mobiclear Announces Tests Launched for Its PIV System to Decrease Credit Card Fraud Worldwide
December 15 2008 - 5:00AM
PR Newswire (US)
- 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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