Lakonian Trust Ltd. and Cooperative Bank of Lakonia & Peloponnisos Signs Letter of Intent to Use MobiClear Technology
Wednesday December 5, 2:20 pm ET
MobiClear Solutions Allow Bank Customers to Utilize Mobile Phones For Added Security Protection
DOVE CANYON, Calif.--(BUSINESS WIRE)--MobiClear, Inc. (OTCBB: MBIR - Deutsche Borse: B3CA, mobiclear.com) has signed a letter of intent with Lakonian Trust Ltd and Cooperative Bank of Lakonia & Peloponnisos for use of its proprietary platform technology Personal Identification Verification solution.
MobiClear solution allows the bank’s customers to utilize the mobile phone as a means of authenticating credit card transactions and Internet banking login. The product Mobiclear 3G Video Banking additionally allows the bank’s customers to access their account through their mobile phones.
“It is our quest to provide our cardholders and Internet banking customers a better and more secure solution; MobiClear represents a clear and viable technology upon which our bank can rely,” said Dimosthenis Limperopoulos, CEO and President of Lakonian Trust Ltd. “The market can certainly look forward to newer and better products from Lakonian Trust Ltd. with this solution.”
Anders Ericsson, CEO of MobiClear, stated, “I am excited over the interest shown by Lakonian Trust Ltd. and Cooperative Bank of Lakonia & Peloponnisos, which brings recognition within the Greek banking industry for MobiClear. New players such as mobile operators, department stores, etc., will be recognized as payment service providers, and operate in direct competition with traditional financial/credit institutions. I am confident we are coming in at the right time to support these initiatives with the high security product portfolio of MobiClear.”
Lakonian Trust Ltd., Cooperative Bank of Lakonia & Peloponnisos, and MobiClear are now engaging in comprehensive talks to finalize the details of the terms of use for the MobiClear platform. When proven successful in the Greek implementation, long-term plans for the Mobiclear platform would potentially include a pan-European rollout for payment service providers.
About Lakonian Trust Ltd., and Cooperative Bank of Lakonia & Peloponnisos
Lakonian Trust Ltd and Cooperative Bank of Lakonia & Peloponnisos provide credit and economic facilitations to improve social and cultural growth through fourteen Credit Institution Cooperatives and sixteen Coopeartive Banks. Both the banks and institutions are structured to facilitate convenient and rapid action, further developmental engagement, and benefit the overall customer needs.
Credit Institutions act to protect and facilitate the manufacturing, trading, shipping, and tourism practices of all its members. Cooperative Banks handle the affairs of the state, and support the enterprising and business plan formulation for any business-enterprise, through the creation of interest-bearing loans, management and administration of investment initiatives.
Currently, the activities of Lakonian Trust Ltd and Cooperative Bank of Lakonia & Peloponnisos are limited to Greece, though their growth in capital gives them allowance to expand activities abroad, as a fully-fledged Cooperative Bank.
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