FinDEVr APIntelligence

FDLD17_EventLogoV1_wdate(large) (1)We saw some great stuff at FinDEVr New York last month; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

  • InComm Partners with WeChat Pay Parent Tencent.

Alumni updates

  • Kabbage extends $3 billion in funding to more than 100,000 small business customers.
  • PayPal extends partnership with Visa into Asia-Pacific region.
  • HyperPay to leverage ACI Worldwide’s Mobile Commerce SDK to offer merchants a mobile checkout solution.
  • FICO launches cloud-based origination solution to help mid-market lenders automate small business lending decisions.
  • Twilio launches programmable fax service.
  • Citi takes API developer hub to Hong Kong.
  • Mastercard Adds to Authentication Arsenal with Acquisition of NuData Security.
  • Xero named a “2017 Top Rated Accounting & Budgeting Software” on TrustRadius.
  • Iroquois Federal Savings & Loan Association to deploy core processing system from Fiserv.
  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr APIntelligence

We saw some great stuff at FinDEVr New York last week; stay tuned for videos of the live presentations! If you missed out, check out FinDEVr London on June 12 & 13 during London Tech Week. Register today and save big time.

On FinDEVr.com

Alumni updates

  • FinDEVr New York newcomer Fiserv announces enhancements to its real-time, loan servicing solution, LoanServ.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.
  • PYMNTS.com looks at speculation that Kabbage may acquire OnDeck.
  • BBVA among the latest companies to join Hyperledger.
  • MasterCard introduces new fraud detection solution, Decision Intelligence.
  • Credit Donkey lists StockTwitsDriveWealth, and Personal Capital among its Best Investing Apps of 2017.
  • Forrester recognizes FinDEVr newcomer Outsystems as a leader in low-code development platforms.
  • E-commerce services from Vantiv achieve Oracle Validate Integration. Video of Vantiv’s FinDEVr 2017 New York presentation will be available soon.
  • VISA to enable electronic business payments for SME clients of B2B electronic invoicing network, Viewpost.
  • Fiserv reports nearly 30 banks and CUs deployed its digital banking technology in 2016, taking the total number of FIs using its online banking solutions to 3,500.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

Mastercard Now Allows Developers to Access Suite of APIs through Single Gateway

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Payment services giant Mastercard is launching its developer portal. Sound familiar? It should. The company’s original launch of its developer platform took place around 2010, so today’s launch is more of an expansion of the platform.

The new developer gateway, which aims to facilitate partner integration, offers a single location where third-party developers can access more than 25 updated APIs. The new APIs span payments, data, security, financial inclusion, and “experimental” categories.

This comes about seven months after the company’s competitor Visa opened its Developer Center which hosts just over 25 APIs, as well as documentation on Visa Tokens and microtransactions. Both companies showed off their APIs at FinDEVr Silicon Valley 2014. Mastercard’s presentations focused on its Developer Zone and explained how developers can select the best API. Visa showed Visa Checkout, as well as Apple Pay integration with Authorize.Net and CyberSource.

For more developer-focused technology check out our developer event on October 18 & 19, FinDEVr Silicon Valley. We’ll be hosting 46 companies as they present their latest APIs and SDKs to a crowd of leading developers from across the globe. Tickets are still available but limited, so register today.

FinDEVr APIntelligence

FinDEVrSV16-withdateOur FinDEVr New York developer showcase was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com

  • Venmo Enables Payments in Merchant Apps.
  • Prevoty Wins 2016 Stratus Award for Best Small Company Cloud Security Service.
  • Mexico’s Grupo Bursátil Deploys Messaging Tech from Solace Systems.

The latest from FinDEVr New York 2016 presenters

  • A look at fintech in Berlin and London highlights Mambu.
  • Espresso Capital features Outside IQ’s creativity in raising capital.

Alumni updates

  • Kontomatik introduces Financial Health Indicator for small and medium-sized lenders.
  • Kabbage turns to Marketo for new marketing solutions.
  • ITProPortal interviews Temenos Chief Strategy and Marketing Officer, Ben Robinson.
  • Mastercard to Buy VocaLink for Up to $1.14 Billion After Masterpass Expansion to Retail.
  • Cloud Lending Solutions adds new online modules to its Learning program.
  • Google Cloud Platform opens its first West Coast region.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVrSV16-LogoV2(wdate)Our FinDEVr New York developer showcase last week was a success! FinDEVr Silicon Valley will be held October 18 & 19 in Santa Clara. Register today and save.

On FinDEVr.com:

  • EVO and Verifone Partner to Make EMV Payments Feasible at Restaurants.
  • GreenKey Unveils New CEO and May Launch of Instant Messenger Aggregator.
  • FICO Launches Score Simulator; Adds New CIO Claus Moldt.

The latest from FinDEVr New York 2015 presenters:

  • Celent recognizes EdgeVerve Systems as one of two Model Bank Vendors for 2016.
  • Finovate Debuts: Nexmo Brings Seamless Multi-Factor Authentication to Mobile Banking Apps.
  • Hyperwallet to help expert freelancers on OnFrontiers network get paid.
  • Markit to power Thornburg Investment Management’s enterprise data management solution.
  • Beyond Bank wins Celent Model Bank award for 2016, courtesy of its customer engagement platform from Avoka.
  • PayPal Marks Rollout of PayPal Credit in the UK Expansion with Interest-Free Financing.

Alumni updates:

  • MasterCard unveils new remittance service in Bangladesh with partners, Western Union, bKash, and BRAC bank.
  • Xero and Waddle team up to combine cloud accounting with invoice financing.
  • Finovate Debuts: Envestnet “Advisor Now” Offers Robo-Tools for Wealth Management.

Stay current on daily news from the fintech developer community! Follow FinDEVr on Twitter.

FinDEVr APIntelligence

FinDEVr2016-NY-(Stacked)V2Are you building new financial technology? Be sure to check out coverage from our recent developer conference in San Francisco. We’retaking the fintech developer tool showcase to New York on March 29 & 30, 2016. Stay tuned for details.

Developer news:

  • TechCrunch: Rakuten Launches $100 Million Global Fund For Fintech Startups.
  • GitHub is rolling out a redesign for code repositories.
  • New Relic Now Lets Developers Dive Deeper Into Their Analytics.

The latest from FinDEVr San Francisco 2015 presenters:

  • Hyperwallet Launches Loyalty Program for Independent Workers.
  • Arxan announces Cyber Security scholarship program.
  • Avoka Introduces Digital Account Opening from Within Salesforce.
  • Kabbage to power Sage’s small business loan offering.
  • Market intelligence provider Ipreo selects Xignite to provide real-time and delayed equity prices to its Investor Relations platform, BD Corporate.
  • Nexmo announces partnership with Netherlands KLM.
  • CenturyLink adds Former US Senator Mary Landrieu to Board.
  • Banking CIO Outlook magazine features Praesidio.
  • TokBox’s new developer toolkit brings voice and video chat to Apple TV apps.
  • Thinking Capital earns Deloitte’s Technology Fast 50 Canada Awards.
  • Worldpay employees evaluating use of finger vein technology to authenticate payments at the POS without the need for a card.
  • Let’s Talk Payments interviews Hyperwallet CEO, Brent Warrington.

Alumni updates:

  • Pymnts chats with Nymi founder & CEO, Karl Martin.
  • Deccan Herald features Cloud Lending Solutions.
  • Xero piloting program to allow users to file their GST returns.
  • MasterCard announced Ed McLaughlin as new Chief Information Officer.
  • VentureBurn highlights Entersekt: SA’s fintech gem making it safe for millions to bank, shop online.

Stay up to date on daily developments by following FinDEVr on Twitter.

The FinDEVr APIntelligence

Are you building new financial technology? Be sure to register now for the only event exclusively for fintech developers, FinDEVr 2015, Oct 6-7 in San Francisco. 

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The latest from FinDEVr 2015 presenters:

  • Pinterest turns to  Braintree to power PayPal payment option for browsing consumers.
  • FinDEVr 2015: First Round of Presenting Companies Revealed.
  • Backbase set to launch its first hackathon 19 and 20 of June.
  • Spreedly now supports third party tokens to help merchants continue to process transactions using their existing gateway-specific tokens from within Spreedly.
  • Thinking Capital  announces new name, visual identity and tagline.
  • SandHill mentions  SnoopWall as 1 of 5 Cool Pre-VC Cybersecurity Startups.
  • Avalara  acquires Belgium-based VAT Applications.
  • UPS Capital Partners integrates with Kabbage to offer more SMBs access to a loan through UPS.

Alumni updates:

  • Xero  developing business apps that Apple is using to help market the iPad’s use in business.
  • Tech.co looks at how Trulioo’s API defends startups against credit card fraud.
  • Xero  reaches 500,000 customers for its cloud accounting service, sets sights on 1 million customer milestone.
  • Verizon Ventures welcomes  SimplyTapp to its portfolio of investments.
  • Dunkin’ Donuts, Fandango, Sundance Catalog and Williams-Sonoma have all integrated Visa Checkout into their apps.
  • NerdWallet turns to  Trulioo CEO Stepehn Ufford CEO offers 5 steps to protect against cyberthreats.

Stay up to date on daily developments by following FinDEVr on Twitter.

MasterCard Leads $70 Million Investment in Dynamics

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“There’s a great future in plastics. Think about it. Will you think about it?”

–Walter Brooke, The Graduate

Dynamics announced today that it had completed a Series C investment round, raising $70 million from new and existing investors. Along with MasterCard is new investor, Canadian Imperial Bank of Commerce, both of which teamed up with existing investors, Adams Capital Management and Bain Capital Ventures. 
The total capital for Dynamics is now more than $110 million.
In addition to the investment, MasterCard will enter a joint commercial initiative with Dynamics to bring the company’s cards to businesses in Mastercard’s global payments network as well as CIBC’s customers. 
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It is interesting to hear the way MasterCard and CIBC executives talk about the card technology from Dynamics. For these companies, as far as commerce is concerned, plastic cards and smart devices have more in common than some may think.
Carlos Menendez, group executive for global credit and debit products for MasterCard talked about the importance of turning “every device” into a “commerce device.” “This not only includes a shift to mobile-based payments but also a move from ‘static’ plastic to ‘dynamic’ interactive payment cards and systems,” he said. A senior executive with CIBC added that the partnership with Dynamics was “already having a positive impact.”
What makes Dynamics unique is the fact that the company is the definition of a one-stop shop. As CEO Jeff Mullen explained from the stage at FinovateFall 2014 in New York last September: “We have the only facility in payments that actually does device design, device manufacturing, PCI compliant network-certified processing personalization fulfillment all under one roof.”
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(Above: Jeff Mullen, CEO of Dynamics at FinovateFall 2014)
“And when you can do it all under one roof,” he said. “You start to see things, and it allows you to really take innovation to the next level.”
Dynamics innovations have included a battery-powered card that enabled consumers to change the data stored on their EMV chip simply by pushing buttons on the card itself, a system that provides loyalty rewards on credit transactions faster by using the credit transaction data itself and, most recently, the first multi-network card that combines both innovations.
Founded in 2007 and headquartered in Pittsburgh, Pennsylvania, Dynamics has won multiple Best of Show awards for its card technology. The company’s last Finovate appearance was at FinovateFall 2014 in New York.

MasterCard’s Ajay Banga Sees MasterPass in 14 Markets By Year’s End

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With the news media focused on the potential impact of an Apple entering the mobile payments space, it’s worth remembering that there are already sizable technology companies with mobile payments innovations already in the field.

MasterCard, which announced earnings this week, may be an obvious example. But for anyone who needed reminding, the fact that MasterPass, the company’s mobile payment platform, earned such high marks from CEO Ajay Banga, should help.

Here are a few choice notes and quotes from the earnings call that highlight MasterCard’s success and strategies for MasterPass.
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First, MasterPass was launched in three new markets in the second quarter of 2014: Singapore, Poland, and South Africa. That puts the total number of markets at 10, with another four planned by the end of the year.

In the company’s earnings call, Ajay highlighted the technology as playing an important role in the overall consumer experience. “MasterPass is more than a wallet,” he said. Instead, think of the solution as:
“A platform which provides a safe and secure foundation to support multi-channel shopping … and create innovative tools … to enhance the consumer buying experience before, during, and after the actual purchase.”
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Making MasterPass a technology that plays well with others is a major goal. MasterCard launched its in-app payment feature in the previous quarter. It can now count Starbucks in Australia and Major League Baseball among the major marketing entities that have committed to deploy MasterPass in their own branded apps.

Going forward, the goal is to have MasterPass up and running in markets that represent 75% of the company’s total credit card volume over the next two years. MasterCard already sees itself as significantly ahead of the game compared to its rivals (“We’re in 10 countries, already,” repeated Ajay during the conference call’s Q&A. “That’s way more than anybody else is in.”)
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The clue to how MasterCard might succeed where others have failed may be found in a profile of the company’s CEO recently published in Fortune.com. Quoted in the feature by Daniel Roberts, former MasterCard emerging payments specialist Ed Olebe pointed to the company’s “basic capability in the physical world and some capability in the digital world” as a major advantage as a player in the digital payments world.
“The players who can handle the digital challenges and the security challenges, and keep a presence in the physical world, will win,” Ed said. “And that’s MasterCard.”
MasterCard, via its MasterCard Developer Zone, is a Platinum Sponsor of FinDEVr, the first event for fintech developers. To find out more about the inaugural FinDEVr conference in San Francisco, October 1 and 2, visit our FinDEVr page here.