QSecure Raises $10 Million in Series D Funding

LOS ALTOS, Calif. — QSecure Inc.(www.qsecure.com), the powered card platform company, today announced it has received $10 Million in Series D funding from Worldview Technology Partners, Allegis Capital, UMC Capital, and Société Générale.

“We are big believers in the market potential for powered cards and are excited about the progress QSecure is making,” said Pete Goettner, General Partner, Worldview Technology Partners. “The capital raised in this round of financing will allow QSecure to begin card deployment at customer sites while continuing to innovate the platform. QSecure is uniquely positioned to be a market leader in this rapidly growing segment.”

The proceeds from the financing will be used to complete final development and initial pilots of QSecure’s first powered card products, including the SmartStripe card and the Display Card. Funds will also be used to continue development of the QSecure powered card platform, which will enable additional products and value-added services to be deployed by payment card issuers and banks.

“Powered cards offer a unique set of benefits to financial institutions – greater security, in both on-line and off-line transactions, as well as the ability to expand functionality through future software enhancements. Unlike mobile platforms, the issuer maintains complete control of branding and distribution,” said David Krall, CEO of QSecure, Inc. “Further, because they work compatibly in the existing card acceptance infrastructure, powered cards are an ideal platform on which to innovate.”

QSecure is a key innovator in the field of powered cards, already holding 11 patents targeted at reducing fraud and helping card issuers increase revenues from value-added services for their customers. QSecure’s solutions operate in both on-line and off-line environments, and work within the existing card payment infrastructure. QSecure’s cards are expected to be in pilot deployment this year, with commercial production beginning in 2010.

About Worldview Technology Partners (www.worldview.com)

Worldview Technology Partners is a leading venture capital firm focused on investing in and building leading U.S. technology companies. Its comprehensive, industry-leading business development services help portfolio companies succeed in U.S. and international markets.

With a 12-year track record of successful technology investing and more than $1.4 billion under management, the Worldview team has both the experience and the resources to invest in a broad range of information technology markets, including communications, semiconductors, digital media, enterprise infrastructure and software.

About Allegis Capital (www.allegiscapital.com)

Allegis Capital focuses on investments in early stage information technology companies in California. Allegis has raised $500 million in capital and is a leader in working with major corporations to create strategic advantage for its investors and portfolio companies. Allegis Capital maintains offices in Palo Alto and San Francisco, California.

About Société Générale (www.socgen.com)

Société Générale is one of the largest financial services groups in the euro-zone. The Group employs 163,000 people worldwide in three key businesses:

• Retail Banking & Financial Services: Société Générale serves more than 30 million individual customers worldwide.
• Global Investment Management & Services: Société Générale is one of the largest banks in the euro-zone in terms of assets under custody (EUR 2,906 billion, June 2009) and under management (EUR 333 billion, June 2009).
• Corporate & Investment Banking: Société Générale tailors solutions for its clients across sectors by capitalizing on its worldwide expertise in investment banking, global finance, and global markets.

Société Générale is included in 3 socially-responsible investment indexes: FTSE4Good, ASPI and Ethibel.

About QSecure (www.qsecure.com)

QSecure Inc. is the leading powered card platform company, working to increase the profitability of financial institutions through innovative new payment card technology solutions. QSecure’s solutions reduce fraud losses and fraud-related costs while increasing revenues by giving issuers the tools required to safely approve more transactions.

QSecure’s SmartStripe and Display Card solutions introduce dynamic data to payment transactions, making every transaction unique. Issuers get the full benefit of these solutions immediately because QSecure products are designed to work in the existing card acceptance infrastructure.

Contacts:
QSecure Inc.
Daniel Chatelain, 650-940-6440
Fax: 650-940-6439
press@qsecure.com

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