Fuze Card raises nearly $2.5m in crowdfunding

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Fuze Card, which is designed to act as a whole wallet in a single thin device, has raised nearly $2.5m.

The device has collected a little over $2.44m in Indigogo funding, having received backing from 15.464 individuals.

Fuze describes itself as revolutionary multi-card technology, storing up to 30 credit cards and using a lock to protect the data within. Fuze Card is fully developed and working with ISO and FCC certifications. Inside, Fuze Card contains a re-writable EMV chip that can support multiple cards and payment information. It is the same size as any other credit or debit card and is secure affordable and convenient according to its website.

The eCARD holds up to 30 different cards and eCARD Manager hold unlimited amount of cards. It enables users to receive a notification on their phone whenever they leave their eCARD behind. It allows the user to add all of their Visa, Master Card or American Express cards into a single eCARD and use it just like a normal credit card anywhere. It also has remote wipe technology, meaning a user can clear all the data from the card if lost.

Fuze Card stores encrypted info in secured memory and is compatible with existing payment terminal. Its core technology includes dynamic magnetic stripe emulation, multi IC chip technology, BUS (BrilliantTS Ultra Slim) packaging technology, and card security technology.

The card was founded by Jaehun Bae, the president and CEO of consumer electronics company BrilantTS. Prior to this he co-founded CrucialTec, a manufacturer of Optical Track Pad (OTP) mobile input devices. Its clients include Research In Motion, Samsung, LG, HTC, Sony Ericsson, Motorola, Pantech, and other handset manufacturers. It also supplies OTP for smart TVs and digital cameras to HP, Sharp, Kyocera, Acer, and more.

Copyright © 2018 RegTech Analyst


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