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.
About NUCSOFT Ltd: NUCSOFT Ltd (www.nucsoft.com) headquartered in Mumbai, India with offices in London, UK and New Jersey, USA, was formed by Arun Shekhar Aran and a team of entrepreneurs in 1994 with the goal of becoming a global IT company. NUCSOFT has developed a Centric Development Model which, backed by state-of-the-art infrastructure, and hardware and software resources, communication and data links, creates a "Virtual Software Center" for its clients, enabling them to stretch their IT budgets with assurance of excellent deliverables.
About mobiclear: mobiclear, Inc. (OTC BB: MOBI; Frankfurt: B3CA), (www.mobiclear.com), headquartered in Manila, Philippines, offers a range of solutions to credit card and debit card fraud based on its patent-pending Personal Identification Verification On-Time system. It also offers products to ensure against fraud in all electronic transactions, including telephone and Internet transactions.
This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements in this press release. Additional risks and uncertainties are identified and described in the Company's SEC reports. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and the Company specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.