- Contracts Expected to Follow -
"mobiclear expects the tests to be completed soon, followed by signing contracts with the banks for our PIV services," said
"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;
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 investorrelations@mobiclear.com pknopick@eandecommunications.com
SOURCE mobiclear, Inc.