[Federal Register Volume 77, Number 123 (Tuesday, June 26, 2012)]
[Notices]
[Pages 38133-38140]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-15583]


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DEPARTMENT OF THE TREASURY


Announcement of Two Competitions Under the America COMPETES 
Reauthorization Act of 2010: MyMoneyAppUp IdeaBank Challenge and the 
MyMoneyAppUp App Design Challenge

AGENCY: Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury (Treasury) is announcing the 
launch of two related competitions, the MyMoneyAppUp IdeaBank Challenge 
and the MyMoneyAppUp App Design Challenge. Both challenges are 
sponsored by Treasury in partnership with the D2D Fund (D2D) and the 
Center for Financial Services Innovation (CFSI).
    Please go to http://mymoneyappup.challenge.gov to learn more about 
the two challenges and how to participate.

DATES: Important dates for the IdeaBank Challenge Competition--
    Start Date and Time: 12 a.m. EDT, June 27, 2012.
    End Date and Time: 11:59 p.m. EDT, August 1, 2012.
    Announcement of Challenge Winners: It is anticipated that winners 
will be announced before November 1, 2012.
    Important dates for the App Design Challenge Competition--
    Start Date and Time: 12 a.m. EDT, June 27, 2012.
    End Date and Time: 11:59 p.m. EDT, August 12, 2012.
    Announcement of Challenge Winners: It is anticipated that winners 
will be announced before November 1, 2012.

FOR FURTHER INFORMATION CONTACT: Sophie Raseman, Office of Financial 
Access, Financial Education and Consumer Protection, Department of the 
Treasury, [email protected].

SUPPLEMENTARY INFORMATION:

Introduction

    The Department of the Treasury and its partners CFSI and D2D are 
sponsoring the two related MyMoneyAppUp prize challenges to promote the 
development of ideas and designs for innovative applications (``apps'') 
for mobile devices that will increase financial access and/or financial 
capability.
    Detailed Information about the Challenges--
    The following sections provide the official rules for each 
Challenge.

IdeaBank Challenge Competition--

Table of Contents

1. Eligibility
2. Challenge Period and Judging Period
3. How to Enter and Submission Requirements
4. Intellectual Property Rights
5. Display of Ideas and Public Voting
6. Winner Selection
7. Verification of Potential Winners
8. Prizes
9. Entry Conditions and Release
10. Publicity
11. Administrators and the Treasury
12. General Conditions
13. Limitations of Liability
14. Disputes
5. Arbitration
16. Privacy

1. Eligibility

Eligible Individuals and Entities

    The Challenge is open only to:
     Individuals who are U.S. citizens or permanent residents 
of the fifty (50) United States and its territories who are at least 
fourteen (14) years old at the time of entry; and
     Corporations (including not-for-profit corporations and 
other non-profit entities) or organizations that (i) are incorporated 
in the United States or its territories, (ii) have been duly organized 
and validly exist, and (iii) maintain a primary place of business in 
the United States (such corporations or organizations, 
``Organizations'').
    Individuals, Organizations, or teams must register to participate 
in the Challenge. Individuals may form teams (comprised solely of 
individuals) to enter the Challenge, provided that each member of a 
team must be independently eligible in accordance with these 
eligibility requirements. Individuals submitting on behalf of teams or 
Organizations must meet the eligibility requirements for individual 
Contestants. An individual may join more than one team and/or 
Organization.

Ineligible Individuals and Entities

    The following individuals and entities are not eligible to 
participate in the Challenge:
     The Administrators and any advertising agency or other 
company or contractor involved with the design, production, promotion, 
execution, or distribution of the Challenge;

[[Page 38134]]

     Any parent company, subsidiary, or other affiliate of any 
entity described above;
     Any employee of the entities described above (and their 
respective parent companies, subsidiaries, and other affiliates) and 
any member of such employee's immediate family or household;
     Any individual involved with the design, production, 
promotion, execution, or distribution of the Challenge and each member 
of any such individual's immediate family or household;
     Any judge (as described in Section 6), any member of a 
judge's immediate family or household, and anyone who otherwise has a 
familial or financial relationship with a judge;
     Any entity or individual in whom a judge has a personal or 
financial interest or for whom a judge is an employee, officer, 
director, or agent;
     Any company or individual that has a material business 
relationship or affiliation with the judges;
     Any employee of Treasury;
     Any Federal entity; and
     Any Federal employee acting within the scope of his or her 
employment.
    For purposes of these Official Rules, (a) the members of an 
individual's immediate family include such individual's spouse, 
children and step-children, parents and step-parents, and siblings and 
step-siblings, and (b) the members of an individual's household include 
any other person that shares the same residence as such individual for 
at least three (3) months out of the year.
    By submitting an idea, Contestants certify they meet these 
eligibility requirements. If they become aware they may no longer meet 
any of the eligibility requirements of this section, Contestants agree 
to notify Administrators immediately by email at [email protected].
    The Challenge is subject to all applicable Federal and state laws 
and regulations. Participation constitutes Contestant's full and 
unconditional agreement to these Official Rules and the Administrators' 
and Treasury's decisions, which are final and binding in all matters 
related to the Challenge. Eligibility for a prize award is contingent 
upon fulfilling all requirements set forth herein.

2. Challenge Period and Judging Period

    The Challenge submission period begins on 06/27/2012 at 12 a.m. EDT 
and ends on 08/01/2012 at 11:59 p.m. EDT (the ``Challenge Period''). A 
computer specified by the Administrators and Treasury, in their sole 
discretion, set to Eastern Time, is the official time-keeping device 
for this Challenge.
    The approximate dates for the judging are between 08/02/2012 and 
08/16/2012. These dates are approximate and are subject to change at 
the discretion of the Administrators and Treasury.

3. How To Enter and Submission Requirements

    Registration: During the Challenge Period, Contestants must 
register by visiting http://ideabank.mymoneyappup.challenge.gov and 
completing the registration form, or, if already registered, follow the 
procedures to join this Challenge. Registration is free. After the 
Contestant registers, the Contestant must verify the email address the 
Contestant provided via the registration email sent to the address 
entered in the registration form. Once registered, Contestants will be 
able to submit ideas for apps (``Ideas''). Registration will be 
required to receive updates on the Challenge.
    Submitting an Idea: To submit an Idea, a Contestant must agree to 
these Official Rules and any other terms, conditions, or policies that 
apply to the Contestant's use of the Challenge Web site, and complete 
the short statement that begins with ``I want an app that'' by 
inputting the Contestant's idea and posting it to http://ideabank.mymoneyappup.challenge.gov. Ideas will be automatically 
submitted as an Idea of that Contestant upon posting the Idea on http://ideabank.mymoneyappup.challenge.gov.
    Idea Guidelines: Ideas should be innovative ideas for apps that 
will promote financial capability and/or financial access.
    Integration of Data: Contestants are encouraged to propose ideas 
for apps that integrate data in ways that foster financial capability 
and/or financial access. Types of data include, but are not limited to, 
(i) the user's own personal financial data, such as information on the 
balances and transactions in his or her existing financial accounts and 
(ii) data on financial products and services.
    Idea Submission Requirements: Ideas submitted must meet the below 
requirements to be eligible to win a prize:
     Must be submitted during the Challenge Period;
     Must be for an app that promotes financial access and/or 
financial capability;
     Must not be substantially identical to a prior submission;
     Must be original, be the work of the Contestant, and not 
violate the rights of other parties;
     Must not contain any matter that in the sole discretion of 
the Administrators, Treasury, or the judges: (i) Depicts hatred; (ii) 
defames or denigrates (or is derogatory towards) any person or group of 
persons or any race, ethnic group, or culture; (iii) threatens a 
specific community in society, including any specific race, ethnic 
group, or culture; (iv) is intended to or may reasonably incite 
violence; (v) contains vulgar or obscene language or excessive 
violence; (vi) contains pornography, obscenity, or sexual activity; 
(vii) is otherwise indecent, in obvious bad taste, or demonstrates a 
lack of respect for public morals or conduct; or (viii) adversely 
affects the reputation of Treasury or the Administrators;
     Must comply with the Terms of Participation of http://ideabank.mymoneyappup.challenge.gov and with applicable law; and
     Must be in the English language.
    If the Administrators, Treasury, or the judges, in their 
discretion, find any Idea to not satisfy these requirements or any 
other provisions in these Official Rules, then such Idea shall be 
deemed disqualified. The Administrators, Treasury, or the judges may 
also prevent such an Idea from being displayed on the Web site, or may 
remove such an Idea that was already posted.
    Each Contestant (or if a team, then each member of the team) 
represents and warrants that he, she, or it is the sole author and 
owner of the Idea, that the Idea is wholly original with the 
Contestant, and that the Idea does not infringe, misappropriate, or 
otherwise violate any copyright, trade secret rights, or any other 
rights of any third party.

4. Intellectual Property Rights

    Each Contestant grants to the Administrators, Treasury, and their 
agents, a perpetual, royalty-free, non-exclusive, worldwide license 
with the right to sublicense under the Contestant's copyright in and to 
each Idea or other comment submitted by the Contestant to use, copy for 
use, make derivative works of, perform publicly, and display publicly, 
for any purpose whatsoever.

5. Display of Ideas and Public Voting

    Ideas meeting the Idea Submission Requirements (Section 3) will be 
posted on http://ideabank.mymoneyappup.challenge.gov and publicly 
attributed to the Contestant's username or first name and last initial

[[Page 38135]]

associated with the Challenge.gov user account that the voter creates 
upon registration on the http://ideabank.mymoneyappup.challenge.gov.
    To vote, a member of the public must register for the Challenge at 
http://ideabank.mymoneyappup.challenge.gov.
    The public voting will take place from 06/27/2012 through 08/07/
2012. Public voting will be used to rank the Ideas, with the top ten 
(10) vote-getters being finalists (``Finalists''). In the event there 
is a tie in voting such that it is not possible to identify only ten 
(10) Finalists, the number of Finalists will be increased as necessary. 
Each registered visitor is able to vote once for any or all Ideas 
during the voting period and may not revise his or her vote.
    Use of an automated process or similar device to submit an 
electronic vote is strictly prohibited. Any attempt to circumvent the 
one vote limit per Idea or to use an automated voting process will 
subject all votes from the person to disqualification. If a Contestant 
receives multiple and/or irregular votes from the same user or users, 
including but not limited to, votes generated by a robotic, programmed, 
script, macro, other automated means or other source, the 
Administrators and/or Treasury reserve the right to disqualify the 
Contestant in their sole discretion. If the voting process fails to 
operate properly or appears to be tampered with or tainted with errors, 
fraud or unfair practices, the Administrators and Treasury, in their 
sole discretion, reserve the right to direct the judging panel, as 
described in Section 6 below, to select up to ten (10) Finalists. 
Contestants may not pay people or provide any other type of 
consideration in exchange for votes. Any Contestant who violates the 
ban on paying or providing consideration in exchange for votes will be 
disqualified. Public votes may be displayed on the competition Web 
site, on a real-time basis, before being verified for integrity. These 
unverified votes do not necessarily accurately reflect the Finalists. 
The winners will be the Contestants who are contacted directly by the 
Administrators after votes have been verified.
    There is no limitation on the number of Ideas a Contestant can 
submit. A Contestant, however, may only have one (1) Idea as a winner 
of a monetary award.

6. Judges and Winner Selection

    Judges: A panel of judges will be appointed by Treasury and the 
Administrators. The individual judges that comprise the judging panel 
may change at the discretion of the Administrators and Treasury. Judges 
have the right to withdraw from the Challenge without advance notice in 
the event of extenuating circumstances beyond their control or as may 
be otherwise permitted by the Administrators and Treasury.
    Winner selection: Judges will score each of the Finalist Ideas. The 
five (5) Contestants whose Ideas earn the highest overall scores will 
win the prizes. The Idea with the highest score is the Grand Prize 
Winner, provided that the Idea and the Contestant who submitted the 
Idea is in compliance with these Official Rules, as determined by the 
judges. The Ideas with the second and third highest scores are the 
Runners Up, provided that the Idea and the Contestant who submitted the 
Idea is in compliance with these Official Rules, as determined by the 
judges. The Ideas with the fourth and fifth highest scores are the 
Honorable Mentions, provided that the Idea and the Contestant who 
submitted the Idea is in compliance with these Official Rules, as 
determined by the judges. If there is a tie between one or more Ideas 
for any of the monetary prizes, the winners will be selected by a final 
vote by the judges.
    Judging criteria: Finalists will be judged according to the below 
criteria.

----------------------------------------------------------------------------------------------------------------
                  Criteria                                                  Factors
----------------------------------------------------------------------------------------------------------------
Innovativeness of the idea..................   How innovative is this solution?
Potential to expand financial capability and/  How significant is the potential impact on consumers?
 or financial access.
                                               What is the potential for the app to enhance consumer
                                               financial capability and decision-making? (if applicable).
                                               What is the potential for consumers to use the app to
                                               gain access to high quality financial products and services? (if
                                               applicable).
                                               What is the potential for the app to help consumers adopt
                                               financial behaviors which will help them achieve their financial
                                               goals? (if applicable).
                                               To what extent does the app incorporate data, such as
                                               personal account data or data on financial products, to promote
                                               financial capability and/or financial access? (if applicable).
----------------------------------------------------------------------------------------------------------------

7. Verification of Potential Winners

    All Finalists are subject to verification by the Administrators and 
Treasury, whose decisions are final and binding in all matters related 
to the Challenge.
    Finalists must continue to comply with all terms and conditions of 
these Official Rules, and winning is contingent upon fulfilling all 
requirements. The Finalists will be notified by email after the date of 
the public voting. Each Finalist, and the Finalist's parent/guardian if 
the winner is under eighteen (18) years of age, will be required to 
sign and return to the Administrators, within five (5) calendar days of 
the date notice is sent, an Affidavit of Eligibility and Liability/
Publicity Release (except where prohibited) to claim his/her prize. If 
a Finalist cannot be contacted, fails to sign and return the Affidavit 
of Eligibility and Liability/Publicity Release within the required time 
period (if applicable), or if the prize or prize notification is 
returned as undeliverable, the Finalist will forfeit the prize. In the 
event that a Finalist is disqualified for any reason, the 
Administrators may award the applicable prize to an alternate winner in 
their discretion, provided that the Idea and the Contestant who 
submitted the Idea is in compliance with these Official Rules.

8. Prizes

    As described in Section 6, winners are determined by the judges 
based on the criteria listed in Section 6, provided that the Idea and 
the Contestant who submitted the Idea are in compliance with these 
Official Rules.
    Administrators shall pay prizes as follows. No prize will be paid 
from Federal funds, and Treasury is not responsible for paying any 
prize winner.

------------------------------------------------------------------------
                      Winner                          Prize    Quantity
------------------------------------------------------------------------
Grand Prize Winner................................    $1,000           1
Runners-Up........................................       500           2
Honorable Mention.................................       250           2
------------------------------------------------------------------------


[[Page 38136]]

9. Entry Conditions, Release, and Indemnification

    By entering, each Contestant agrees to:
    (a) Comply with and be bound by these Official Rules and the 
decisions of the Administrators, Treasury, and/or the Challenge judges, 
which are binding and final in all matters relating to this Challenge;
    (b) Release and hold harmless the Administrators and the Federal 
government (including Treasury) and their respective parent, 
subsidiary, and affiliated companies, offices, contractors and 
subcontractors at any tier, suppliers, users, customers, cooperating 
parties, grantees, investigators, detailees; the prize suppliers, and 
any other organizations responsible for sponsoring, fulfilling, 
administering, advertising, or promoting the Challenge; and all of 
their respective past and present officers, directors, employees, 
agents, and representatives (collectively, the ``Released Parties'') 
from and against any and all losses, damages, costs, expenses, 
liability and claims of any kind, including but not limited to any 
injury, death, damage, loss of property, revenue, or profits, 
negligence, invasion of privacy (under appropriation, intrusion, public 
disclosure of private facts, false light in the public eye or other 
legal theory), defamation, slander, libel, violation of right of 
publicity, infringement of trademark, copyright or other intellectual 
property rights, in each case whether direct, indirect or 
consequential, arising out of or relating to a Contestant's conception 
or submission of an Idea, participation in the Challenge, acceptance or 
use or misuse of prize (including any travel or activity related 
thereto), and/or the broadcast, transmission, performance, exploitation 
or use of a Contestant's Idea. Without limitation of the above, the 
Released Parties are not responsible for:
    i. Any incorrect or inaccurate information, whether caused by 
Contestants, printing errors, or by any of the equipment or programming 
associated with or utilized in the Challenge;
    ii. Technical failures of any kind, including, but not limited to 
malfunctions, interruptions, or disconnections in Internet lines or 
network hardware or software;
    iii. Unauthorized human intervention in any part of the entry 
process or the Challenge;
    iv. Technical or human error that may occur in the administration 
of the Challenge or the processing of entries; or
    v. Any injury or damage to persons or property which may be caused, 
directly or indirectly, in whole or in part, from Contestant's 
participation in the Challenge or receipt, use or misuse of any prize.
    (c) Indemnify, defend, and hold harmless the Administrators and the 
Federal government (including Treasury) from and against any and all 
claims, expenses, and liabilities (including reasonable attorneys' 
fees) arising out of or relating to a Contestant's participation in the 
Challenge, submission of an Idea, and/or Contestant's acceptance, use, 
or misuse of a prize.
    Notwithstanding the foregoing, the waivers and releases set forth 
in this Section 9 shall not apply (i) in the case of willful misconduct 
or (ii) for claims arising out of the unauthorized use or disclosure by 
Treasury of the intellectual property, trade secrets, or confidential 
business information of the Contestant.

10. Publicity

    Except where prohibited, participation in the Challenge constitutes 
a Finalist's consent to the Administrators', Treasury's, and their 
agents' use of the Finalist's name, likeness, photograph, voice, 
opinions, and/or hometown and state for promotional purposes in any 
media, worldwide, without further payment or consideration.

11. No Endorsement

    The Administrators and Treasury do not endorse any commercial 
enterprise or product.

12. General Conditions

    The Administrators and Treasury reserve the right to cancel, 
suspend, and/or modify the Challenge, or any part of it, if any fraud, 
technical failures, or any other factor beyond the Administrators' or 
Treasury's reasonable control impairs the integrity or proper 
functioning of the Challenge, as determined by the Administrators and 
Treasury. The Administrators and Treasury reserve the right to 
disqualify any individual or Contestant it finds to be tampering with 
the entry process or the operation of the Challenge or to be acting in 
violation of these Official Rules or in an unsportsmanlike or 
disruptive manner. Any attempt to undermine the legitimate operation of 
the Challenge may be a violation of criminal and civil law, and, should 
such an attempt be made, the Administrators and/or Treasury reserve the 
right to seek damages from any such person to the fullest extent 
permitted by law. The Administrators' and Treasury's failure to enforce 
any term of these Official Rules shall not constitute a waiver of that 
provision. The Administrators and Treasury are not responsible for, nor 
are they required to count, incomplete, late, misdirected, damaged, 
unlawful, or illicit votes, including those secured through payment, 
automated means, registering more than one email account and name, 
using another Contestant's email account and name. In addition, 
Administrators and Treasury are not responsible for or required to 
count votes lost for technical reasons or otherwise.
    If for any reason a Contestant's entry is confirmed to have been 
erroneously deleted, lost, or otherwise destroyed or corrupted, 
Contestant's sole remedy is another entry in the Challenge. No more 
than the stated number of prizes will be awarded.

13. Disputes; Governing Law; Choice of Forum

    Contestant agrees that:
    (a) Any and all disputes, claims and causes of action against the 
Administrators arising out of or connected with this Challenge, or any 
prizes awarded, other than those concerning the administration of the 
Challenge or the determination of winners, shall be resolved 
individually, without resort to any form of class action; and
    (b) Any and all claims, judgments and awards shall be limited to 
actual damages and out-of-pocket costs incurred, including costs 
associated with entering this Challenge, but shall in no event include 
attorneys' fees.
    All issues and questions concerning the construction, validity, 
interpretation, and enforceability of these Official Rules, or the 
rights and obligations of the Contestant, the Administrators, or 
Treasury in connection with the Challenge, shall be governed by and 
interpreted in accordance with Federal law and not the law of any state 
or locality. To the extent that a court looks to the laws of any state 
to determine or define the Federal law, the Contestants, 
Administrators, and Treasury agree that such court shall look only to 
the laws of the State of New York without regard to the rules of 
conflicts of laws.
    Each of the Administrators, Treasury, and the Contestant agree that 
the courts in Washington, DC, are the exclusive forum for resolving any 
disputes arising out of or related to the Challenge.

14. Privacy

    Any personal information collected from a visitor by registering or 
filling out the submission form through the Competition Web site is 
used to

[[Page 38137]]

facilitate the Challenge and respond to the registrant in matters 
regarding the registrant's Ideas and/or the Competition only. 
Information is not collected for commercial marketing. Please read the 
Challenge.gov Privacy Policy for complete information.

App Design Challenge Competition--

Table of Contents

1. Eligibility
2. Challenge Period and Judging Period
3. How to Enter; Submission Guidelines and Requirement
4. Intellectual Property Rights
5. Display of Submissions
6. Judges and Winner Selection
7. Verification of Potential Winners
8. Prizes and Award Ceremony
9. Entry Conditions and Release
10. Publicity
11. Administrators and the Treasury
12. General Conditions
13. Limitations of Liability
14. Disputes
15. Arbitration
16. Privacy

1. Eligibility

Eligible Individuals and Entities

    The Challenge is open only to:
     Individuals who are U.S. citizens or permanent residents 
of the fifty (50) United States and its territories who are at least 
fourteen (14) years old at the time of entry; and
     Corporations (including not-for-profit corporations and 
other non-profit entities) or organizations that (i) are incorporated 
in the United States or its territories, (ii) have been duly organized 
and validly exist, and (iii) maintain a primary place of business in 
the United States (such corporations or organizations, 
``Organizations'').
    Individuals, Organizations, or teams must register to participate 
in the Challenge. Individuals may form teams (comprised solely of 
individuals) to enter the Challenge, provided that each member of a 
team must be independently eligible in accordance with these 
eligibility requirements. Individuals submitting on behalf of teams or 
Organizations must meet the eligibility requirements for individual 
Contestants. An individual may join more than one team and/or 
Organization.

Ineligible Individuals and Entities

    The following individuals and entities are not eligible to 
participate in the Challenge:
     The Administrators and any advertising agency or other 
company or contractor involved with the design, production, promotion, 
execution, or distribution of the Challenge;
     Any parent company, subsidiary, or other affiliate of any 
entity described above;
     Any employee of the entities described above (and their 
respective parent companies, subsidiaries, and other affiliates) and 
any member of such employee's immediate family or household;
     Any individual involved with the design, production, 
promotion, execution, or distribution of the Challenge and each member 
of any such individual's immediate family or household;
     Any judge (as described in Section 6), any member of a 
judge's immediate family or household, and anyone who otherwise has a 
familial or financial relationship with a judge;
     Any entity or individual in whom a judge has a personal or 
financial interest or for whom a judge is an employee, officer, 
director, or agent;
     Any company or individual that has a material business 
relationship or affiliation with any judge;
     Any employee of Treasury;
     Any Federal entity; and
     Any Federal employee acting within the scope of his or her 
employment.
    For purposes hereof, (a) the members of an individual's immediate 
family include such individual's spouse, children and step-children, 
parents and step-parents, and siblings and step-siblings, and (b) the 
members of an individual's household include any other person that 
shares the same residence as such individual for at least three (3) 
months out of the year.
    By submitting an idea, Contestants certify they meet these 
eligibility requirements. If they become aware they may no longer meet 
any of the eligibility requirements of this section, Contestants agree 
to notify Administrators immediately by email at [email protected].
    The Challenge is subject to all applicable Federal and state laws 
and regulations. Participation constitutes Contestant's full and 
unconditional agreement to these Official Rules and the Administrators 
and Treasury's decisions, which are final and binding in all matters 
related to the Challenge. Eligibility for a prize award is contingent 
upon fulfilling all requirements set forth in these Official Rules.

2. Challenge Period and Judging Period

    The Challenge submission period begins on 06/27/2012 at 12 a.m. EDT 
and ends on 08/12/2012 at 11:59 p.m. EDT (the ``Challenge Period''). A 
computer specified by the Administrators and Treasury, in their sole 
discretion, set to Eastern Time, is the official time-keeping device 
for this Challenge.
    The approximate dates for the judging are between 08/13/2012 and 
09/28/2012. These dates are approximate and are subject to change at 
the discretion of the Administrators and Treasury.

3. How To Enter; Submission Guidelines and Requirements

    How to register: To register, Contestant must visit http://mymoneyappup.challenge.gov and complete the registration form, or, if 
already registered, follow the procedures to join this Challenge. The 
Contestant must complete all these steps during the Challenge Period. 
Registration is free. After the Contestant registers, the Contestant 
must verify the email address provided by the Contestant via the 
registration email sent to the email address entered in the 
registration form. Once registered, Contestants will be able to enter 
app design ideas that conform to the requirements set forth herein 
(each such app design idea, a ``Submission''). Registration will be 
required to receive updates on the Challenge.
    What to submit: To submit a Submission, a Contestant must fill out 
the submission form on http://mymoneyappup.challenge.gov, agree to 
these Official Rules and any other terms, conditions, or policies that 
apply to the Contestant's use of the Challenge Web site, and must 
provide the following items:
    A written description of:
    [ssquf] The idea for the app;
    [ssquf] How the app is innovative and contributes something new to 
the marketplace;
    [ssquf] How the app would promote financial capability and/or 
financial access;
    [ssquf] The feasibility of creating the app;
    [ssquf] The potential for sustainability for the app; and
    [ssquf] An image or video describing the app.

Submission Guidelines

    Integration of Data. Contestants are encouraged to propose apps 
that integrate data in ways that promote financial capability and 
financial access. Types of data include, but are not limited to: (1) 
the user's own personal financial data, such as information on the 
balances and transactions in his or her existing financial accounts; 
and (2) data on financial products and services.
    Mobile formats. Submissions may be for any mobile format (e.g., 
downloadable app, mobile Web site,

[[Page 38138]]

text messaging service, mobile-web hybrid) and type of mobile device 
(e.g., tablet, smartphone, feature phone), or any combination of these.
    Public Display. All Submissions will be made available to the 
public after the close of the Challenge Period.
    Changes and Revisions. Contestants may make changes or revisions to 
their Submissions until the close of the Challenge Period, on 08/12/
2012.
    Submission Requirements: Submissions must meet the below 
requirements to be eligible for a prize:
     Must be submitted during the Challenge Period;
     Must be designs for mobile apps that promote financial 
capability and/or financial access;
     Must be original, be the work of the Contestant, and not 
violate the rights of other parties;
     Must be made available free of charge to the public, such 
that anyone may use any of the ideas incorporated into the Submissions 
to create an app;
     Must not contain any matter that in the sole discretion of 
the Administrators, Treasury, or the judges: (i) Depicts hatred; (ii) 
defames or denigrates (or is derogatory towards) any person or group of 
persons or any race, ethnic group, or culture; (iii) threatens a 
specific community in society, including any specific race, ethnic 
group, or culture; (iv) is intended to or may reasonably incite 
violence; (v) contains vulgar or obscene language or excessive 
violence; (vi) contains pornography, obscenity, or sexual activity; 
(vii) is otherwise indecent, in obvious bad taste, or demonstrates a 
lack of respect for public morals or conduct; or (viii) adversely 
affects the reputation of Treasury or the Administrators;
     Must comply with the Terms of Participation of http://mymoneyappup.challenge.gov and with applicable law; and
     Must be in the English language.
    If the Administrators, Treasury, or judges find any Submission to 
be unacceptable based on these restrictions or any other provisions in 
these Official Rules, then such Submission shall be deemed 
disqualified. The Administrators, Treasury, or the judges may also 
prevent such a Submission from being displayed on the Web site, or may 
remove such a Submission that was already posted.
    Each Contestant (or if a team, then each member of the team) 
represents and warrants that he, she, or it is the sole author and 
owner of the Submission, that the Submission is wholly original with 
the Contestant and that it does not infringe, misappropriate, or 
otherwise violate any copyright, trade secret rights, or any other 
rights of any third party.

4. Intellectual Property Rights

    Each Contestant acknowledges and consents that the ideas contained 
in his or her Submissions may be used by any third party (including but 
not limited to other Contestants) for any purpose whatsoever without 
any compensation to the Contestant. Each Contestant grants to the 
Administrators, Treasury, and their agents, a perpetual, royalty-free, 
non-exclusive, worldwide license with the right to sublicense under all 
of the Contestant's intellectual property rights in and to each 
Submission submitted by the Contestant to use, copy for use, make 
derivative works of, perform publicly, and display publicly, for any 
non-commercial purpose.

5. Display of Submissions

    Submissions will be posted on http://mymoneyappup.challenge.gov 
after the close of the Challenge Period after being screened by the 
Administrators to confirm that the Submission includes all of the 
required items (see Section 3, ``What to Submit'').
    All Contestants will have equal access to Submissions posted on the 
Web site.

6. Judges and Winner Selection

    Judges: A panel of judges will be appointed by Treasury and the 
Administrators. The individual judges that comprise the judging panel 
may change at the discretion of the Administrators and Treasury. Judges 
have the right to withdraw from the Challenge without advance notice in 
the event of extenuating circumstances beyond their control or as may 
be otherwise permitted by the Administrators and Treasury.
    Judging criteria: Contestants will be judged according to the below 
criteria.

----------------------------------------------------------------------------------------------------------------
                  Criteria                                                  Factors
----------------------------------------------------------------------------------------------------------------
Innovativeness of the idea..................   How innovative is this solution?
Potential to expand financial capability and/  How significant is the potential impact on consumers?
 or financial access.
                                               What is the potential for the app to enhance consumer
                                               financial capability and decision-making? (if applicable).
                                               What is the potential for consumers to use the app to
                                               gain access to high quality financial products and services? (if
                                               applicable).
                                               What is the potential for the app to help consumers adopt
                                               financial behaviors which will help them achieve their financial
                                               goals? (if applicable).
                                               To what extent does the app incorporate data, such as
                                               personal account data or data on financial products, to promote
                                               financial capability and/or financial access? (if applicable).
Feasibility.................................   How feasible would it be to create the app?
                                               Can the design be implemented with available technology?
Sustainability..............................   What is the potential for the app to attract users?
                                               What is the potential for the app to have a sustainable
                                               business model?
----------------------------------------------------------------------------------------------------------------

    Winner selection: The potential winners whose Submissions are 
selected as finalist Submissions (``Finalists'') will be notified as 
set forth in Section 7 and invited to attend the award ceremony 
described in Section 8. Up to eight (8) Submissions will be selected as 
Finalists. Treasury and the Administrators reserve the right to cancel 
the award ceremony. Judges will score each of the Finalist Submissions 
prior to the award ceremony (``Preliminary Score''). Each Finalist who 
attends the award ceremony will be allotted no longer than ten (10) 
minutes at the ceremony to (a) describe their Submission, (b) explain 
how their Submission satisfies the above-mentioned criteria, and (c) 
respond to any questions that the judges may have regarding their 
Submission (``Oral Presentation''). Each judge may, at his or her 
discretion, revise the Preliminary Score of a Submission by increasing 
or decreasing the Submission's score in light of the Finalist's Oral 
Presentation. The five (5) Contestants whose Submissions earn the 
highest overall scores will win the prizes identified below in Section 
9. In the event of a tie,

[[Page 38139]]

the winners will be selected by a final vote by the judges.

7. Verification of Potential Winners

    All Finalists are subject to Verification by the Administrators and 
Treasury Whose Decisions are Final and Binding in all Matters Related 
to the Challenge.
    Finalists must continue to comply with all terms and conditions of 
these Official Rules, and winning is contingent upon fulfilling all 
requirements. Finalists will be notified by email after the date of the 
judging. Each Finalist, or a Finalist's parent/guardian if the Finalist 
is under eighteen (18) years of age, will be required to sign and 
return to the Administrators, within ten (10) calendar days of the date 
notice is sent, an Affidavit of Eligibility and Liability/Publicity 
Release (except where prohibited) to claim the prize. If a Finalist 
cannot be contacted, fails to sign and return the Affidavit of 
Eligibility and Liability/Publicity Release within the required time 
period (if applicable), or if the prize or prize notification is 
returned as undeliverable, the Finalist forfeits the prize. If a 
Finalist is disqualified for any reason, the Administrators may award 
the applicable prize to an alternate winner who had the highest score 
of the remaining eligible entries.

8. Prizes and Award Ceremony

    Administrators shall pay prizes as follows. No prize will be paid 
from Federal funds, and Treasury is not responsible for paying any 
prize winner.

------------------------------------------------------------------------
                      Winner                          Prize    Quantity
------------------------------------------------------------------------
Grand Prize Winner................................   $10,000           1
Runners-Up........................................    $5,000           2
Honorable Mention.................................    $2,500           2
------------------------------------------------------------------------

Award Ceremony

    All Finalists will be invited to attend an award ceremony, the 
details of which will be announced at a later time. Treasury and the 
Administrators reserve the right to cancel the award ceremony, in their 
sole discretion. The Administrators, judges, members of Treasury staff, 
media representatives, and other guests will also be invited to attend. 
Travel to the event for all Finalists will be reimbursed by the 
Administrators in the amount of up to five hundred U.S. dollars ($500) 
for individual Finalists and up to fifteen-hundred U.S. dollars 
($1,500) for Finalist teams (total, regardless of how many individuals 
are on the team). Any Finalist who is a minor must be accompanied by 
his or her parent or legal guardian to the ceremony. Finalists who 
attend the ceremony will have an opportunity to present their 
Submissions to the judges and answer questions posed by judges. The 
judges may, at their discretion, take such presentation and answers 
into account in judging the Submissions. The awarding of a prize is, 
however, not contingent upon a Finalist attending the award ceremony.

9. Entry Conditions, Release, and Indemnification

    By entering, each Contestant agrees to each of the following:
    (a) To comply with and be bound by these Official Rules and the 
decisions of the Administrators, Treasury, and/or the Challenge judges, 
which are binding and final in all matters relating to this Challenge.
    (b) To release and hold harmless the Administrators and the Federal 
Government (including Treasury), and their respective parent, 
subsidiary, and affiliated companies, offices, contractors and 
subcontractors at any tier, suppliers, users, customers, cooperating 
parties, grantees, investigators, detailees; the prize suppliers; and 
any other organizations responsible for sponsoring, fulfilling, 
administering, advertising or promoting the Challenge; and all of their 
respective past and present officers, directors, employees, agents, and 
representatives (collectively, the ``Released Parties'') from and 
against any and all losses, damages, costs, expenses, liability, and 
claims of any kind, including but not limited to any injury, death, 
damage, loss of property, revenue, or profits, negligence, invasion of 
privacy (under appropriation, intrusion, public disclosure of private 
facts, false light in the public eye, or any other legal theory), 
defamation, slander, libel, violation of right of publicity, 
infringement of trademark, copyright or other intellectual property 
rights, in each case whether direct, indirect, or consequential, 
arising out of or relating to a Contestant's creation or submission of 
a Submission, participation in the Challenge, acceptance or use or 
misuse of prize (including any travel or activity related thereto), 
and/or the broadcast, transmission, performance, exploitation, or use 
of a Contestant's Submission. Without limitation of the above, the 
Released Parties are not responsible for:
    i. Any incorrect or inaccurate information, whether caused by 
Contestants, printing errors, or by any of the equipment or programming 
associated with or utilized in the Challenge;
    ii. Technical failures of any kind, including, but not limited to 
malfunctions, interruptions, or disconnections in Internet lines or 
network hardware or software;
    iii. Unauthorized human intervention in any part of the entry 
process or the Challenge;
    iv. Technical or human error which may occur in the administration 
of the Challenge or the processing of entries; or
    v. Any injury or damage to persons or property which may be caused, 
directly or indirectly, in whole or in part, from Contestant's 
participation in the Challenge or receipt, use, or misuse of any prize.
    (c) To indemnify, defend, and hold harmless the Administrators and 
the Federal government (including Treasury) from and against any and 
all claims, expenses, and liabilities (including reasonable attorneys' 
fees) arising out of or relating to a Contestant's participation in the 
Challenge, submission of a Submission, and/or Contestant's acceptance, 
use, or misuse of a prize.
    Notwithstanding the foregoing, the waivers and releases set forth 
in this Section 9 shall not apply (i) in the case of willful misconduct 
or (ii) for claims arising out of the unauthorized use or disclosure by 
Treasury of the intellectual property, trade secrets, or confidential 
business information of the Contestant.

10. Publicity

    Except where prohibited, participation in the Challenge constitutes 
a Finalist's consent to the Administrators', the Treasury's, and their 
agents' use of the Finalist's name, likeness, photograph, voice, 
opinions, and/or hometown and state for promotional purposes in any 
media, worldwide, without further payment or consideration.

11. No Endorsement

    The Administrators and Treasury do not endorse any commercial 
enterprise or product.

12. General Conditions

    The Administrators and Treasury reserve the right to cancel, 
suspend, and/or modify the Challenge, or any part of it, if any fraud, 
technical failures, or any other factor beyond the Administrators' or 
Treasury's reasonable control impairs the integrity or proper 
functioning of the Challenge, as determined by the Administrators and 
Treasury. The Administrators and Treasury reserve the right to 
disqualify any individual or Contestant it finds to be tampering with 
the entry process or the operation of the Challenge or to be

[[Page 38140]]

acting in violation of these Official Rules or in an unsportsmanlike or 
disruptive manner. Any attempt to undermine the legitimate operation of 
the Challenge may be a violation of criminal and civil law, and, should 
such an attempt be made, the Administrators and/or the Treasury 
reserves the right to seek damages from any such person to the fullest 
extent permitted by law. The Administrators' or the Treasury's failure 
to enforce any term of these Official Rules shall not constitute a 
waiver of that provision.
    If for any reason a Contestant's entry is confirmed to have been 
erroneously deleted, lost, or otherwise destroyed or corrupted, 
Contestant's sole remedy is another entry in the Challenge. No more 
than the stated number of prizes will be awarded.

13. Disputes; Governing Law; Choice of Forum

    Contestant agrees that:
    (a) Any and all disputes, claims and causes of action against the 
Administrators arising out of or connected with this Challenge, or any 
prizes awarded, other than those concerning the administration of the 
Challenge or the determination of winners, shall be resolved 
individually, without resort to any form of class action; and
    (b) Any and all claims, judgments and awards shall be limited to 
actual damages and out-of-pocket costs incurred, including costs 
associated with entering this Challenge, but shall in no event include 
attorneys' fees.
    All issues and questions concerning the construction, validity, 
interpretation, and enforceability of these Official Rules, or the 
rights and obligations of the Contestant, the Administrators, or 
Treasury in connection with the Challenge, shall be governed by and 
interpreted in accordance with Federal law and not the law of any state 
or locality. To the extent that a court looks to the laws of any state 
to determine or define the Federal law, the Contestants, 
Administrators, and Treasury agree that such court shall look only to 
the laws of the State of New York without regard to the rules of 
conflicts of laws.
    Each of the Administrators, Treasury and the Contestant agree that 
the courts in Washington, DC, are the exclusive forum for resolving any 
disputes arising out of or related to the Challenge.

14. Privacy

    Any personal information collected from a visitor by registering or 
filling out the submission form through the Competition Web site is 
used to facilitate the Challenge and respond to the registrant in 
matters regarding the registrant's Submissions and/or the Competition 
only. Information is not collected for commercial marketing. Please 
read the Challenge.gov Privacy Policy for complete information.

    Authority: 15 U.S.C. 3719.

    Dated: June 21, 2012.
Cyrus Amir-Mokri,
Assistant Secretary for Financial Institutions, Department of the 
Treasury.
[FR Doc. 2012-15583 Filed 6-25-12; 8:45 am]
BILLING CODE 4810-25-P