So you really want to be a merchant – and accept card payments simply and easily? Jack Dorsey wants to be your friend. Hope you’ve got an iPhone!
Earlier today, Dorsey and friends announced the launch of Square. Dorsey, co-founder and chairman of Twitter, is certainly a celebrity founder and CEO. TechCrunch notes that apparently [...]
Today’s announcement of American Express acquiring Revolution Money caught many of us industry pundits by surprise – especially given the $300 MM price tag that Amex paid for the deal. But, upon reflection, and after listening to the Q&A section of Amex’s conference call earlier today, you can see why they were motivated to [...]
Based on a vote of attendees – bankers, investors, industry experts, financial company executives from companies large and small – the best of show awards went to:
BancVue (Kasasa) – national checking/savings account brand
for community banks and credit unions
Credit.com – report card with letter grades to help users
make sense of the underlying data
Digital Insight (Intuit) – [...]
I am live blogging Finovate2009 from NYC.
AFTERNOON SESSION #2
BillShrink – Peter Pham, CEO and Samir Kothari, VP
Help consumer save money on credit cards, cellphones and gas; now launching savings products
Interactive tools to help eliminate nuisance fees
Continuously monitoring banks all around the country to create apples-to-apples fee comparisons
Infosys – Puneet Gupta, Mobility Products
Launching mConnect multi-channel platform
Transactions [...]
Resuming my live blogging of Finovate2009 from NYC in a few minutes.
AFTERNOON SESSION #1
Yodlee -Peter Hazelhurst, SVP Products
New Yodlee dashboard highlighting capabilities that used to be hard to get to
Web 2.o interface based on widgets
New UI indicates good and bad times to pay bills, based on expected balances
New feature is the FinApp store, where consumers [...]
I am live blogging Finovate2009 from NYC.
MORNING SESSION #2
Outright.com – Kevin Reeth, CEO
Online tools for tracking small businesses and self-employed people for records like business expenses
Imports and classifies expenses from credit card statements
Integrates with FreshBooks (free, open source small business accounting software)
Also integrating to PayPal API for those who receive payments that way
No storage [...]
I am live blogging Finovate2009 from NYC.
MORNING SESSION #1
BrightScope – Ryan Alfred, President
Mission: Help Americans retire in dignity
Website provides additional information on existing employer 401k plans
Provides ratings and does comparisons on plan performance
Can also upload plan documents for plans not already covered, no matter how small
Free to the employee
So, what’s the business model?
Provide tools for [...]
I am attending Finovate 2009 in NYC today – a whirlwind of financial innovation. Each company has seven minutes to demo their latest and greatest technology; no PowerPoint allowed! I’ll do my best to keep up and give you real-time updates on the presentations.
Finovate events are organized by Online Financial Innovations which also writes the [...]
Over at TechCrunch, Sarah Lacy laments the that too few of the start-ups on stage at this week’s TechCrunch50 were chasing audacious, world-changing ideas:
I did interviews with most of the TechCrunch50 experts backstage and there was a common gripe about the companies launching there: Not enough passion, not enough swinging for the fences, not enough [...]
Last Thursday evening I attended a superb mobile payment panel organized by mPayConnect and co-hosted by the Wharton and Harvard MBA alumni associations at the Wharton West campus in San Francisco. The evening’s topic was From Afghanistan to Silicon Valley: Mobile Financial Services for the Next Billion Customers. Menekse Gencer of mPayConnect moderated and brought [...]
Editor’s Note: This is one of a pair of ACH commentaries that we are publishing today on Payments Views. Be sure to also read Carol Coye Benson’s post “ACH: Big Questions for the Biggest Network” based on her recent interview with NACHA CEO Jan Estep.
I recently presented to TAWPI’s Payments Capture and Clearing (PCC) Council [...]
Many of us in the United States who follow the continuing evolution of the ACH network have been interested in the United Kingdom’s “Faster Payments” initiative. FP just hit the one-year-since-launch milestone. I spoke with David McFarlane, Company Manager, CHAPS Clearing Company about FP. I was surprised by much of what he said: FP is [...]
Last Friday, the Wolfram Alpha “computational knowledge engine” went live. Steven Wolfram is the driving force behind this incredibly ambitious venture. His previous accomplishments include publication of first scientific paper at age 15, a PhD in theoretical physics from Caltech at age 20, creation of Mathematica software, and publication of “A New Kind of Science.”
The [...]
MORNING SESSION #1 – Whew – what a whirlwind! Companies get 7 minutes to demo their products/services before the microphone is cut off. Some very interesting stuff flying by at warp speed (so please excuse the grammar/any typos)!
So here goes: