About QSecure
Founded in 2003, QSecure is the platform company whose SmartStripe™ electronic powered credit cards prevent the use of stolen card data without changing retail systems or card holder behavior. QSecure's patented, magnetic media chip and authentication solutions are designed to allow card issuers to deliver solutions to protect card data without requiring changes to the card processing environment. Backed by established venture investors and strategic partners, the company has completed Series A, Series B and Series C financing, raising in excess of $22 million. QSecure's initial solution is based on a proprietary chip that is embedded in the magnetic stripe and creates a unique number on the magnetic stripe each time the card is used. The unique number for each transaction is authenticated by the card issuer in real time using QSecure's patented authentication technology. QSecure works with major providers including card issuers, card associations, card manufacturers, transaction processing service providers and others to deliver secure financial cards and solutions to the market. In addition to the magnetic stripe solution for situations where a card reader is used, QSecure is also working with its partners to integrate flexible displays into its solutions, to make visible the unique number for ecommerce, phone and mail order applications where there is no terminal to swipe the card.
