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Unique technology
Credit and debit card fraud is increasing at an alarming rate. It’s
already estimated at a dizzying USD 20 billion annually. To combat
this, MobiClear’s patent-pending technology is like nothing else on the
market. By adding an extra PIV (Personal Identification Verification) check
to the mobile phone network, we were able to create a system that’s
both cost-efficient and works in all situations: in stores,
restaurants, online or anywhere else credit cards are used, money is
transferred or added log-in security is needed. It can be used as a
standalone solution, or as a "virtual perimeter" around your existing
security setup. MobiClear offers a range of solutions based on our PIV technology,
all of which are designed to eliminate fraud during electronic
transactions - on a global level.
Uniquely user-friendly
Our technology is also linked to a device that your customers
already feel comfortable with: their mobile phones. So there’s no
learning curve and no fear of new technology. This means your customers
will use it - and it also means that they are personally and actively
involved in approving their own transactions, for even better security.
Here’s how it works:
-Â Â Â Your customers provide you with their mobile phone number and choose a 4-digit pin code.
-Â Â Â Then each time they make an electronic transaction, whether they are using their credit card in a restaurant, logging into a corporate network or banking online, MobiClear calls them automatically and prompts them for the pin code.
-Â Â Â As soon as they key in the pin code, the transaction goes through.
-Â Â Â If they choose not to key it in, the transaction is stopped.
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