MobiClear (OTCBB: MBIR - Deutsche Borse: B3CA) and Bastion Payment Systems Corporation have entered into a partnership agreement to market and launch MobiClear's exciting line of security products in the Philippines and Asia, paying particular attention to the e-commerce sector.
Bastion and MobiClear have begun introducing the solutions to many of the market-leading financial institutions in the Philippines and other Asian countries. The banks have expressed great interest in the product's ease of implementation, cost effectiveness, and ability to be brought to market in a timely fashion.
MobiClear and Bastion Payment Systems both agree this partnership is a great step toward increasing the confidence of Asia-based clients engaging in online e-commerce transactions.
Commenting on the alliance, Bastion Payment Systems CEO Wilfred Tan said, "We are happy to be working with MobiClear in launching an innovative, unique and secure identification system for online banking and e-commerce transactions. The market is poised for the additional powerful transaction security measure that MobiClear has developed. Further, we feel MobiClear's product offering will nicely complement Bastion's existing and future fraud management products and initiatives."
Anders Ericsson, CEO of MobiClear, noted, "It is such a great opportunity to be working with an established and highly reputable company like Bastion. We believe their network of banking relationships in the Philippines and Asia, as well as a successful portfolio of payment systems projects, provides MobiClear with an ideal platform for launching our products in that region."