SeerGate's Secured Lock System allows financial institutions to create direct payment and invoicing connectivity among individuals and businesses performing electronic transactions. Secured Lock is a single deployment platform providing financial institutions with a common user experience to offer complete payment and invoicing connectivity for social network communities, e-marketplaces, small businesses payments collection and direct billing functionality. Further, Secured Lock facilitates financial transactions in real-time without any sensitive personal and financial information being exposed, exchanged or transmitted over the Internet. This capability is supported by a fully-integrated program of tracking, monitoring and rules-based transaction with a full invoice management system.

IBT will deploy Secured Lock to include in its portfolio of outsourced services it provides to over 200 financial institutions across the United States and Canada.

"SeerGate creates a win-win situation for both financial institutions and their customers," said Mike Golebiowski, President of IBT. "SeerGate will enable our financial institutions to expand and re-leverage their brands and customer relationships directly into the e-payment space, while recapturing revenue streams and customer loyalty lost to alternative payment methods. At the same time, individuals and small businesses completing payment transactions through financial institutions using Secured Lock will benefit from a simple, safe and streamlined process that bypasses the current complexity and risk of existing payment systems."

"We are proud to partner with Integrated Bank Technologies for the deployment of our Secured Lock System," said Eldad Aharoni, co-founder and CEO of SeerGate. "The solid track record and regard of IBT across the financial institution core processing industry positions them uniquely to benefit from the value of our interbank payment and invoicing solution."