mobiclear to Provide Security Protection to Organization of Philippine Banks
September 29 2008 - 4:00AM
PR Newswire (US)
MANILA, Philippines and LAGUNA HILLS, Calif., Sept. 29
/PRNewswire-FirstCall/ -- mobiclear, Inc. (OTC Bulletin Board:
MOBI; Frankfurt: B3CA), (http://www.mobiclear.com/), owner of the
unique, patent-pending Personal Identification Verification
solutions system to help eliminate credit and debit card fraud,
said today that mobiclear will provide security log-in protection
for the Credit Card Association of the Philippines (CCAP).
mobiclear's product will protect a credit card "negative" list
developed by CCAP for use by its members. The mobiclear log-in
security will ensure that only authorized users will be able to
access this data base. The list will be hosted by Bastion Payment
Systems (http://www.bastionpaymentsystems.com/) . Millions of
Filipinos use credit cards, charging billions of dollars in
purchases annually, according to the CCAP. Its Executive Director,
Elizabeth Legarda, said CCAP earlier this year appealed to the
government to develop safeguards against credit card fraud, which
is a growing problem. "The 'negative' list we developed will help
guarantee that fraudsters cannot abuse the system, to the detriment
of both businesses and consumers," Legarda said. "The use of
mobiclear's proprietary protection product will ensure that this
important list doesn't get into the wrong hands." "We are delighted
to assist the CCAP in its important mission," said Stephen P.
Cutler, mobiclear CEO. "CCAP is an organization of member banks
which provide significant consumer protection services to the
Filipino people and work to improve the economy. We are happy to
play a role in these efforts." 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. Note: Certain
statements in this news release may contain "forward-looking"
information within the meaning of rule 175 under the Securities Act
of 1933 and Rule 3b-6 under the Securities Act of 1934 and are
subject to the safe harbor created by those rules. We use words
such as "anticipate," "believe," "expect," "future," "intend,"
"plan," and similar expressions to identify forward-looking
statements. These statements including those related to being in a
large and growing market, exhibiting rapid growth characteristics,
and having a growth strategy, are forward looking statements. These
forward looking statements are only predictions and are subject to
certain risks, uncertainties and assumptions. Some of the risks,
uncertainties and assumptions that could cause actual results to
differ materially from estimates or assumptions in this press
release include the risk that we will not be able to grow our
revenues and market share, the risk that our prices do not remain
competitive and the risk that we will not achieve profitability.
Additional risks are identified and described in the Company's
public filings with the Securities and Exchange Commission,
including our most recent Report on Form 10-KSB, and Reports on
Form 10-Q and Form 8-K. 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's past performance is not necessarily
indicative of its future performance. 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:
Paul Knopick of E & E Communications, +1-949-707-5365, , or ,
for mobiclear, Inc. Web site: http://www.mobiclear.com/
http://www.bastionpaymentsystems.com/
Copyright