Alumni News– September 15, 2014

• Moven CEO Brett King says Apple Pay anticipates the end of physical bank cards.

• United Way Worldwide now accepts bitcoin courtesy of Coinbase.

• Monitise releases fiscal year 2014 financial results; announces new strategic partnership with Santander.

• Business Spectator looks at how Apple, Google, Lending Club, and SocietyOne are part of “banking’s double disruption.”

• Allied Payment Network announces integration of FlexPay with PicturePay.

• Feedzai teams up with Azul Systems to speed its real-time data analysis.

• The Washington Post features Betterment and HelloWallet.

• Millicom and Kalixa partner to offer payment acceptance services for businesses and consumers in Africa and Latin America.

• ProfitStars introduces Gladiator Hosted Network Solutions to enable FIs to move their IT infrastructures to the cloud.

• Rippleshot, Braintree highlighted in Chicago Tribune column as examples of local contributors to the commerce infrastructure.

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.

Alumni News– August 4, 2014

• Oink adds payment solutions provider Merchant e-Solutions to its Channel Partner program.

• American Banker takes a look at Credit Karma’s plan to provide free, weekly credit reports to its 25+ million members.

• Allied Payment Network announces 99.2% read success rate when processing payments via PicturePay.

• Intuit to acquire tax filing software startup, KDK Software.

• MorningStar’s Christine Benz interviews MaxMyInterest founder, Gary Zimmerman. See MaxMyInterest at FinovateFall 2014 in New York.

• EZBOB reports boost in client volume.

• Wall Street & Technology talks gamification and compliance training with True Office.

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.

Finovate Alumni News– February 25, 2014

• Netbanker considers why the BBVA Simple Bank deal is extraordinary.

• American Association of Motor Vehicle Administrators selects Authentify for NSTIC Trusted Online Identities Pilot.

• ThreatMetrix wins Most Innovative Anti-Malware Solution and Best Product Network Access Control Solution at 2014 Cyber Defense Mag Awards.

• Tyfone unveils Fluide mobile banking platform.

• PayPal to be the first payment provider on the latest Samsung Gear 2 smartwatches.

• Lendio marks a year of record growth.

• Kapitall announces $13 million in funding in round led by Linden Venture.

• Wallaby launches Google Glass payment app.

• ShopKeep POS wins global Gold Stevie Award for Sales & Customer Service for 2nd year in a row.

• MasterCard partners with Syniverse to pilot location-based, anti-fraud service.

• MoadBus to offer Allied Payment Network’s PicturePay.

• ACI Worldwide to power online banking for Trustco Bank.

• Bankers’ Bank to deploy Aptys Solutions‘ PayLOGICS originating and processing wire service.

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.

Finovate Alumni News– January 27, 2014

• Lending Club named #5 on Forbes’ Most Promising Companies List.

• The Wall Street Journal mentions SecondMarket’s private shares trading market.

• DoughRoller blog features Jemstep.

• Doxo receives 2013 Award for best Software and App from the Seattle Award Program.

• VentureBeat lists Xero and Expensify as 2 of the best back-office software applications for small businesses.

• Billhighway Prepaid MasterCard named winner in eighth annual Paybefore Awards.

• Bank Systems & Technology features Allied Payment Network’s Picture Pay mobile bill pay app.

• FIS wins Frost & Sullivan Customer Value Enhancement award for FIS Mobile Wallet.

• Credit Card Vault in the Cloud Spreedly Raises $500k.

• Find Biometrics takes a brief look at 2013 and 2014 with EyeVerify’s Director of Marketing, Denise Myers.

• DeviceFidelity announces availability of its IsisReady NFC cases for iPhone.

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.

Allied Payment Network’s Partnership with Mitek Pays Off with PicturePay

Since adopting PicturePay, bank and credit union customers of Allied Payment Network have seen 5-15% month-over-month growth in transactions and 10% growth in retention rates for customers who used bill pay. This has taken retention rates as high as 98%.

This is the emerging bill pay landscape as seen from the partnership between Allied Payment Network and Mitek. With more financial institutions offering ways for customers to pay bills, a feature like mobile bill pay helps distinguish those FIs looking to maximize opportunities through the fastest growing transaction channel.

Allied Payment Network notes that half of the customers who use PicturePay never took advantage of online bill pay services in the past. And a big selling point for the technology is the ability to pay using the mobile device’s camera rather than having to type out information on a keyboard.

The company was recently in the news with announcement of its partnership with ACI Worldwide to provide same day bill pay via PicturePay. Among the technology’s recent adopters is Ameriana Bank and, this year, Allied Payment Network announced its first credit union to deploy PicturePay.

Allied Payment Network teamed up with Mitek to present its PicturePay solution as part of the FinovateSpring 2013 event in San Francisco. See the company in action here.

Finovate Alumni News– December 19, 2013

• The Chicago Tribune lists Planwise, SigFig, Jemstep and FindaBetterBank as tools to fix your finances.

• peerTransfer announces record setting 2013, bringing total customer base to 400 institutions.

• MyBankTracker reviews Finovera.

• Tradeshift brings in $15 million of a $57 million equity round.

• Trustev brings in $500k from Notion Capital, Adding to the $3 Million it Garnered in October.

• Business2Community features PaySimple.

• Allied Payment Network teaming up with ACI Worldwide to provide same day bill pay via PicturePay.

• Klarna acquires Sofort to become 10% of Europe’s $100 billion e-commerce market.

• Les Muma, former Fiserv CEO, to join board of directors of FIS.

• UAE’s Bank of Sharjah to offer CR2’s BankWorld-powered mobile banking app.

• ayondo announces new features including open positions in profile view.

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.

Finovate Alumni News– August 22, 2013

• Forbes Magazine names FIS one of the 100 most innovative companies in the world.

• BusinessManager from ProfitStars is driving revenue growth and customer acquisition for Great Western Bank.

• Arroweye Solutions launches data-driven card marketing with CustomerConnect.

• Ameriana Bank to deploy Picture Pay from Allied Payment Network.

• Mashable takes a look at PayPal’s face-verification system for mobile payments.

• Yodlee, Moven, and Mint featured in Wired column on the “banks of tomorrow.”

• Narrative Science co-hosts this week’s InnovationChat at built in Chicago. See them demo at FinovateFall in September.

• Segmint CIO David Hadley writes about building a cybersecurity framework today in BAI Banking Strategies.

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.

Finovate Alumni News– August 7, 2013

• MasterCard CEO Ajay Banga announces MasterPass digital wallet now accepted by more than 20,000 merchants.

• EyeVerify reaches finals in four categories of the 2013 Silicon Prairie Awards.

• Ralph Marcuccilli, president and founder of Allied Payment Network, talks about the benefits of photo bill pay.

• ProfitStars introduces hosted version PROFITstar Budget Manager, supported by Windows Azure for cloud computing. First Interstate Bank replaces Excel-based budgeting process.

• U.S. PayPal users given option to withdraw money using MoneyGram.

• London Loves Business blog highlights Nutmeg, Zopa, and Wonga as well-known London-based fintech startups.

• Cardlytics names Jim Morgan as first CFO. Come see Cardlytics demo at FinovateFall in New York September 10 and 11.

• PreCash launches PayConnect mobile and online bill pay platform.

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.

Finovate Alumni News– August 6, 2013

• ERN raises another $1 million, acquires two UK companies.

• Expensify announces additional approval modes.

• TMC selects Interactions’ Virtual Assistant applications for a 2013 Speech Technology Excellence Award.

• The Financial Brand looks at NeoBanks: Moven, Simple, GoBank.

• Reuters article features Wealthfront as a platform of choice for how millenials manage money.

• SocietyOne celebrates first birthday.

• MasterCard partners with United Bank for Africa to provide Nigeria’s first personalized debit card.

• BrightFunds announces that it is now an official contributor to Triple Pundit.

• The Economist talks with TransferWise co-founder Taavet Hinrikus about technological innovation in Estonia.

• Kabbage and On Deck Capital both featured in Fit Small Business column on raising money for an existing business.

• Allied Payment Network partners with Access Softek to provide Picture Pay mobile bill pay technology.

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.

PicturePay to Power Mobile Bill Pay for 3Rivers Federal Credit Union

With its decision to deploy PicturePay, 3Rivers Federal Credit Union becomes the first credit union in the U.S. to adopt Allied Payment Network’s mobile bill pay solution.

PicturePay’s approach to mobile bill pay leverages the smartphone. Users take a picture of the bill and the imaging software – powered by the technology from another Finovate alum, Mitek – reads the data. All the user needs to do is enter the amount to be paid and the date to confirm payment.

3Rivers Federal Credit Union has more than $750 million in assets, and more than 67,000 members in northern Indiana and northern Ohio. 3Rivers was founded in 1935, and is headquartered in Fort Wayne, Indiana.

In partnership with Malauzai Software, Allied Payment Network recently announced the availability of PicturePay as a standalone solution. The company has been active in fundraising this year, as well, picking up a total of more than $750,000 so far in 2013.

Allied Payment Network demoed its PicturePay technology as part of FinovateSpring 2013 in San Francisco. See the company’s presentation here.