Venice, FL, Jan. 08, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Advanced Credit Technologies, Inc. ("CyberloQ" or the "Company") (OTC: ACRT) is pleased to announce the following update on the Company's business and information objectives going forward.
Advanced Credit Technologies Inc. is pleased to announce it has fully integrated its CyberloQ technology into QRails Global cutting-edge payment processing platform(s) to enable innovative new user experiences. The multi-factor authentication of CyberloQ uses multiple scenarios to protect cardholder accounts. Our protected cards are always in the “OFF” position by default, so getting cardholder information in any fashion renders the card “useless” to the Fraudsters. CyberloQ uses SIC codes for companies or parents wishing to prevent access to certain “purchases or services”. Leveraging Google’s geolocation service, CyberloQ creates a virtual boundary – otherwise known as a Geofence – around each user and their confidential information. Designated perimeters can be a city, a building, or even more specific parameters for a business client.
“We recognize that our Global clients need to differentiate their programs with powerful functionality that is both seamless and secure, which is why integrating CyberloQ’s industry-leading multi-factor technology into our highly configurable platform is such a game-changer,” says Naseer Nasim, QRails’ CEO. “We have found a partner that maximizes both the possibilities this technology enables, as well as a smooth, secure and flexible user experience.”
The goal of both Companies is to prevent FRAUD before it happens, thus providing the card network and the cardholder with the best possible user experience. “By leveraging the cutting edge technology QRails offers, and complementing it with CyberloQ, we believe this can be a positive force in disrupting FRAUD for all of our clients,” stated Chris Jackson, President of Advanced Credit Technologies, Inc. Partnering with QRails gives both Companies the capability to separate ourselves from the existing network competitors.
Whether it is bank cards, websites or databases, the CyberloQ software can be installed on the client’s servers or CyberloQ can handle the authentications on its own servers. Our apps run autonomously and our API’s can be integrated into the card issuer’s exiting app system. We offer complete customization to suit any client requirements.
From time to time, the Company may issue news releases that contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, the Company claims the protection of the safe harbor for forward-looking statement provisions contained in the Private Securities Litigation Reform Act of 1995 and any amendments thereto. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact and may be "forward-looking statements." "Forward-looking statements" are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those anticipated.
The Company discourages any and all promotional activity by non-Company actors, and encourages investors and potential investors to review the Company's public filings, its website and its press releases, and to discuss these matters with their personal legal and financial advisors. Non-Company newsletters/recommendations, websites or general stock symbols/classifications or other identifiers regarding our securities, whether positive or negative, should not be relied on because these items are simply opinions/policies of a third party. These third parties are, in many instances, paid by the publisher or other third parties and the Company believes that they profit from the publication of this literature and the results on the market. These materials should not be a substitute for investors' research and/or independent decision-making.
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