Company: Quisk Inc.
Payment startup Quisk Inc., established in 2011 and headquartered in Sunnyvale, Calif., created a cloud-based mobile payment platform that blends traditional retail and credit card processing with advanced digital technologies. According to the company, the platform is designed to work with financial institutions worldwide and facilitates mobile payments, marketing and loyalty programs while eliminating the need for cash, credit cards, or a physical wallet. Consumers do not need a smartphone to transact in real time; they can simply enter their mobile phone number and PIN at participating bank and retail locations, Quisk added.
Quisk was a finalist and fourth place winner of WhoDat 2015, a tech startup competition hosted by the Southeast Acquirers Association. According to the company, it is sanctioned by a central banking authority and partners with financial institutions and organizations to digitize fiat currencies and improve access to financial services for underbanked populations. These strategic partnerships have led to innovations in an array of products and services that have lowered costs, improved efficiencies and created new sources of revenue, Quisk noted.
"We partnered with Quisk due to their unique mobile money/digital payments platform and the caliber of their leadership team," said Doug Halsall, Chief Executive Officer of Jamaica-based Advanced Integrated Solutions. "Their conformity to banking standards (ISO8583) leverages existing POS systems [and merchant networks]."
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