Monday, December 15, 2008 8:07:56 AM
mobiclear Announces Tests Launched for Its PIV System to Decrease Credit Card Fraud Worldwide
- Contracts Expected to Follow -
MANILA, Philippines and LAGUNA HILLS, Calif., Dec. 15 /PRNewswire-FirstCall/ -- mobiclear, Inc. (OTC Bulletin Board: MOBI; Frankfurt: B3CA), (http://www.mobiclear.com/), owner of the unique, patent pending Personal Identification Verification (PIV) solutions system to help eliminate credit and debit card fraud, said today that its PIV platform, in operational mode, has begun testing at regional banks in the Philippines and international banks.
"mobiclear expects the tests to be completed soon, followed by signing contracts with the banks for our PIV services," said Stephen P. Cutler, CEO.
"We are pleased that these banks are taking a close look at an efficient, effective way to significantly decrease fraud involving transactions using a credit, debit, ATM or prepaid cards," said Mr. Cutler. "mobiclear's process, which it invented and perfected, allows its customers worldwide to either confirm a credit card or debit transaction using their cell phone, or to switch off their credit and debit cards. "When a card is off, it could be lost, and there is still no way, even with using stolen identification, that the card can be used," Mr. Cutler said.
"Whenever a customer wants to activate or deactivate their card, they send a message to mobiclear via their four-digit pin code. It is the code that verifies identity. We are providing the marketplace a simple yet precise high security protection that provides hands-on theft protection and that works all over the world," mobiclear's CEO stressed.
ABOUT mobiclear: mobiclear, Inc. (OTC BB: MOBI; Frankfurt: B3CA), (http://www.mobiclear.com/), headquartered in Manila, Philippines, offers a range of solutions to credit card and debit card fraud based on its patent-pending Personal Identification Verification system. It also offers products to ensure against fraud in all electronic transactions, including telephone and Internet transactions.
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements in this press release. Additional risks and uncertainties are identified and described in the Company's SEC reports. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
CONTACT: mobiclear, Inc.
Paul Knopick E & E Communications (949) 707-5365
DATASOURCE: mobiclear, Inc.
CONTACT: CONTACT: Paul Knopick of E & E Communications,
+1-949-707-5365, ,
, for mobiclear, Inc.
Web Site: http://www.mobiclear.com/
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