VENICE, FL--(NewMediaWire - Sep 21, 2017) - Advanced Credit
Technologies, Inc. ("CyberloQ" or the "Company") (OTCQB: ACRT)
is pleased to announce the following update on the Company's
business and information objectives going forward.
Advanced Credit Technologies, Inc. is pleased to announce the
confirmation of a strategic alliance with ZOOMPASS, Inc. and its
CyberloQ FRAUD prevention technology (OTCQB: ACRT). Cyberloq
provides one of the most integrated fraud mitigation systems
available to the prepaid and credit card sector. With a multi-layer
authentication approach to security, Cyberloq is able to eliminate
most fraud through a unique check-in process utilizing three levels
of authentication. The combination of a card spending algorithm,
geo-fencing and smartphone authentication on a per transaction
basis, allows Cyberloq customers to virtually eliminate card fraud.
Most FRAUD occurs in a CNP (Card Not Present) environment. By
using CyberloQ, in order to process a transaction, cyber criminals
are forced to collect not only members' card information, but also
their smartphone (which contains a unique identifying number) and
the PIN number associated with that smartphone. This renders
card fraud virtually impossible.
Zoompass (OTCQB: ZPAS) will be one of the first prepaid
card companies to install this next generation fraud mitigation on
their platform and to further secure transactions and provide
business customers the confidence they need to implement card
programs within their ecosystems.
Steve Roberts, President of Zoompass, stated, "Fraud protection
is not only expensive and a major inconvenience to consumers, but
also extremely costly to both program managers and banks. This
alliance with Cyberloq should be beneficial on many different
levels throughout the company."
Chris Jackson of Advanced Credit Technologies, Inc. echoed that
sentiment, "We have spent years perfecting our system and are
pleased that Zoompass will implement this in the prepaid card
space. We envision that this type of system will become a standard
in the industry and cut down on fraud considerably.
Safe Harbor:
From time to time, the Company may issue news releases that contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, and is subject to the safe harbor created by
those sections. This material may contain statements about expected
future events and/or financial results that are forward-looking in
nature and subject to risks and uncertainties. For those
statements, the Company claims the protection of the safe harbor
for forward-looking statement provisions contained in the Private
Securities Litigation Reform Act of 1995 and any amendments
thereto. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, goals, assumptions, or future events or performance are
not statements of historical fact and may be "forward-looking
statements." "Forward-looking statements" are based upon
expectations, estimates and projections at the time the statements
are made that involve a number of risks and uncertainties that
could cause actual results or events to differ materially from
those anticipated.
The Company discourages any and all promotional activity by
non-Company actors, and encourages investors and potential
investors to review the Company's public filings, its website and
its press releases, and to discuss these matters with their
personal legal and financial advisors. Non-Company
newsletters/recommendations, websites or general stock
symbols/classifications or other identifiers regarding our
securities, whether positive or negative, should not be relied on
because these items are simply opinions/policies of a third party.
These third parties are, in many instances, paid by the publisher
or other third parties and the Company believes that they profit
from the publication of this literature and the results on the
market. These materials should not be a substitute for
investors' research and/or independent decision-making.