Quisk

Quisk, Inc.

Headquarters	Sunnyvale, CA, United States
No. of locations	Louisville, KY, Dubai, U.A.E., MENA region, Caribbean region
Founder(s)	Dave Barram and Jorge Fernandes
Slogan(s)	The next step in the evolution of money ™
Website	http://www.quisk.co/
Launched	2007

Quisk, formerly known as MOBIbucks, is a Silicon Valley-based start-up that digitizes cash and enables financial institutions and others to provide cash-less transactions and safe, simple and secure financial services to anyone with a mobile phone number.

Quisk, Inc. developed the first and only patent-pending mobile payments solution that uses just a mobile phone number and PIN, eliminating the requirement that a consumer carry cash, credit cards or even the physical mobile phone in order to purchase goods, redeem coupons and receive reward incentives.

The company is an innovator in the digital cash and mobile money space and has developed a digital services and transaction processing platform for integrated mobile payments and marketing/loyalty programs. Deploying patent-pending, cloud-based technology, the Quisk digital cash platform not only works with any mobile phone number on any type of mobile phone, but also leverages existing core banking and retail POS infrastructure.

Quisk headquarters are in Silicon Valley, with additional offices in Louisville, KY and Dubai, U.A.E.

History

The company, formerly known as MOBIbucks Corporation, was founded in 2007 with a mission to develop a solution to provide cash-less transactions and safe, simple and secure financial services for anyone with a mobile phone number.

Quisk opened an office in Dubai, U.A.E. in early 2009 and by early 2010, Quisk and Hypercom were bringing mobile payments to restaurants there. In mid-2011, Abu Dhabi Commercial Bank (ADCB), one of the largest banks in the U.A.E., launched the Quisk solution (called MOBI in country). Later in 2011, Quisk partnered with Advanced Integrated Systems (AIS) to develop the first mobile money and payments platform for the Caribbean. ^[1]

In April, 2012, Quisk and ADCB won the award for best Mobile Payment initiative for the first-of-its kind payment product for making purchases with a mobile phone number. ^[2] In late 2012, Steve Novak, who served as Chairman, became the C.E.O. of Quisk, Inc. Formerly, Novak was the Lead Independent Director at CyberSource Corporation, an ePayments processor, serving on CyberSource’s Board from the Company’s inception in December 1997 until its acquisition by Visa Inc. in 2010.

In 2013, Quisk and its Caribbean partner, AIS continued to make progress on their planned mobile money deployment in Jamaica. ^[3]

In 2014, Quisk completed the integration of the Middle East Payment Services (MEPS), a consortium of seven Arab banks providing payment services in the Middle East, to the Central Bank of Jordan. The company remains known as MOBIbucks FZ in the Middle East. ^[4]

In addition, Quisk developed the 2nd generation of its digital cash platform and was selected to demonstrate on-stage at the Finovate Spring event in San Jose, CA. ^[5]

The company continues to develop additional digital cash functionality, such as eCommerce, Bill Pay and Remittances, and is expanding its geographic scope into other regions of the world.

Funding

Quisk, Inc. has received funding of over $15 Million in Series A Preferred and Notes convertible into Series A.

References

External links

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