Recently in PayPal Category

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgAmerican Banker reports PayPal tests its POS system at Office Depot.
  • LBi integrates Service2Media platform for clients including Coca-Cola, & Sony. Come see Service2Media demo live at FinovateEurope on February 7.
  • Small Business Trends examines the pros and cons of financing a startup using Prosper, Lending Club, or Lendio.
  • Ping Identity launches blog called Identity Matters. Come see Ping Identity at FinovateEurope Feb. 7 in London.
  • FiPath announces campaign to encourage Generation X to save for retirement.
  • Currensee receives additional $2 million in series C financing.
  • Finovate interviews David Barrett, CEO of Expensify http://bit.ly/zVZzD9
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgBusiness Insider looks at how BillGuard and Simple use Big Data.
  • Dough Roller recommends using HelloWallet to keep track of your cash.
  • P2P-Banking looks at Zopa's online marketing spending.
  • NACS Online explores the Dynamics smarter credit card.
  • American Banker suggests banks should consider working with merchant reward companies like Cardlytics and Cartera Commerce.
  • PayPal's payments technology to reach all Home Depot locations by March.
  • SecondMarket exceeds $1 billion in deals.
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.
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PayPal will be expanding its payments trial from five Home Depot locations to 51:

American Banker reports:

"PayPal, of San Jose, Calif., said this month that it is testing this system at five Home Depot stores. This week, it will expand the trial to 51 Home Depot stores: one in Atlanta, six in Omaha and 44 in the San Francisco bay area."

PayPal hopes that by March, the technology will be available in all Home Depot stores across the U.S. 

As PaymentsViews noted yesterday, this is not a mobile payments technology (as mistaken by some). Because the transaction requires a phone number combined with a PIN, the customer never uses a mobile device.

To read a personal account of how the technology works in action, check out what Russ Jones, PaymentsViews writer, has to say about the experience.

To learn more about PayPal, watch its FinovateSpring 2011 demo and come to FinovateEurope this February to watch its latest demo live.

  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgReady Receipts officially launches paperless receipt technology.
  • nFinanSe seeks to halt new debit card network by InComm, alleges price-fixing conspiracy.
  • VentureBeat discusses the IPO market with SecondMarket CEO Barry Silbert.
  • On Deck partners with the National Association for Small Business.
  • SignatureLink to integrate ThreatMetrix's Cybercrime Defender Platform with its technology
  • Intuit hires former Apple executive to lead Canada division.
  • Fox Business News interviews LearnVest founder and CEO, Alexa von Tobel.
  • The Next Web compares and contrasts PayPal and Dwolla with other payment methods.
  • Plastyc's UPside cardholders can now load cash onto cards at 7-Eleven stores.
  • Oregon-based Credit Union launches BancVue's Kasasa.
  • BrightScope partners with social media expert Arkovi.
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.
  • Thumbnail image for Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgSmartMoney (Feb 2012) article, "Attack of the 6.5-point Typeface" cites research from Transparency Labs.
  • Rescuecom asks if Dwolla can become the new PayPal.
  • CNN Money names SmartyPig "Best Savings Alternative".
  • Missouri News channel KY3 recommends using Prosper and Lending Club as a creative way to fund your business.
  • NY Times blog talks about LearnVest as a financial planner for the middle class.
  • AARP lists ChargeSmart as a future way to pay bills using unwanted gift cards.
  • FeeFighters hosts webinar about ecommerce on January 16.
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.
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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.
PayPalLogo.jpg

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.

  • 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.
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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.
  • 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.
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  • Best Buy Canada & Future Shop are the 1st major retailers in Canada to offer eGift Cards via CashStar.
  • 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.
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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.
  • 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.
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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.
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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.
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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.
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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. 


SendMoneyFB.jpg

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.

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  • FiPath (formerly eRollover) launches FiPath for Advisors, online marketing solution for advisor leads.
  • 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.
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  • Read Write Web argues the mobile payments capital of the US is Des Moines, IA thanks to Dwolla.
  • Fox Business News reports GoalMine seeks to level the investing field.
  • PayPal updates its Android app with support for NFC payments.
  • eWise hires Alexandre Gonthier, former Boku CTO, as new CEO.
  • Lendio makes its business loan matching service free.
  • Finextra reports Intuit partners with AT&T to take on Square in the emerging mobile card processing market.
  • Xero updates its app: increases speed and improves UI.
  • Business Insider lists Dwolla and Simple as 2 of 20 most innovative startups in tech.
  • Billeo launches ShopSmart to bring consumers relevant discounts.
  • Zecco hosts $500 sweepstakes.
  • miiCard gives first 10,000 users free accounts for life.
  • Netbanker: Top 10 Reasons Why BankSimple Dropped the Bank.
  • Expensify creates four pricing plans.

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.
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete. 

Out of 268 alumni, 80 had more than 10,000 unique U.S. visitors in September 2011 and are included in the tables below. Of those, 33 (41%) had more visitors in September than August. Year-over-year, 42 (52%) had traffic increases.

Private Companies

  • Seeking Alpha and Cortera had the highest traffic in September with 2.1 and 2.0 million unique visitors, respectively. Cortera also had the highest increase in number of unique year-over-year visits with over 1.5 more visits in 2011 than in 2010.
  • Kabbage had the highest percentage growth year-over-year, up 280x.
  • Weemba saw the highest monthly growth percentage with more than 7.5 times the number of unique visitors in September compared to August.
  • SmartCredit.com had the highest increase in number of unique year-over-year visitors, growing by 126,000.
PrivateWebTrafficSeptember2.jpg
Source: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was August 2011
2) Sears Credit Score is powered by CreditKarma.com
3) Truaxis was formerly BillShrink
4) Kasasa is powered by BancVue

Public companies

  • CheckFree had the highest percentage growth year-over-year, with over 7 times the number of visitors this year than last year.
  • Intuit had a notable increase in number of unique, year-over-year visitors, increasing by 300,000 visits.
  • Check Point had the highest month-over-month percent growth, with 41% more visitors in September than in August.
PublicWebTrafficSeptember2.jpgSource: Compete.com retrieved the week of October 26, 2011

1) The previous month recorded was July 2011.
_______________________________________________________
Notes:
1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 
3. NM = not measurable
4. t= tie
5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete

Out of 268 alumni, 75 had more than 10,000 unique U.S. visitors in August 2011 and are included in the tables below. Of those, 41 (55%) had more visitors in August than July. Year-over-year, 45 (60%) had traffic increases.

Private Companies

  • Seeking Alpha -- the most-trafficked in August with 2.5 million unique visitors -- also had the highest increase in number of unique month-over-month visits with 300,000 more visits in August than in July.
  • Budgettracker.com saw the highest monthly growth percentage with more than 6.5 times the number of unique visitors in August compared to July.
  • Betterment had the highest percentage growth year-over-year, up 88x.
  • Cortera had the highest number of unique year-over-year visitors, growing by 1.5 million. 
August2011PrivateWebTraffic4.jpg
Source: Compete.com retrieved week of October 3, 2011
1) The previous month recorded was July 2011
2) Truaxis was formerly BillShrink
4) Kasasa is powered by BancVue
5) Checkingfinder.com is powered by BancVue

Public Companies

  • Fiserv had the highest month-over-month percent growth, with 50% more visitors.
  • CheckFree had the highest percentage growth year-over-year, with over 5 times the number of visitors.
  • S1 also had a high percentage growth year-over-year, doubling its visitors.
August2011PublicWebTraffic5.jpg
Source: Compete.com retrieved the week of October 3, 2011
1) The previous month recorded was July 2011.
_______________________________________________________
Notes:
1. We reviewed 268 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 
3. NM = Not measurable
4. t= Tie
5. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.
  • Thumbnail image for Thumbnail image for Finovate-F-Logo.jpgMyBankTracker.com covers the FinovateFall Best of Show videos.
  • American Banker discusses the effects that PayPal and BankSimple will have on bank branches.
  • InComm named Leading Prepaid Organization and Best Prepaid Product Distributor at 2011 Prepaid Awards.
  • Dynamics wins Best of Show at 2011 BAI Retail Delivery Conference for its next-gen magnetic stripes.
  • Des Moines Register reports that Ben Milne, Dwolla CEO is to present at the Thinc Iowa event.
  • T8 Webware to provide Call FCU with a custom website.
  • A+FCU launches BillShrink: Statement Reward.
  • Prosper provides even better rate discounts for repeat Prosper borrowers.
  • BillGuard receives $10 Million in Series B funding.

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.
Thumbnail image for PayPalLogo.jpgThis morning at the BAI Retail Delivery conference, I met with Dan Schatt from PayPal to get the inside scoop on its financial innovations. Here's what I found out:

1) It is introducing P2P payment capability with financial institutions. It is now live with USAA and will soon be developed for BancVue's network of nearly 1300 community banks.

2) It has reached an agreement with mFoundry to bring mobile solutions that bring a native app experience to customers located all over the globe. 

3) It has teamed with NCR and S1 to allow customers to send real-time P2P payments directly from ATMs to another individual with a PayPal account.

4) It is partnering with MeridianLink to allow new bank customers to fund their online bank accounts by transferring funds directly from their PayPal account.

5) It has formed a relationship with ezRez Software that, starting next year, will allow consumers to use rewards points and travel miles as a "fluid currency" and deposit that money into their PayPal account. United Airlines customers will be the first to have access to this service through the MileagePlus program.

PayPal will be publishing the details about these exciting developments tomorrow, Thursday, October 13, and I will link to it here

To learn more about PayPal, BancVue, and mFoundry, check out PayPal's FinovateSpring 2011 demo here, BancVue's FinovateSpring 2011 demo here, and mFoundry's FinovateFall 2010 demo here.
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The BAI Retail Delivery conference begins tomorrow with 29 Finovate alumni participating in sessions and/or exhibiting on the trade show floor.

Session Speakers
  • Tuesday, Global Game-Changer Session
    Speaker: Jim Taschetta from FreeMonee
  • Wednesday, Technology for Business Summit 
    Speaker: Mitch Jacobs from On Deck Capital
  • Wednesday, Technology for Business Summit Session 
    Speaker: David Eads from Kony Solutions
  • Thursday, Technology for Business Summit Session
    Speaker: Eric Connors from Yodlee
  • Thursday, Marketing & Product Management Summit Session 
    Speaker: Rod Witmond from Cardlytics
Exhibitors 
BAI Mobile Link
Mobile Link Panel Discussions
Solutions Theatre
Jim Bruene and I (julie@netbanker.com) will be in attendance and will update the blog and Twitter with new developments throughout the event. 
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  • The Future of Media blog refers to CLOVR Media as a disrupter in the industry.
  • Mindful Money lists Zopa as an alternative to receiving bank funding.
  • Josh Reich, CEO of BankSimple, speaks up on why he thinks traditional banks suck.
  • ProfitStars introduces Gladiator Enterprise Security Monitoring Module for NetTeller online banking clients.
  • Wonga CEO named Ernst & Young Entrepreneur of the Year for eCommerce, UK.
  • CU Times reports MShift helps Alaska CU provide iPhone and Android Apps to its customers.
  • PayPal to Open a brick-and-mortar pop-up store in Manhattan.
  • edo Interactive is awarded DMA Innovation Award.
  • Lendio's partnership with Prosper will facilitate small business funding.

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.
PayPalLogo.jpgToday, TechCrunch reported that PayPal is opening a brick-and-mortar pop-up store in downtown Manhattan to showcase its new tools and technology:

"The space will be located at 174 Hudson, which is located in the Tribeca neighborhood of Manhattan. Over the next three and a half months, PayPal will be inviting merchants to visit the space where they will have the opportunity to get real-time demos of the technologies in realistic point-of-sale scenarios."

The store is set to open November 1 of this year.

To learn more about PayPal, watch its FinovateSpring 2011 demo video.
Each month we survey the Web-traffic performance of Finovate alums using data from Web-analytics company Compete

Out of 255 alumni, 59 (23%) had more than 10,000 unique U.S. visitors in July 2011 (see tables below). Of those, 19 (32%) had more visitors than in the previous month and 25 (42%) were flat. Year-over-year, 26 (44%) had an increase, 10 (17%) were flat, and 23 (39%) were down. 

Private Companies
Notable successes:
  • Seeking Alpha had the most traffic in July with more than 2 million unique visitors.
  • eToro saw the highest monthly growth percentage with 3 times the number of unique visitors in July compared to June.
  • Bundle had the highest increase in number of unique month-over-month visits, with 450,000 more visitors in July than in June.
  • eRollover had the highest percent year-over-year traffic increase, with 260,000 more visitors from last July. 
JulyWebTrafficPrivate6.jpg
Source: Compete.com retrieved week of August 15, 2011
1. The previous month recorded was May 2011
2. Sears Credit Score is powered by CreditKarma.com
3. Kasasa is powered by BancVue

Public Companies
Notable successes:
  • PayPal had the highest number of U.S. visitors in July, with more than 30 million visitors.
  • Jack Henry & Associates saw the highest monthly growth with twice as many visitors in July than June.
  • Wipro Technologies had the highest year-over-year growth, with 3 times as many visitors this year compared to last year.
  • FIS Global and Online Resources also doubled their traffic compared to last year. 

JulyWebTrafficPublic4.jpg
Source: Compete.com retrieved the week of August 15, 2011
1. The previous month recorded was May 2011.
_______________________________________________________
Notes:
1. We reviewed 255 Finovate alumni. Only those with at least 10,000 unique visitors in July are listed. 
3. NM = Not measurable
4. Compete estimates online visitors based on the activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic and may undercount at-work usage.

AlumNewsIMG.jpg
Boku
Boku.jpg
CNNMoney examined Zong's competition with Boku. Link

BrightScope
  • The Forbes blog recommended BrightScope as a tool to check your financial advisor's history. Link
  • The Washington Examiner discussed how BrightScope helps consumers make informed decisions about their 401(k) plan. Link

Clairmail
Clairmail increased its security by using authentication from the RSA Secured Partner Program. Link

Credit Karma
The Forbes blog recommended Credit Karma as a tool to track and monitor your credit score. Link

Credit Sesame
Credit Sesame.jpg
The Forbes blog recommended Credit Sesame as a tool to track and monitor your credit score. Link

Dwolla
Dwolla updated its iPhone app to allow customers to send money via email. Link

Dynamics
American Banker discussed Dynamics' adaptability to the mobile payment world. Link

Enloop
Small Biz Technology outlined three of Enloop's features. Link

eToro
AlphaTrade Finance discussed eToro's CopyTrader network. Link

Expensify
Expensify's app was listed as Gearburn's App of the WeekLink

Finsphere
finsphere.jpg
GeekWire reviewed Finsphere's new round of $1.75 million funding. Link

Geezeo
American Banker reported that Geezeo's partnership with Sharetec Systems will help Geezeo reach more credit unions. Link

Guardian Analytics
The Street reported that Guardian Analytics' Anomaly Detection & Fraud Monitoring will help financial institutions meet updated FFIEC guidelines. Link

Kony Solutions
Kony Solutions announced a partnership with Donriver for the delivery of multi-channel mobile apps. Link

Mint.com
The Quickbooks blog examined Mint.com's PFM tool. Link

Monitise Americas
monitise.jpg
Monitise developed two banking apps designed for the iPad for NatWest and RBS. Link

PayNearMe
The Paypers interviewed Avangate and PayNearMe regarding their partnership and various future endeavors. Link

PayPal
TechCrunch speculated that eBay's acquisition of Zong  will advance PayPal's mobile payments. Link

ProfitStars
Credit Union Times discussed ProfitStars' partnership with Corporate One Credit Union. Link

Prosper
The Social Lending Network reviewed Prosper's new Quick Invest feature. Link

Q2ebanking
q2ebanking.jpg
Q2ebanking commented on the security implications of the new FFIEC guidelines. Link

RobotDough
The Motley Fool highlighted RobotDough as a powerful new tool for individual investors. Link

SilverTail Systems
  • Credit Union Times reported that SilverTail Systems' capabilities enable financial institutions to comply with FFIEC guidelines. Link
  • Homeland Security Television profiled SilverTail Systems. Link

ThreatMetrix
ThreatMetrix enhanced its security in anticipation of FFIEC guidelines. Link

TradeKing
Stockbrokers4u.com analyzed TradeKing's services. Link

Xero
Xero hired a CFO onto to its team. Link
yodlee.jpg

Yodlee
  • Yodlee released its new MoneyCenter app. Link
  • Quickbooks' blog examined Yodlee's PFM tool. Link
  • TechCrunch reported that Yodlee reached 30M users. Link

Each month we survey the Web-traffic performance of our alums, using data from Web-analytics company Compete to review the sites they operate. 

Out of 255 alumni, 62 (24%) had more than 10,000 unique U.S. visitors in May 2011 (see tables below). Of the 62 reviewed, 25 (40%) had fewer visitors than in the previous month and 28 (45%) saw a decline year-over-year.

Private Companies
The 44 private companies are as follows:

Notable successes:

  • Cortera saw the highest number of unique U.S. visitors in May, with almost 2 million hits.
  • HelloWallet experienced the greatest month-over-month growth, with more than four times as many visitors.
  • Betterment saw its traffic increase an impressive 38 times from May of last year.

Private Finovate Alumni With More Than 10,000 Unique Visitors in May 2011

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Source: Compete.com retrieved June 29, 2011

Public Companies
The 18 public companies are as follows:

Notable successes:

  • PayPal experienced the highest number of U.S. visitors in May, with over 32 million visitors.
  • TransUnion Interactive saw the highest month-over-month growth with more than two times the number of visitors in May than in April.
  • Sybase 365 experienced the highest year-over-year growth, with its traffic up almost 80% from last year.

Public Finovate Alumni With More Than 10,000 Unique Visitors in May 2011 

May2011PublicWebTraffic.jpg

Source: Compete.com retrieved June 29, 2011

_____________________________________________________________________________

Notes:

1. We reviewed 255 unique sites. Data was unavailable or irrelevant for 201 sites because: 

  • They had been acquired.
  • They were no longer available online.
  • They were not covered by Compete for various reasons (including some that were not U.S. domestic companies).
  • The number of unique visits was too small to be considered accurate.
  • They were subdomains of larger websites.

2. Numbers have been rounded to three significant digits.

3. The charts include companies that did not have measurable traffic in May 2011, indicated by "N/A."

4. Compete draws its information from the online activity of a panel of more than 2 million U.S. Internet users. It is only an estimate of traffic, and may undercount at-work usage.

AlumNewsIMG.jpg
ActivePath
A top Brazilian card issuer implemented an ActivePath solution. Link

AlphaClone
AlphaClone incorporated new sentiment scores into its stock view pages. Link

Bills.com
Bills.com released the results from its Consumer Money Survey that gauges money attitudes and behaviors. Link
BlazeMobile.jpg

Blaze Mobile
Blaze Mobile was awarded a patent for NFC on stickers. Link

BOKU
BOKU released 1-Tap Mobile Billing for the Android and took it live in 56 countries. Link

Braintree
Braintree received $34M in Series A funding from Accel. Link

Currensee
Currensee.jpg
Reuters outlined the benefits of Currensee. Link

Credit Karma
Credit Karma CEO Ken Lin advised consumers how they should deal with credit card offers. Link

doxo 
doxo won the Stevie Award for New Product of the Year for financial services in the 2011 American Business Awards. Link

Dwolla
Dwolla said its Grid payment network is more secure than Visa and MasterCard's card networks. Link

Dynamics
Dynamics raised $35M for computerized smartcards and payment systems. Link

eToro
etoro.jpg
Reuters outlined the benefits of eToro. Link

eWise
gotoBilling, Inc. added eWise's Secure Vault Payments as another payment platform. Link

Expensify
The Wall Street Journal listed Expensify as a must-have mobile tech tool for entrepreneurs. Link

Fiserv
Fiserv entered into an agreement to acquire CashEdge for $465 million to advance its digital payments and channel strategies. Link

Guardian Analytics
GuardianAnalytics.jpg
Yahoo! Finance reported that Guardian Analytics' FraudMAP is helping financial institutions meet FFIEC guidelines. Link

HelloWallet
HelloWallet was added to Mercer's Outsourcing business benefits administration. Link

Intuit
Intuit purchased Mobile Money Ventures' web banking technology to augment its mobile banking capabilities. Link

Kony Solutions
KonySolutions.jpg
The American Business Awards selected Kony Solutions as the Most Innovative Company of the YearLink

Lendio
The Launch blog highlighted Lendio. Link

Outright
Outright rolled out a new report function allowing clients to view sales by state. Link

PayPal
PayPal reached 100 million active users. Link

Profit Stars
Profit Stars introduced its new Remote Deposit Anywhere solution. Link

Prosper
  • Former Lending Club director Joseph Toms joined Prosper as its Chief Investment Officer. Link
  • The San Francisco Times reported on Prosper's growth. Link

Q2ebanking
q2ebanking.jpg
Q2ebanking was noted as a service to help community financial institutions meet FFIEC Guidance. Link

SimpleTuition
SimpleTuition expanded its student loan payment options by partnering with Discover Card. Link

SmartyPig
SmartyPig was recommended by Mint.com as a way to save for impulse purchases. Link

TradeKing
TradeKing implemented SunGard's MarketMap to deliver market data to its active trading platform. Link

UBank
Mashable highlighted UBank's feedback forum. Link

Voice Commerce
Voice Commerce launched a payment solution for the iPhone. Link

Wikinvest
wikinvest.jpg
PC mag reviewed Wikinvest's mobile app. Link

Xero
Tech Day assessed Xero's Debtor Daddy service. Link

To follow updates from Finovate alumni companies in real time, be sure to follow us on Twitter.
 
Backbase extends content services offerings. Backbase CMS is available as an add-on module. http://bit.ly/finovate420112

BancVue launched "Money Island," an educational game for children to be offered by banks and financial institutions. https://demo.moneyisland.com/

BillFloat partners with Online Resources to offer small-dollar loans to biller clients. Online Resources will now offer BillFloat as a payment option. http://bit.ly/finovate418112

Doxo signs Oregon Federal Employees Credit Union (OFECU). Members will be able to receive statements and banking documents via the service. http://bit.ly/finovate421111

Dwolla will provide an online payments option at Tikly, an online ticketing startup  expected to launch within the next thirty days. http://bit.ly/finovate418113

eToro surpasses 1.5 million users. The company cites the growth of thousands of members joining per day since the launch of eToro's social platform, OpenBook. http://prn.to/finovate421113

PayPal and Discover partner on person-to-person payments. Rollout begins this week for Discover's person-to-person payments system. http://bit.ly/finovate42112

Several Finovate Alumni firms have been nominated for Webby awards. Good luck to Lending Club, Mint, Billeo and Kashoo. http://bit.ly/finovate420116

SmartyPig eliminates redemption fees. Transferring SmartyPig savings account funds to a retailer gift card is now free. http://bit.ly/finovate418111

Yodlee partners with Boursorama to provide Money Center service. Boursorama customers will receive the Money Center PFM service free of charge. http://bit.ly/finovate420115

Alumni News -- Week of August 1, 2010

Here are our news updates for the week of August 1, 2010. To get our updates real-time, follow us here

Home ATM announces the addition of OB Rawls IV to its board of directors. Mr. Rawls most recently served as vice president at the Hypercom Corporation. http://bit.ly/finovate834  

British PM David Cameron visits Infosys HQ. The Prime Minister visited to discuss opportunities between Britain and India in technology. http://bit.ly/finovate833 

See how Kabbage borrowers really use their loans to start online (eBay and Etsy stores). This post on the Kabbage blog was written by Kabbage borrowers to break down how Kabbage is helping to build their business. http://bit.ly/finovate812

Kapitall has added a class of 19 "Summer Investors." Follow their progress on the Summer Investors blog. http://bit.ly/finovate832 

Kapitall hosts mock portfolio challenge to win an iPod touch. Read the rules here. http://bit.ly/finovate862  

Kapitall just got friendlier. Meet up with your Facebook friends via the new Kapitall/Facebook integration. http://bit.ly/finovate813 

Kasasa changes their Kasasa Giving program. Kasasa allows users to decide how much to give. http://bit.ly/finovate863    

Kasasa Tunes are now available in Mississippi. Magnolia Federal Credit Union went live with Kasasa Tunes on July 18. http://bit.ly/finovate814 

Card Services for Credit Unions (CSCU) partners with MShift. The partnership will provide CSECU's 3,000 member credit unions with the latest in mobile-banking technology http://bit.ly/finovate835

PayPal upgrades Android app. See TechCrunch's review comparing the Android version to the iPod version of the P2P payments app. http://tcrn.ch/finovate861

The Receivables Exchange is listed as one of the 40 most influential financial tech companies in a list compiled by Institutional Investor Magazine. http://bit.ly/finovate811
 
SecondMarket appears in CNBC story about Techonomy 2010 business conference. The conference is being held this week in Lake Tahoe, California. http://bit.ly/finovate831

Hard-core Wesabe users can download some of the open source code. For other users, Wesabe offers a list of alternatives at their blog. Sorry to see them go. http://bit.ly/finovate815 
Finovate is a unique conference series that showcases financial and banking technology innovation. This blog tracks the companies that have demoed at Finovate. Register now for FinovateEurope 2012 (London, February 7) and FinovateSpring 2012 (San Francisco, May 8 & 9).
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