Tech Talk
Conshohocken firm buys local credit-card technology company
investment purchased GoNow Technologies, a Bala Cynwyd, Pa., startup
that developed a magnetic strip that connects debit/credit card with
smart phone mobile wallet applications.
The buyer,
Ciright Card Services of Conshohocken, Pa., exchanged an undisclosed
amount of cash and equity to absorb GoNow’s assets. It will be rebranded
as the Ciright One card, which consolidates debit, credit, loyalty and
gift cards into one single mobile wallet.
“The One card when combined with the One Mobile Wallet app allows
consumers to access all of their cards as the One card can become any
credit, debit, or stored value card in the One Mobile Wallet,” Ciright told Philly Tech News.
GoNow had received $225,000 from Ben
Franklin Technology Partners in 2012, and had raised capital with
several other venture capital firms.
It was founded by Doug Spodak, who is no longer a part of the company, in 2009. On GoNow’s website,
Spodak said their “ambition is that eWallet issuers and consumers will
find the card so simple, so useful, that it will become universal.”
Ciright will
connect the new One card to its Cloud, so while GoNow never truly gained
enough power on its own, it may not get a second wind.
“We will partner
with banks and local credit unions to deliver consumers the most
compelling, feature-rich experience with a mobile wallet to manage their
financial life,”Ciright CEO Joseph Callahan said.
by Dan Norton Sep 29, 2015, 1:21pm EDT
Ciright Declares Platform Ubiquity
Ciright makes the investment and decision to be accessible from any device. Ciright’s campaign promises that regardless of the development of technology over the years ahead that they will be platform agnostic and operating systems agnostic. Ciright wants to remain...
Ciright Introduces Automated Correspondence Application to Consumers
Ciright announces quick correspondence application, which is the turbo charging of word documents and templates to provide a means of generated correspondence by customer or opportunity in a fraction of time it takes to create in Microsoft word. This application is...
Ciright Provides Unified Platform for PDA’s and Mobile Phones
Ciright announces a Ciright PDA application that would incorporate the technology originally developed three years prior that would unify the Contacts, Calendar, Projects, Customers, and Notes all on a mobile device. This Ciright OS is an overlay graphical GUI user...
The International Conference on Third Generation Wireless and Beyond Kicks Off In San Francisco
Ciright is excited about this year's World Wireless Congress International Conference on Third Generation Wireless and Beyond taking place this time in San Francisco. Throughout company history, Ciright has remained dedicated to innovations in mobile technology and...
Ciright Announces System One
Ciright announces the availability of System One or Uno, which is one system for the enterprise. The system replaces the need for multiple applications and eliminates the disconnection among human resources, accounting, sales, and manufactures in the enterprise....
Find Ciright at the Second Annual Macworld Expo in NYC
After the exciting first Macworld Expo last year, Ciright decided to attend this year's expo in New York City. Following a memorable scene of actor Noah Wyle impersonating Mr. Jobs, Apple's CEO then took the stage to present the iBook portable laop computer, the...
Recent Comments