|[December 17, 2012]
IMAGO Breaks Through the Mobile Payment Stalemate
LOS ALTOS, Calif. --(Business Wire)--
QSecure, Inc., the leader in powered payment cards, announces IMAGO
(pronounced ee-ma-go), a powered payment card and mobile app for iPhone (News - Alert),
Android, and Windows phones.
With IMAGO'S patent pending technology, users program their IMAGO card
with their smartphone screen and can use IMAGO at existing credit card
terminals. IMAGO accepts all major credit cards, gift cards, and loyalty
cards and helps users maximize gift card redemption while radically
slimming down their wallet or pocketbook. To see an IMAGO video, visit www.qsecure.com.
Using your phone to make payments and manage your cards is widely
believed to be the Next Big Thing, but progress is stalled
because merchants don't have the type of credit card terminals that the
phone companiesneed them to have, a technology called NFC. IMAGO solves
the problem because it can communicate directly with regular credit card
terminals and with smart phones, forming a bridge between the two.
"The war of the wallets is on between big players like Visa, MasterCard,
Google (News - Alert), Square, and Apple, but merchants and consumers are waiting to
see which of these platforms will become predominant," explains QSecure
CEO Mike Cummings, "Because our solution uses the phone's display to
communicate with the card, it can be used with any smartphone running
our IMAGO App. There is no need for consumers to wait for the next
generation smartphone or for merchants to change their credit card
terminals to take advantage of mobile wallets."
Security is a big concern in the mobile payment industry and IMAGO took
special care in this area. Each IMAGO card can only communicate with a
paired IMAGO App and the user can lock the Card at any time with a long
press of the button. The IMAGO App uses bank-level encryption to store
sensitive user data in the phone and never uploads any personal user
information to the "cloud" like the Google and PayPal (News - Alert) wallets do.
IMAGO is available for pre-order today at www.qsecure.com.
Founded in 2003, QSecure is a leading developer of dynamic payment card
technology for the payments and banking industries. The company is
headquartered in Los Altos, CA (News - Alert).
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