QSecure raises $5,000,000

QSecure, Inc. an innovator in payment card authentication solutions announced that it has closed a Series C Preferred Stock financing round totaling $5 million.  Card issuers, merchants and card holders are unsuccessfully scrambling to protect the integrity of the card transaction network and consumer data.  How does QSecure do it? A small chip is embedded in the magnetic stripe of each card making it a SmartStripe card. Every time the card is used, a portion of the magnetic stripe is changed. The card issuer can tell in real time if the transaction is fraudulent, thereby protecting cardholders and retailers.