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Personal Financial Management

Welcome to the News View for "Personal Financial Management".

Here, on these archive pages, you'll find all of the articles on Payments News for Personal Financial Management listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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October 10, 2013

Headline News from - October 10, 2013

On the web:

  • The High Cost, for the Poor, of Using a Bank - The New Yorker (Lisa Servon) - "The answer was surprising: it turns out banks are often costlier for the poor than check cashers and other alternative services."
  • The mathematician's defense of Bitcoin: It's just another option - PBS Newshour - "And this is so incredible because for the first time in history, every transaction made with Bitcoin is known. The block chain is like a global ledger. If you buy something today with Bitcoin, for the rest of time, as long as the Bitcoin network is supported, that transaction is going to be known and archived."
  • Consumers Rack up $1 Billion in Online Spend Per Day, on 188 Days in 2013 - Visa Viewpoints Blog - "eCommerce sales on the Visa network* have surpassed $1 billion a day for 188 days in the first nine months of the year, demonstrating that billion-dollar eCommerce days have become the norm rather than the exception."
  • NFC On Hold or a Go?: Onsite at Money2020 - Credit Union Times - "When asked what the chances that NFC (Near Field Communication) will ultimately prevail as the standard for mobile payments, he scored it a 5, 5 standing for a dead-on certainty."
  • Nordstrom Finds Cash Register Skimmers - Krebs on Security - "The fraud devices in this case resemble small keyloggers that are sold by dozens of stores for approximately $30 to $40 apiece."
  • Pals in Palo Alto - Tomorrow's Transactions Blog - "I'd said at the beginning of the day that we run the Unconferences to get new ideas, and that the best way to get new ideas was to give your ideas away for free."

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps October 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it:!

April 08, 2013

Unlimited Family Banking: Multiple Prepaid Cards, One Flat Fee

FamZoo logo 140pxTransCard and FamZoo have announced a partnership to help parents teach their kids about smart personal finance habits.
With 'Unlimited Family Banking', the family pays one predictable flat monthly fee for multiple prepaid cards used collaboratively by individual family members to share funds and develop financial responsibility. The cards are linked together and accessed online through FamZoo’s award-winning family finance software designed specifically to help parents teach kids good money habits.

March 02, 2011

August 23, 2010

Personal Financial Management Tool Usage Trails Consumer Interest

fiserv_logo.gifA recent study conducted by Fiserv shows that consumers are very interested in personal financial management (PFM) tools. But, while interest in PFM is high, actual usage remains quite low.
Nearly 40%of the consumers surveyed indicated that PFM tools would be beneficial to managing their finances, yet only 15% of consumers had used a PFM service in the past 90 days. Of the subset of respondents who had used a PFM service in the past 90 days, an overwhelming majority said they did so from online banking sites (68%), more than double the percentage that reported using the top named traditional personal financial management software.

May 06, 2010

HelloWallet Closes $3.6 MM Series A FInancing

HelloWalletHelloWallet, a personal finance website dedicated to helping people reach their financial goals, has announced closing $3.6 million in Series A funding, led by Grotech Ventures along with an investment by Jean and Steve Case. The company, which launched in March 2010, provides its service through partnerships with companies and other organizations that employ or serve more than 3.5 million people. READ MORE »

November 23, 2009

Wesabe Launches for FI's Wanting PFM Tools

Wesabe_logo-140px.pngWesabe has announced the launched of, "a personal finance management (PFM) platform that is available via a cloud-based services model for financial institutions that want award-winning personal finance management tools without the engineering requirements of hosting the platform in-house."

Wesabe CEO Marc Hedlund notes that Wesabe is offering "a new model for deploying banking software. Instead of going back and forth for weeks (or months) with a salesperson to get a quote, and then spending months with consultants charging for "integration," our new site lets banks and credit unions see pricing, sign up, launch, configure, and control their sites all over the web. We've had people deploy a full PFM suite for their site in under 10 minutes. We think this is a new way to get and deploy banking software, more akin to or than to traditional banking software."

October 15, 2009

MasterCard Introduces Online Money Manager

MasterCardWW-small.jpgMasterCard Worldwide has announced the launch of MasterCard Money Manager™ - calling it "a new, interactive financial management tool that enables MasterCard cardholders to quickly and efficiently monitor debit card spending for themselves and members of their household. Using the web-based tool, consumers have the ability to review signature and PIN-based MasterCard transactions by merchant category, and create customized categories, making it easy to identify spending patterns and compare actual spend to an allocated budget." READ MORE »

September 29, 2009

Yodlee 10 Personalized Financial Management Platform

Yodlee is previewing Yodlee 10, its next-generation, personalized finance platform today at the Finovate event in New York City. As the solutions provider for more than 85% of all online PFM users today, Yodlee is helping banks and portals move PFM to the center of online finance, deepening customer relationships and driving new revenue. READ MORE »

August 12, 2009 Raises $14 Million in Series C Funding has announced raising $14 million in a Series C financing round led by DAG Ventures. The company described the financing as "a preemptive round, with new participation from The Founder's Fund, and investment from existing investors Benchmark Capital, Shasta Ventures, First Round Capital, and Sherpalo. Valuation is not being disclosed, but it represents a significant up round." READ MORE »

July 21, 2009 Launches MintLife has launched MintLife, an expanded, magazine-style online publication that "will deliver more in-depth features and advice to help its more than 300,000 monthly visitors better manage their money and more knowledgably navigate the current, difficult economy. Expanded content, increased interactivity, data-driven infographics and direct access to celebrity sources will enhance the award-winning value of the money management and budgeting tools, furthering on its mission to help Americans save and do more with their money." READ MORE »

June 16, 2009

Yodlee Powers 85% of All Online Personal Financial Management

Yodlee_logo-140px.jpgYodlee has announced that usage of Yodlee-powered PFM solutions nearly doubled to more than 17 million Personal Finance Management (PFM) users worldwide. According to Yodlee, its PFM solutions are "currently used by 6 of the top 10 U.S. banks, more than 100 leading financial institutions around the world and the most successful non-bank PFM portals." READ MORE »

June 11, 2009

Microsoft Ends Life of Microsoft Money Products

After 17 years in the personal financial management software business, Microsoft has announced that it is withdrawing from that market:

With banks, brokerage firms and Web sites now providing a range of options for managing personal finances, the consumer need for Microsoft Money Plus has changed. After suspending annual updates of Money Plus in 2008, Microsoft is announcing today that we will no longer offer Microsoft Money Plus for purchase after June 30, 2009.

More details here.

April 28, 2009

Wesabe Announces First Springboard Financial Institution

Wesabe has announced that Delta Community Credit Union, the largest credit union in Georgia, is its charter Wesabe Springboard customer. Using Wesabe's Springboard offering, Delta Community Credit Union will have full access to Wesabe's suite of applications, including account management, goal setting/tracking, community forums, widgets, and merchant tips and comparisons. READ MORE »

March 25, 2009 Helps Consumers Manage, Pay Down Credit Card Debt

San Francisc-based GoalSpring has announced a major milestone following the December 2008 alpha launch of by passing the $100 million mark of consumer debt enrolled in its service. is "an easy-to-use, free online tool helping consumers with debt to create and manage a plan to pay it down." GoalSpring says it was founded out of a desire to break the mold of previous financial services companies that push products rather than help people achieve goals. READ MORE »

March 18, 2009

Wesabe's New Personal Finance Platform for Credit Unions, Banks

Social personal finance website Wesabe has announced the launch of Wesabe SpringBoard - making available a web-services-based version of its money management tools and community features to banks and credit unions. READ MORE »

January 30, 2009

TechCrunch: The Economy According To Mint CEO Aaron Patzer has posted a guest column on TechCrunch in which he shares some of the aggregate data that has captured from its users sharing their spending data.

Looking across spending as a whole in 2008, we can see a phase change beginning in the summer. After a bump in the May/June time frame from tax refunds and credits, we see spending declined by $400 / month / household. Spending eroded even further (a $200 drop) in November along with consumer confidence, bouncing back only slightly for the holidays.


December 19, 2008

Mint for the iPhone has just released a free application for the iPhone and iPod Touch. Here's the link to the app in the iTunes App Store. Kevin Purdy also reviews the new Mint app on Lifehacker.

Speaking of the iPhone, Stanford has made available the course materials from its CS193P iPhone Application Programming course - free. READ MORE »

September 26, 2008

Intuit Holds Investor Day Presentation

Earlier this week, Intuit held its annual investor day to review its growth strategies. The presentation slides are available online along with an accompanying webcast.

June 24, 2008

TowerGroup Worries about Nonbank Personal Finance Web Sites

In a new report titled "The Impact of Online Personal Finance Offering: The Good, the Bad, and the Ugly", TowerGroup analyst George Tubin finds the capabilities of new non-bank online personal finance web sites are of interest but raises concerns about whether the sites have "adequate fraud prevention capabilities to protect both the consumer and the bank from account takeover and identity theft." READ MORE »

May 06, 2008

Yodlee, Postilion Partner on PFM, Card-Based Online Bill Payment

Yodlee and Postilion have announced a 'partnership to integrate Yodlee PersonalFinance and Yodlee DirectPay into Postilion's Retail and Business Internet Banking solutions to enable Postilion's' financial institution customers to deliver stronger online banking solutions and develop new revenue-generating opportunities via card-based online bill payment.' READ MORE »

April 30, 2008

A Look at's Approach to Personal Financial Management

In an article titled 'Tracking Your Money Without Paying a Mint', Katherine Boehret writes for the Wall Street Journal about, one of the companies presenting at yesterday's Finovate Startup conference in San Francisco. She says 'Mint was created for 20-somethings like me who want to pay more attention to their finances but aren't interested in taking hours each week to do so. This Web site worked ideally for me, and its clean interface integrates Web 2.0 features in a way that makes it a pleasure to use.'

April 28, 2008

Usage Trends in Online and Mobile Banking

Aite Group has published a new report titled 'Usage Trends in Online and Mobile Banking: Upping the Ante' finding that reviews consumer adoption trends for online and mobile banking services over the next two years. READ MORE »

April 24, 2008

Wesabe Introduces New Tips Feature Based on Aggregate Purchase Data

Social personal finance website Wesabe has announced the launch of a new "Tips" feature that provides members with customized, side-by-side comparisons of competing businesses across a number of data points. Wesabe says that 'Tips gives members financial power by arming them with the most comprehensive mix of purchase behavior data, consumer satisfaction ratings and advice.' READ MORE »

January 31, 2008

Wesabe Lets Users Add Their Own Bank

Social personal finance website Wesabe has announced the launch of an automated "add your bank" feature, allowing Wesabe's members to immediately add their financial institutions and upload data. During the sign-up process, if a new member's bank or credit union isn't one of the nearly 5,000 currently supported by Wesabe, they can add it to the database in less than a minute and begin uploading data. Wesabe's Marc Hedlund blogs about the new feature.


January 09, 2008

Intuit Introduces Quicken Online Personal Finance Service

Intuit has announced the availability of Quicken Online – calling it "a new Web-based service that makes it easy for people to instantly see how much money they have coming in, how much they are spending, and what’s left at the end of the month." In terms of mobile banking features, Quicken Online includes an interface optimized for the Apple iPhone along with alerts sent via SMS, etc.


December 12, 2007

Wesabe Launches Mobile Banking Platform

Wesabe has announced the release of Wesabe Mobile, a free, secure banking platform for mobile devices, that "lets members use any web-enabled cell phone or PDA to monitor their account balances and recent transactions for thousands of banks and credit cards worldwide. Wesabe Mobile also provides members with an easy way to record and track where they are spending cash."


October 02, 2007

Glenbrook's Take on Finovate 1.0

Glenbrook's Bryan Derman filed the following report tonight from today's Finovate 1.0 Conference in New York City.


September 18, 2007

Mint Launches New, Free Web-based Personal Financial Manager

Calling itself "the freshest, most intelligent way for you to manage your money online.",, a new web-based approach to personal financial management, has officially launched. Mint says it "automatically pulls together the user’s bank, credit union and credit card data, and provides up-to-date and amazingly accurate views of his or her !nancial life - from the big picture to speci!c details, in a friendly and intuitive user interface."

September 05, 2007

Facebook Personal Finance Apps

In a post titled "Following your money in Facebook", Colin Smillie blogs on his Inside Facebook blog about the personal financial management applications on Facebook - including BillMonk and Lending Club. He notes that "many developers have been clamoring for Facebook to launch a payment system fully integrated with the Platform soon."

August 25, 2007

Net Settlement for Your Social Network

Obopay's BillMonk has introduced what they call "debt shuffling" - but it's really all about computing a net settlement position for social debts owed to a network of friends.

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