.ly/aoyaaZ

ClairMail announces new Mobile Connectivity Architecture platform - ClairMail's new platform for financial institutions will allow institutions to offer mobile banking services including real-time transactions and account management. http://bit.ly/9SjpK7

Digital Insight changes name - Digital Insight has rebranded as Intuit Financial Services. The company was acquired by Intuit in 2007. http://bit.ly/9jM4QB

Expensify celebrates first anniversary - During Expensify's first year, it raised $1 million, came out of beta, launched in the Google Apps Marketplace, and integrated with Outright.com, Salesforce, and Intuit. http://bit.ly/asZr1z

Kapitall demos at Apple Store - Kapitall will preview the beta version of its online investing platform on March 24, in the San Francisco Apple Store. CEO Gaspard de Dreuzy will present the product. http://bit.ly/a4i4Oh

Kasasa adds SMW Federal Credit Union - SMW Federal Credit Union is the first financial institution in Minnesota to offer Kasasa brand checking accounts. SMWFCU offers three of Kasasa's four products - Kasasa Cash, Kasasa Tunes, and Kasasa Giving. http://bit.ly/bKvXFC

Lending Club reaches milestones - Lending Club issued its 10,000^th loan, surpassing $95 million in loans issued. The company also exceeded $1 billion in loan applications. http://bit.ly/dmC9VK

Mint.com wins Web award at SXSW Conference 2010 - Mint won the "Classic" category at the SXSW Conference Web Awards. While the SXSW awards generally note the best new Internet destinations, the Classic Award honors sites that have been in operation for more than a year. http://bit.ly/dDyP5t

ThreatMetrix launches Fraud Network - ThreatMetrix launched Fraud Network, a suite of tools for e-commerce, financial services, and information-technology companies. Fraud Network provides tools for verifying new accounts, authorizing payments and transactions, and authorizing user logins. http://bit.ly/b26pLo

ThreatMetrix partners with Verifi - ThreatMetrix is partnering with Verifi to deliver its fraud detection and risk-assessment tools to merchants through Verifi's payment risk-management system. Verifi provides global electronic payment solutions for card-not-present retailers. http://bit.ly/bGcqW3

TradeKing earns 4-star rating from Barron's - Online broker TradeKing was awarded a four-star rating in Barron's 15th annual Best Online Brokers survey. TradeKing ranked sixth overall out of 22 firms evaluated. This is the fourth consecutive year that TradeKing has received four stars (out of a possible five) from the survey. http://bit.ly/9Zz1cF

TradeKing launches trading-info site - TradeKing launched OptionsPlaybook.com, a free online resource for beginning and advanced options traders. The site includes jargon definitions, a brief history of the options market, and more than 40 options strategies. http://bit.ly/9Gxda7

Tyfone partners with First Data - Tyfone is partnering with First Data to provide SideTap micro secure digital (MicroSD) memory cards. The cards can contain financial information and secure identification from multiple sources such as retailers and financial institutions, creating a virtual wallet. http://bit.ly/byoHJH

Yodlee to host webinar - Yodlee is hosting a free webinar on conversion strategies for bill payment systems on March 23. The webinar will focus on changing bill payment systems without disrupting users. http://bit.ly/aslHQG

ZimpleMoney offers Starbucks card - ZimpleMoney sent a promotional message to its members, offering a $25 Starbucks card if a loan is initiated. The loan must be accepted by March 31 to qualify. www.zimplemoney.com

Here are the news headlines we posted this week on Twitter (follow it here).

AlphaClone to Launch Investment Accounts -- Investment research firm AlphaClone announced that it plans to offer managed account services later this year. http://bit.ly/ayOI5t

BrightScope Partners with Acceleration Retirement -- BrightScope announced a partnership with Acceleration Retirement, a provider of marketing and lead-generation services to retirement plan advisors. The deal combines BrightScope's data and analytical tools with Acceleration's marketing and practice-management experience. http://bit.ly/c780Zs

CashEdge to Support HelloWallet -- CashEdge will provide financial data aggregation for new PFM website HelloWallet. CashEdge draws data from bank accounts, investments, retirement accounts, insurance plans, credit cards, mortgages and annuities. http://bit.ly/9xjRqD (Netbanker coverage of HelloWallet here.)

Check Point Wins Award from SC Magazine -- Security software firm Check Point was recognized with a Reader Trust Award from SC Magazine for its Security Gateway R7, which took the award for Best Enterprise Firewall. This is the sixth time SC Magazine has given Check Point an award for achievement in information technology and security. http://bit.ly/doRu4B

Expensify Offers App on Google Apps Marketplace -- Expensify announced that its small-business expense management app is now available on Google Apps Marketplace, Google's recently launched storefront for online products and services. The Expensify app enables users to import expense data from their credit cards, manage receipts online, and create expense reports. http://bit.ly/cYjDLq

Four Finovate Alumni in Panel Discussion at SXSW - Credit Karma, Lending Club, Mint, and SmartyPig will discuss banking industry innovation at the SXSW conference on March 13 in Austin, Texas. The panel discussion will include Rob Garcia, Senior Director of Product Strategy for LendingClub.com; Aaron Forth, VP of Product at Mint.com; Kenneth Lin, CEO of CreditKarma.com; and Bob Weinschenk CEO of SmartyPig.com. http://bit.ly/dbuYuR

GreenSherpa Upgrades -- GreenSherpa announced several upgrades to its web-based application, including changes to user collaboration and integration features, cash flow projection capabilities, and the graphical user interface. http://bit.ly/alnZeW

New Funding and Board Member for Home-Account -- Bills.com has doubled its financial investment in Home-Account. In addition, Mark Goines, a former director of Mint and a former Intuit executive, has joined Home-Accounts Board of Directors. Goines also made an unspecified angel investment in Home-Account. http://bit.ly/aJGuzs

Intuit Offers Payroll Suite on Google Marketplace -- Intuit is offering its Online Payroll suite of web applications on Google's new Apps Marketplace. Intuit also intends to make the payroll solution available through its own Intuit App Center. http://bit.ly/9dsR19

iPay Technologies Partners with Q2ebanking -- iPay Technologies and Q2ebanking announced a new alliance that will allow iPay to offer its bill payment solutions to Q2's customers. Q2 provides financial services technologies to community financial institutions. http://bit.ly/9T6CQ9

Tom Burgess Joins Micronotes' Advisory Board -- Tom Burgess, the founder and CEO of Third Screen Media, has joined the advisory board of online marketing company Micronotes. Burgess will serve as a marketing practices advisor. Third Screen Media was a wireless advertising company that was acquired by AOL in 2007. http://bit.ly/bUEd7Q

mFoundry Receives Paybefore Award -- mFoundry won the Best Virtual Prepaid Card category in Prepaid Media's fourth annual Paybefore Awards. mFoundry was recognized for its work on Starbucks Mobile, which allows consumers to use mobile devices to track activity on Starbucks cards. http://bit.ly/doCsP4 (Netbanker blog on Starbucks Mobile here.)

Mozo Launches Program for Students - Australian financial comparison company Mozo has launched a new service called the Student Room. The program helps university students find deals on banking services, including special offers designed for students. http://bit.ly/dBsgMu

S1 acquires PM Systems -- On March 4, S1 completed acquisition of PM Systems for $29 million. PM Systems provides internet banking, bill payment, and security solutions for credit unions. S1 announced the acquisition in its statement of its fourth quarter results. http://bit.ly/aF2Jvz

The Receivables Exchange Reports Sales Growth -- The Receivables Exchange, an online marketplace for receivables trading, reported 100% quarter-over-quarter growth in receivables sold in Q4 2009. http://bit.ly/asQqNm

Fast Company Magazine released its annual list of the 50 most innovative companies for the year. In addition to the top 50, the most innovative firms in a wide range of categories, including the financial sector, were named. We are happy to see that five Finovate alumni made the cut.

1. FiLife. Not only was it the first on the finance category list, FiLife was the only finance company to make it on the overall Top 50, joining Facebook, Amazon, Google, and IBM. FiLife was ranked #27, placing it above Microsoft and Twitter. FiLife provides a social site for financial advice and discussion (Finovate2008 video here).

2. Intuit. Runner-up Intuit, with a rich portfolio of products including Quicken, Quickbooks, TurboTax and now Mint.com, was described as "the new leader in online money management." (Finovate2009 video here.)

3. Yodlee. The leading provider of aggregation services to banks and PFMs was cited for its   FinAppStore, announced at Finovate2009 (Finovate2009 video here).

4. Triodos. A Dutch bank that backs organizations that create social, environmental, or cultural value.

5. Enterprise Community Partners. An investment company working to fund affordable housing.

6. Itaú Unibanco. This Brazilian bank is the largest financial conglomerate in the southern hemisphere.

7. Credit.com. Provider of free credit information and advice. The article notes that Credit.com won Finovate2009's Best of Show (Finovate2009 video here).

8. Vancity. Canada's largest credit union and funder of community-benefit initiatives.

9. Simplifi. A personal finance and investment advice website. The article mentions Simplifi scoring Best of Show at FinovateStartup 2009 (FinovateStartup 2009 video here).

10. Vittana. An education-funding startup financed by small donors in the US, Germany, and Sweden, providing the first student loans ever to Peru, Paraguay, Nicaragua, Mongolia, and Vietnam.

Fast Company Lists Ten Most Innovative Financial Companies.

(Note: The article uses a screenshot from Credit.com)

Here are the news headlines posted recently on our Twitter feed (follow it here).

Billeo's iPad Sweepstakes -- From Feb. 4 to April 5, Billeo is offering an incentive for new users. Sign up to Billeo and be entered into a sweepstakes to win a new iPad. No purchase is required, but you must download the Billeo app and register. http://bit.ly/7JU7q3

Credit Karma Adds Users and New Tool -- Credit Karma doubled its users in 2009 and now serves more than 1 million users. On Feb. 3, the company announced its new Savings Dashboard tool, which helps consumers capitalize on improvements in their credit scores. www.creditkarma.com

Expensify Launches Palm Pre App -- Expensify has released a new app for the Palm Pre that scans receipts and tracks expenses. The company already has apps for iPhone, Blackberry, and Android. http://is.gd/7B22C

GreenSherpa Wins Catalyst Competition Award -- Social networking company Girls in Tech and broadcast platform Vator.TV have announced the winners of their joint Catalyst Competition honoring women-led startup companies. GreenSherpa was among the five winners selected. Other winners were AccessDNA, BakeSpace, MyLawsuit, and Marriage.com, with Graspr winning the popular vote. http://bit.ly/dw7HU1

Intuit Launches PFM product in India -- Intuit has launched a new financial software product in India. The new Intuit Money Manager application aggregates account data and allows users to view real-time information about their expenses. The tool can also track investments, insurance, and other financial instruments through Intuit's collaboration with Moneycontrol.com. http://bit.ly/9N1xMs

Mortgagebot Reports Growth in Users and Revenue -- Mortgage technology provider Mortgagebot reported a 25% growth in revenue for fiscal 2009. The company also gained about 200 new clients in 2009 and now serves nearly 950 clients. http://bit.ly/c9ugjC

Silver Tail to Present Webinar -- On Feb. 23, Silver Tail Systems will present a free webinar on screen injection, a new hacking technique threatening the security of online banking sites. Silver Tail's founder, Laura Mather, Ph.D., will provide detailed information on the hacking technology. http://bit.ly/caqtH8