QSecure eliminates losses resulting from stolen credit card numbers without requiring changes to acceptance systems. There are no capital expenditures required for new card readers, no need to change any retail applications or how you accept and process card transactions. SmartStripe™ cards work exactly like traditional credit and debit cards – except they are now secure.

 

QSecure has designed an electronic powered credit card that generates a unique number for each transaction whenever the card is swiped through a traditional magnetic stripe card reader. Your customers will receive these cards from their existing banks and financial institutions. The cards are identifiable by a small chip embedded in the magnetic strip on the back of the card.

The use of SmartStripe™ cards requires no special equipment for the merchant. QSecure cards work in all traditional magnetic stripe card readers.

QSecure cards require no special actions or behavior on the part of retail customers – no passwords or PINs to remember, no special "waving" of a contactless card – they shop and pay as they always have, secure in the knowledge that their card data can't be used fraudulently.

Transactions for authorization and payment using a QSecure card move through the financial network as before – no special actions, investments, or changes of any kind are required of the merchant.

Benefits to merchants include:

  • lower costs due to elimination of fraud from card number theft
  • less exposure to PCI DSS liability due to the unique card number for each transaction (data is good for only one transaction so compromised data can not be used fraudulently)
  • more purchases from customers who are less concerned about card number theft
  • better throughput and less stress on cashiers resulting from a reduction in their role of verifying card holder identity; fewer card issuer verification requests

Merchants wishing to leverage transactions processed using QSecure cards should speak with their accepting associations. Testing with major card issuers will begin by 2008.