MobiClear, Inc. has signed a three-year
licensing agreement with Lakonian Bank, Ltd. and Cooperative Bank of
Lakonia and Peloponnisos for the use of their proprietary platform
products of Personal Identification Verification solutions.
MobiClear’s extensive product portfolio will provide an added security
measure for banking customers through the use of their mobile phones.
Lakonian Bank, Ltd. and Cooperative Bank of Lakonia and Peloponnisos
have selected MobiClear Card Security, Internet Banking Security, On/Off
Card Security, and 3G Video Banking as solutions for their consumers.
The three year agreement forecasts at least $1,200,000 in revenues for
MobiClear, Inc.
“This agreement marks a great step for the MobiClear community, with the
evolution of our Card Security and On/Off Security products, as well as
the first use of MobiClear’s 3G Video Banking and MobiClear Internet
Banking Security to propel our product into the Greek market,” said
Anders Ericsson, CEO of Mobiclear. “We are thrilled to ensure added
protection for Internet users, as well as in-person and online
purchases. This agreement facilitates a great partnership in Greece, and
starts our initial movement to spread throughout Europe. We look forward
to our evolvement as a company and our future growth together.”
Dimosthenis Limperopoulous, CEO and President of Lakonian Trust Ltd.
stated, “I am confident our partnership agreement with MobiClear will
create a safer and more effective service for our customer base. We have
carefully chosen the most ideal and necessary MobiClear products that
fit our client needs, further our business model, and extend market
potential. It is with great pleasure that we have initiated this
relationship, and look forward to our partnership together.”
About Lakonian Trust Ltd., and Cooperative Bank of Lakonia & Peloponnisos
Lakonian Trust Ltd and Cooperative Bank of Lakonia & Peloponnisos
provide credit and economic facilitations to improve social and cultural
growth through fourteen Credit Institution Cooperatives and sixteen
Coopeartive Banks. Both the banks and institutions are structured to
facilitate convenient and rapid action, further developmental
engagement, and benefit the overall customer needs.
Credit Institutions act to protect and facilitate the manufacturing,
trading, shipping, and tourism practices of all its members. Cooperative
Banks handle the affairs of the state, and support the enterprising and
business plan formulation for any business-enterprise, through the
creation of interest-bearing loans, management and administration of
investment initiatives.
Currently, the activities of Lakonian Trust Ltd and Cooperative Bank of
Lakonia & Peloponnisos are limited to Greece, though their growth in
capital gives them allowance to expand activities abroad, as a
fully-fledged Cooperative Bank.
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.
