MobiClear, Inc. (OTCBB: MBIR - Deutsche Börse: B3CA) has announced the application of their proprietary personal identification verification (PIV) technology to their Mobile Account solution as well as their 3G Video Bank solution. MobiClear's Mobile Account enables users of 3G wireless technology to easily perform banking and personal finance transactions such as money transfers, deposits and withdraws directly through their mobile phones in an absolute secure environment, essentially eliminating the current fraud risk that has been so prevalent with current applications.
MobiClear's proprietary technology Mobile Account works as follows:
1. The user accesses Mobile Account by placing a call from a 3G
mobile phone.
2. MobiClear secures that the call is placed from the mobile
phone number that is registered for the particular user.
3. The user confirms his identity with his MobiClear PIN code.
4. The user enters Mobile Account5. The user selects option to either transfer money to another
mobile account user or to withdraw or deposit funds to their
banking institution.
6. The user receives information as an interactive video
presented by a host, accompanied by voice messages as well as
short written information.Anders Ericsson, Chief Executive Officer of MobiClear, Inc. stated, "With the alarming rate of online fraud and Internet-based identity theft, the application of our technology to the mobile banking and payment services industry is the perfect solution to this global problem. We have designed this user-friendly interface to create the optimal amount of security for any transaction using the mobile phone."
Additional information on the company can be located on MobiClear's web site at www.mobiclear.com.
About MobiClear, Inc.
MobiClear, Ltd. specializes in electronic Personal Identification Verification (PIV) solutions in connection with credit/debit card transactions. MobiClear's multi-gateway solution (U.S. patent pending) offers proactive security in all forms of electronic business environments including Internet shopping, business-to-business procurement transactions and retail shopping with credit and debit cards. MobiClear estimates that credit and debit card fraud on the Internet and in brick and mortar stores is growing to $20 billion annually. MobiClear's answer to this problem is a secure and user-friendly identity solution that works across the globe. In addition, MobiClear's identification service ensures safe and secure trade over the Internet, which in turn, promotes both e-trade activity and invoice payments online.
FORWARD-LOOKING STATEMENTS: The forward-looking statements contained herein are subject to certain risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date hereof. The company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date thereof.
