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Quisk Creates a New Type of Payment Account Using Digitized Cash

Quisk Creates a New Type of Payment Account Using Digitized Cash
QuiskLogo

This post is part of our live coverage of FinovateSpring 2014.

Next, Quisk demonstrated its cloud-based digitized cash solutions:
 
“Quisk is the first company to be sanctioned by a central bank for an all-digital bank account with complete and secure banking functionality. Quisk is demonstrating various use cases from its cloud-based digital services and transaction-processing platform. 
The patent-pending Quisk technology utilizes the consumer’s mobile phone number and secured PIN to create and access a new type of payment account, domiciled at a bank or other financial institution. Quisk enables special transaction processing and balance limits to facilitate compliance with Know Your Customer (KYC) and state-of-the-art risk management.”
Presenting: Praveen Amancherla (CTO) and Dan Glessner (CMO)
Product Launch: January 2012
Metrics: Quisk is a pre-revenue startup with approximately 30 employees
Product distribution strategy: Direct to Business (B2B), through financial institutions
HQ: Sunnyvale, CA
Founded: June 2007
Website: quisk.co