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Technology Stocks : MBIR MobiClear Personal Identification Verification solution
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From: Tadsamillionaire9/10/2007 1:09:02 PM
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MBIR: Announces Five Year Collaboration with Transpacific

Ridgeland, MS, SEP 10, 2007 (EventX/Knobias.com via COMTEX) -- By Jay Everitt,

MobiClear, Inc. (MBIR) has announced a five-year collaboration with Transpacific Broadband Group (Philippine Bourse: TBGI), a Philippine-based telecommunications company, and Bastion Payment Systems, a Philippine-based third party processor and fraud management service and software company.

Under the agreement, which becomes effective immediately, the parties have established a strategic business cooperation for the promotion and sales of MobiClear's electronic Personal Identification Verification (PIV) solution in connection with credit and debit card transactions. The products and services will be offered throughout Asia and will be made possible using MobiClear's multi-gateway solutions in all forms of electronic business environments. These include Internet shopping, business-to-business procurement transactions and in-store retail shopping. Local infrastructure and data networks shall be provided by TBGI. Additionally, TBGI shall host all virtual private networks (VPN) and other value-added services thereby providing e-banking and mobile phone network communications between MobiClear and its clients. Bastion shall supply proprietary payment solutions, systems and software, as well as its carrier-neutral Internet data center.
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