Mobiclear (OTC Bulletin Board: MOBI; Frankfurt: B3CA), owner of the unique, patent-pending, Personal Identification Verification On-Time (Pivot) solutions system to significantly decrease worldwide credit and debit card fraud, and other state-of-the-art computer security products, said today that it has entered into an agreement with Nucsoft Ltd, a global IT company headquartered in India, to commence testing of mobiclear's Pivot security solutions for the delivery to Nucsoft's clients in India.
Once testing is completed, NUCSOFT will provide mobiclear's PIVOT security system to clients to ensure that its customers' card transactions are secure. There is also agreement that mobiclear will continue to develop and expand other ways of ensuring that the electronic commerce products of NUCSOFT Ltd's clients are free from fraud or abuse.
NUCSOFT is an IT consulting and software developer for the world's leading banking and financial services companies, leveraging a streamlined on-site and offshore development model, since its incorporation in 1994. It cost-effectively assists clients with world-class solutions. NUCSOFT is noted for giving the right mix of functional expertise coupled with software development and project management experience to create lasting value for the customer. It focuses exclusively on maximizing client returns from on-site consulting and off-shore facilities.
"We look forward to providing protection for the customers of NUCSOFT Ltd with our leading edge PIVOT security," said Stephen P. Cutler, mobiclear CEO. "Our PIVOT system requires an immediate cellphone/telephone PIN confirmation via an encrypted voice net by the card holder for a credit card or debit card transaction to be approved."
"NUCSOFT, on the cutting edge of IT, looks for assistance from companies that are also in the forefront of their industry sectors. We have enormous confidence that mobiclear is a leader internationally in protecting against computer, debit and credit card fraud and we look forward to its assistance for our customers," said Arun Shekhar Aran, Founder and CEO.