FinDEVr Preview: BehavioSec, Bluefin Payment Systems, CardFlight, Cloud Lending, and Concur

One of the great things about FinDEVr is the way it gives us the opportunity to get to know both new companies and innovators as well as see familiar companies and innovators in new and exciting ways.

To this end, here is the first of three looks at another fifteen innovators who will be taking the stage on September 30, Day One of FinDEVr.

• BehavioSec
• Bluefin Payment Systems
• CardFlight
• Cloud Learning
• Concur

Click here for Part Two. Part Three is here.

Tickets are still available for the first event for fintech developers. Click here to save your spot today. And once you’ve registered, don’t forget to join the community on Bizzabo.

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BehavioSec is a leader in frictionless behavioral user verification & authentication. BehavioSec examines how you interact with a website or mobile device to provide a frictionless layer in web fraud prevention.

Keynote: Realtime Scoring of Behavioural Biometrics via Web Services

Presenting our web & mobile SDK, we deep dove into the back end services and show how easy it is to instrument a web site or mobile app with frictionless behavioral biometrics to add a new layer of security.

In an interactive session we are demonstrating a number of use cases of both real-time scoring and ‘after the fact’ biometrics forensics. We open up the client SDK to show the APIs, file formats, etc. In parallel we expose the typical integration points to see the architecture and the power the backend web service APIs offer developers to represent additional transaction security in a way that suits your organization’s business needs.

Why it’s great for developers:

• Frictionless web or mobile fraud prevention via behavioral biometrics
• Lite touch integration to deliver a new layer in security for web and mobile platforms

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Bluefin Payment Systems is a leading FinTech company focused on processing, integrating, and securing payments. Bluefin offers P2PE, tokenization, mobile payment SDK’s, payment gateways, merchant accounts, PCI Compliance, transparent redirect, recurring billing, and branded online merchant account enrollment.

Keynote: Bluefin, Point-to-Point Encryption (P2PE)

Bluefin is the only validated Point-to-Point Encryption (P2PE) Solution listed by the PCI Security Standards Council, North America. P2PE can reduce the scope of card data environment and related PCI requirements. Your software doesn’t need to be PCI Compliant if card data is encrypted using P2PE.

Why it’s great for developers:

• Your software doesn’t need to be PCI Compliant if you implement Bluefin’s P2PE Solution.
• Add P2PE to webpages/applications using keyboard emulation or HID version.

Bluefin is currently the only PCI Council-listed P2PE Solution. P2PE encrypts card data before it reaches your applications and protects card data from malware.

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CardFlight is a leading provider of mobile POS technology and tools that makes it easy for anyone to accept swiped (card present) payments in any mobile app with virtually any merchant account. They offer both iOS/Android mobile payment applications and software development kits (SDKs) that can be incorporated into custom applications. CardFlight’s platform also includes encrypted card readers and a payment gateway that supports over 20 different processors, to provide clients with complete mobile payments and mobile POS (mPOS) solutions. CardFlight won the Electronic Transactions Association’s 2014 Technology Innovation Award.

Keynote: CardFlight SDK for Mobile Payments

The CardFlight SDK allows any mobile developer to build mobile point-of-sale functionality into his or her own mobile apps. CardFlight supplies three things:

1. Encryped mobile card readers that fit into the audio jack of any smartphone or tablet

2. Easy-to-integrate software development kits for iOS and Android, complete with developer-friendly documentation and support

3. A PCI Level 1 compliant payment gateway that works with all major processors/merchant accounts

This allows developers to easily process swiped credit card payments within their own apps without the complexity of typical payment integrations. By using the CardFlight SDK, developers can fully customize their user experience and keep control of their product, while being able to integrate payment data into their other back-end systems (CRM, inventory management, analytics and reporting, etc.)

The CardFlight SDK and gateway is compatible with merchant accounts from leading processors, including Braintree, Chase Paymentech, Global Payments, First Data, Stripe, TSYS and Vantiv.

Why it’s great for developers:

• We provide iOS and Android SDKs and a credit card reader to add swiped credit card payments to your application.
• We process transactions through our PCI compliant gateway, eliminating your scope for PCI Compliance.
• We integrate with all major processors (Stripe, Braintree, Balanced, etc.)

CardFlight is a leader in credit card payment enablement for mobile. We make it easy to accept swiped credit card payments in your own application, allowing you to keep your merchant provider, branding and customer experience.

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Cloud Lending Inc., is an enterprise cloud lending solution provider. Our agile solutions are designed to empower lending businesses to simplify business processes, stay compliant an deb future ready.

Keynote: Cloud Lending Inc. – Enterprise Lending Software

Cloud Lending products enable financial institutions achieve scale and flexibility by moving the core back office to the cloud. Why did we choose Salesforce? The results that have been achieved by our customers using applications built on the Force.com platform – three digit growth every quarter.

Why it’s great for developers:

• It is end-to-end and supports multiple loan types
• It is borrower focused
• It addresses regulatory changes in a matter of hours

We run on Salesforce, leveraging both its CRM to track loan status form bid to re-payment and its ability to integrate with other native apps.

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Concur is a leading provider of integrated travel and expense management solutions trusted by over 25,000 clients around the globe with over 25 million users. The Concur Platform allows developers to develop and market innovative solutions to the lucrative $1.23 trillion business travel market.

Keynote: Numbers, they don’t lie …

Concur processes more than $55 billion dollars in annual T&E spend for its 25 million customers. In this presentation, Mithun Dhar,  Director of Evangelism & Strategic Marketing, will walk us through and give insight into this spend and tell developers why its a great opportunity to tap into this lucrative market.

Why it’s great for developers:

• Access to 25 million business travelers
• Access to more than 25,000 businesses that use Concur
• Insight into over $55 billion dollars of annual T&E spend

Business travel is a $1.12 trillion industry, with U.S. business travelers logging 460M trips a year. The Concur Platform allows you to tap into this lucrative market.

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Click here for Part Two of our three-part look at another set of companies that will be presenting and holding workshops at FinDEVr on Tuesday, September 30. For Part Three, click here.

And if you missed our previous editions of our FinDEVr Preview, the links below will help get you up to date.

• Yodlee Interactive
• TD Ameritrade Institutional 
• Visa Developers 
• MasterCard Developer Zone
• PayPal / Braintree and Forte Payment Systems
• FinancialApps, Avoka, Xero, and InComm
• Eshtapay, EVO Snap*, Intuit Partner Platform, and Xignite

Who’s Who in New York Fintech Scene Features Five Finovate Alums

With FinovateFall 2014 starting a week from today, you’ll have to forgive us if we’ve got a little New York on the brain.

But you’d have to admit that the latest roundup of the New York fintech scene’s “Need to Know” from AlleyWatch couldn’t be more timely.

Even better, not only does the lineup include five companies that have demoed at Finovate shows in the past, it also features a pair of alums that are presenting at the upcoming FinDEVr event in San Francisco, as well.

That would be CardFlight and Thinknum. Derek Webster, founder and CEO of CardFlight, and Thinknum Co-Founder Justin Zhen were two of the five alums featured in AlleyWatch’s “21 People in the New York FinTech Scene You Need to Know About.” CardFlight specializes in mobile POS technology that enables card-present transactions. Thinknum has designed a web-based platform that helps financial analysts leverage big data to better value companies.

Both companies will be presenting at FinDEVr at the end of the month. Bronze sponsor CardFlight will host a presentation at FinDEVr on Tuesday. Thinknum will be holding its FinDEVr workshop on Wednesday. And there’s still time to get your tickets and join us for the first fintech event for developers.

Also noted in AlleyWatch’s review of New York’s Fintech Who’s Who were Betterment Product Manager Nick Gavronsky, LearnVest founder and CEO Alexa von Tobel, and Market Prophit CEO Igor Gonta.

Betterment was a Best of Show winner at FinovateFall in 2010. LearnVest won Best of Show honors for its demo at FinovateFall 2013. And Market Prophit made its Finovate debut at FinovateSpring 2014 in San Jose.

Alumni News– June 5, 2014

• Netbanker looks at the effect Apple’s TouchID will have on fintech companies, including Mint and CardFlight.

• ValidSoft featured in Speech and Voice Recognition White Paper and recognized as a global leaders in voice biometrics.

• Bolstr co-founders Larry Baker and Charlie Tribbett named to Techweek 100.

• Arroweye Solutions partners with Caledonian Global Financial Services to provide digital on-demand debit card production.

• Former Visa executive Elizabeth Buse joins Monitise as co-CEO.

• New $4 Million Investment for fastacash to help drive growth, product development.

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– June 4, 2014

• Commercial collection agency DAL is the first partner to go live with Cortera Open Receivables.

• The Bancorp Bank implements Cachet Financial’s CheckRisk Pro, a tool for mitigating risk in remote deposit capture programs for financial institutions and credit unions.

• CardFlight to use Apple’s Touch ID to give merchants an easy way to sign into mobile POS app.

• Financial services provider, SHAZAM Network, collaborates with D3 Banking to provide omnichannel SaaS solution.

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.

CardFlight to Use Apple’s Touch ID to Give Merchants an Easy Way to Sign Into Mobile POS App

At Apple’s Worldwide Developer’s Conference yesterday, the tech giant made an announcement that will have a large potential impact on financial services companies. It will enable third party developers to use its Touch ID fingerprint recognition scanner.

At the conference, Apple SVP Craig Federighi showed the iPhone login screen of Finovate alum, Mint.com, to illustrate a potential use case of Touch ID’s open API.

CardFlight, a mobile POS solutions company, will be another one of the first to take advantage of Touch ID once Apple releases iOS 8 this fall. New York-based CardFlight plans to incorporate the biometric authentication technology into its SwipeSimple product. 

With SwipeSimple, merchant service providers can give their small business customers a mobile payments solution that combines a payment dongle that can be plugged into iOS and Android devices. This, combined with a payment gateway and backend merchant analytics software, serves up a robust, end-to-end payments solution. Touch ID will offer merchants an alternative method of signing in to their mobile payment app using their typical username and password.

Check out the demo video of CardFlight’s debut at FinovateSpring 2013 here.

Interested in learning more about CardFlight’s back end system? Come see them at FinDEVr this Fall. 

Where the Alums Are: A Remembrance of FinovateSpring Past

It is hard to believe that it is almost time for FinovateSpring 2014.

There’s still plenty of time for you to get your tickets to our upcoming event in San Jose, California on April 29 and 30. Our final Sneak Peek preview post is up, all the companies who were prepping under the radar are now out of stealth, and we can’t wait for you to see what this year’s spring crop of fintech entrepreneurs and innovators has in store.

Before we do, however, let’s take a moment to take a look back at last year’s FinovateSpring alums. As we scrolled through blog archives, several themes jumped out: the appetite for startups remains as passionate as ever, with three of our Spring 2013 alums being acquired by such financial sector potentates as Intuit and PayPal. And venture capitalists continue to see innovation in this space as a more than worthwhile investment, with 20 separate fundings for Spring 2013 alums

We’ve grouped the achievements into four categories: Exits, Fundings, Awards, and Acquisitions. Enjoy!

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EXITS

• Jack Henry buys Banno for undisclosed sum
• The rumors are true: eBay’s PayPal acquires Braintree for $800 million in cash
• Intuit buys tax planning/preparation specialist GoodApril
• TaxAct acquires Balance Financial

FUNDINGS

• CardFlight secures $1.6 million in seed funding from ff Venture Capital
• Encap earns seven-figure investment from ProVenture Seed
• EyeVerify earns $2.3 million in Series A funding
• Jemstep raises $4.5 million in Series A round
• Kabbage brings in $270 million in debt financing to provide small businesses with funding of their own
• Kabbage brings in $75 MIllion in debt financing
• Leaf raises $20 million from Heartland Payment Systems
• Alternative lender LendUp raises $14 million in new funding
• D3 Banking creator Lodo Software Brings in $3 million
• Narrative Science secures $11.5 million in Series C funding
• OpenCoin wins investment from Google Ventures, IDG Capital Partners
• P2BInvestor raises $1.2 million in Series A round
• PayNearMe leverages Family Dollar Partnership; raises $20 million
• PayNearMe raises $10 million in Series D funding, launches Express Merchant Onboarding Option
• Prestadero raises 5 million pesos ($400,000 USD) in first round of funding
• Quantopian raises $6.7 million in Series A round
• Realty Mogul raises $9 million in round led by Canaan Partners
• SeedInvest raises $2 million in crowdfunded investment campaign
• SeedInvest Raises $1 million in round Led by Jumpstart New Jersey Angel Network
• Zooz Closes $2 million Series A round Led by XSeed Capital

AWARDS

• Arxan Technologies wins in the Products and Services Excellence category of the Infosecurity Global Excellence Awards.
• Banno CEO Wade Arnold wins CEO of the Year Award from Technology Association of Iowa.
• Better ATM Services wins 2013 Paybefore Award for Visa prepaid gift card program.
• EyeVerify wins first place at International Startup Competition.
• Finect provides winning entry for Web Marketing Association’s WebAward 2013.
• IntelliReponse wins bronze in Best in Biz Awards’ Most Innovative Product of the Year category for 2013.
• IntelliResponse wins 2013 CRM Excellence Award from CUSTOMER magazine.
• Kofax Mobile Capture platform wins “Elegant Implementation” category of Housing-Wire magazine’s HW TECH 100.
• LICUOS wins Innotribe Startup Disrupt competition at Next Bank Madrid.
• MoneyDesktop marketing video wins 2013 Telly Award.
• Keith Kelly, Mortgage Harmony CEO, awarded a Tech All-Star Award by Mortgage Banking Magazine.
• NICE Systems makes Fast Company’s list of the World’s 50 Most Innovative Companies.
• OneID wins 2013 North America Frost & Sullivan Award for New Product Innovation.
• Virtual Piggy (Oink) receives Frost & Sullivan Excellence in Best Practices Award.
• Yseop Artificial Intelligence Software honored as French National Champion for European Business Awards.

ACQUISITONS

• OpenCoin acquires SimpleHoney
• Kofax acquires data integration software provider Kapow Technologies
• NICE to acquire Causata to enhance customer experience management

Finovate Alumni News– April 15, 2014

• TransferWise announces more than $1 billion in P2P transfers.

• Insuritas picked by Nutmeg State Federal Credit Union to open and manage its turnkey insurance agency. See Insuritas demo at FinovateSpring in San Jose.

• Streetwise reports: HelloWallet Signs Another Big Deal with Aon Hewitt.

• CardFlight wins Electronic Transactions Association’s 2014 Technology Innovation Award.

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– April 9, 2014

• Michigan Education Association selects Billhighway to improve membership experience.

• ProfitStars’ iPay Solutions Resource Center receives NACHA’s 2014 PayItGreen Award.

• miiCard launches IDaaS for Lenders, a solution that combines ID proofing, bureau data, bank data, & authentication.

• CardFlight launches SwipeSimple to offer a co-branded mobile POS product to merchants.

• LA Parent features Oink among its “Cool Tools.”

• OTP Banka Slovakia to deploy CRIF Credit Framework.

• LendUp launches in Mississippi, the state with the highest percentage of unbanked and underbanked households in the U.S.

• Rippleshot CEO Canh Tran to join Chicago-area startups at White House summit on entrepreneurialism. See Rippleshot demo at FinovateSpring in San Jose.

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– October 25, 2013

• CardFlight wins best startup at New Jersey Tech meetup.

• Firmology interviews Jason Richelson, CEO of ShopKeep POS.

• Humanitarian organization Oxfram partners with TransferWise to help British Indians avoid fees.

• InComm launches Cashtie cloud match service.

• Flint raises $6 million in Series B funding.

• Taulia was recently announced as a 2013 Bully Award winner.

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– October 4, 2013

• Del-One Federal Credit Union to offer PFM powered by Geezeo.

• GigaOm reports: Braintree’s cross-app payment service Venmo Touch comes to the U.K.

• BBVA blog features Philippe Gelis, founder and CEO of Kantox.

• Bank Innovation calls CardFlight “a dongle with a difference.”

• The Financial Brand takes a look at mobile photo account opening via Mitek.

• Motif Investing CEO talks about motif building in an interview with NBC.

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.