How they describe themselves: Quisk, Inc. partners with banks and merchants to enable anyone to use their money without needing cash or cards. We are a Silicon Valley based startup that provides a next-generation digital services and transaction-processing platform for integrated mobile payment and digital marketing as well as loyalty programs.
Deploying cloud-based technology, the Quisk digital services platform not only works with any type of mobile phone number on any wireless network, but also leverages existing Point-Of-Sale (POS) infrastructure. The Quisk team is comprised of payments and technology industry veterans from CyberSource, Visa, Apple, and HP.
How they describe their product/innovation: Quisk is the next step in the evolution of money.
We are the creator of a new cash-based digital payment type. We enable banks to create a new type of all-digital account, which is accessed by a consumer’s mobile phone number and secure PIN. The Quisk cloud-based digital services platform is technology agnostic, multi-issuer/acquirer, and works with existing core banking and retail POS infrastructure.
Quisk is demonstrating a variety of digital cash transactions: in-store purchase using POS systems, Person-to-Merchant (P2M), Bill Pay, online purchase (eCommerce), and Person-to-Person (P2P) send money. In addition, the Quisk platform enables merchants to offer digital loyalty programs and marketing offers while reducing interchange fees.
Product distribution strategy: Direct to Business (B2B), through financial institutions