MobiClear, Inc. Signs Agreement with TravelCard Sweden AB
Tuesday November 13, 9:43 am ET
Alliance Extends MobiClear's Client Portfolio Beyond Traditional Banking Cards
DOVE CANYON, Calif.--(BUSINESS WIRE)--MobiClear, Inc. (OTCBB: MBIR - Deutsche Borse: B3CA, mobiclear.com) has signed an agreement with TravelCard Sweden AB for use of MobiClear Card Security and MobiClear On/Off Card Security. A venerable European card issuer specializing in the travel industry, Travel Card Sweden AB is an innovative, forward-thinking company and makes an ideal partner for MobiClear.
With MobiClear security solutions, TravelCard further enhances their Visa card offering. This is an important step in TravelCard’s new strategic agenda, adding value services such as security, functionality, and co-branding with new partners.
“Although there are new security solutions to help prevent fraud within the card industry, many of them are years away from being fully rolled out,” says Bo Gustafson, CEO of TravelCard Sweden AB. “With MobiClear solutions we can immediately provide additional security for our customers. They will feel much more secure using their card knowing they are in charge of their card functionality. From our point of view as card issuer we believe this will increase sales when customers make purchases on the Internet or travel abroad. We look forward to working and growing with MobiClear and their products.”
MobiClear On/Off Card Security is a tool that allows customers to “switch off” credit and/or debit cards when not in use. This way the customer is guaranteed piece of mind when card is “off.”
Anders Ericsson, CEO of MobiClear, Inc. concurs: “We are excited to enter into a partnership with Travel Card. MobiClear’s strong product portfolio combined with the proven customer solutions for which TravelCard Sweden AB are known create an ideal partnership for both organizations. Travel Card’s innovative business concept together with MobiClear’s cutting edge technology will provide cardholders state of the art products that will meet today and tomorrow’s customers wishes and demands.”
MobiClear Card Security provides an additional layer of security for card transactions with personalized four-digit PIN codes entered via mobile phone before any transaction is completed. With the feature limit control, customers request that MobiClear only call and confirm their identity if they are making purchases that exceed a specified amount, enabling the cardholder to remain fully in charge.
About TravelCard Sweden AB (Inc)
TravelCard was established in 1984 and was then Sweden’s first travel card. TravelCard is not only a traditional credit card, but also has a flexible IT platform system with among other things an individualized profiled credit-member card, charged with saving interests and benefits. TravelCard is a sales-oriented organization with a primary focus on meeting customer demands. TravelCard is controlled by R.T.G Travel Invest AB (www.cardtravelgroup.se). |
