LAS VEGAS, Oct. 26, 2015 /PRNewswire/ -- Money 20/20 Conference -- uQontrol, Inc. unveiled Qkey the FIRST chip and PIN solution for securing payments online. The Qkey is a "radically simple" solution that begins with embedding the same security chip used on the new payment cards onto a payment key for making secured online payments without any change needed by merchants or card issuers. While the Qkey patent pending technology "emulates" the trusted chip and PIN payment card, the one-click "smart login" technology eliminates the need for ever having to enter hard to remember passwords. "Virtual security has proven that without physical involvement by the consumer we just can't be protected the way we need and deserve. uQontrol sees a world without passwords and a world where online payments look more like payments at brick-and-mortar rather than the other way around," said Christopher Maus, CEO of uQontrol. Now, with a single click consumers can shop without typing in URLs, entering passwords, filling out forms or entering credit card numbers; reducing vulnerable points used by hackers to steal personal information.
uQontrol and other members of the FIDO® (Fast IDentity Online) Alliance are dedicated to reducing and/or eliminating passwords as a prevailing method for logging in to all web accounts. "It's pretty simple; we wouldn't tolerate having to enter a password for opening the door at our favorite coffee shop, then manually typing in our credit card data on a computer terminal to buy a cup of coffee… but that's exactly what we do online; the experience can't get much worse," continued Christopher Maus.
Qkey users can also store favorite websites, shipping information and other sensitive data reducing the need for typing-in information for online transactions. uQontrol also took a page from the "mobile" design playbook and created the Qkey "one-click" navigation for a more natural, frictionless experience. With the Qkey "smart wallet" the users carry and store their card data and other sensitive information more securely in their pocket ̶ off the PC, off the browser, off the grid. uQontrol is dedicated to consumer security and is creating an ever expanding suite of features providing an even smarter, safer and more friendly consumer experience and will soon be making our Software Development Kits (SDK) available for app developers. Qkey is currently in Beta testing and will be available to the public early next year.
About uQontrol
uQontrol, Inc. developed the first Chip and PIN Payment platform for storing payment cards and securing ecommerce transactions. Qkey is significantly expanding online security while improving the user experience by "emulating" the new Chip and PIN payment cards used for purchases at brick and mortar stores. The Qkey provides a more natural experience both for making payments and instant web account login with one-click "Smart Login" technology replacing the need for hard to remember passwords.
For more information or to Order a Qkey, visit www.Qkey.com.
Video - https://www.youtube.com/watch?v=Wio0Sq8cSYs
SOURCE uQontrol, Inc.