Advanced Credit Technologies, Inc. Enters into an Agreement to Provide CyberloQ Authorization Services to XCELL Security and Finance S.A and Swiss Venture Trust S.A
April 03, 2017 at 12:37 pm EDT
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On March 30, 2017, Advanced Credit Technologies Inc. entered into an agreement to provide CyberloQ™ authorization services to XCELL Security House and Finance S. A and its subsidiary Swiss Venture Trust S. A (“SVT”). Pursuant to the Agreements, the company will use its CyberloQ™ technology to provide transaction authorization services for prepaid bank debit cards which have been issued to customers of XCELL and/or SVT. The company will also be implementing its CyberloQ™ technology to secure the websites of XCELL and SVT. The company and XCELL/SVT have agreed to split the costs associated with integrating the CyberloQ™ technology equally. In conjunction with their new relationship, both the company and XCELL/SVT intend to work together in the future on digital virtual currency security utilizing blockchain technology. The Parties are in the pre-development stage of utilizing ACRT’s CyberloQ™ technology as an integral component of XCELL/SVT’s future digital virtual currency transactional platform. The initial integration and setup process contemplated by the Agreements is estimated to be complete by the end of July 2017.
Cyberloq Technologies, Inc. is a development-stage technology company focused on fraud prevention and credit management. The Company offers a proprietary software platform branded as CyberloQ. CyberloQ is a Multi-Factor authentication (MFA) protocol technology that is offered to institutional clients in order to combat fraudulent transactions and unauthorized access to customer accounts and or any digital asset. Through the use of a customerâs smart-phone, CyberloQ uses a multi-factor authentication system to control access to a bank card, transaction type or amount, Website, database or digital service. In addition to CyberloQ, it offers a web-based proprietary software platform under the brand name TurnScor, which allows customers to monitor and manage their credit from the privacy of their own homes. The CyberloQ Vault is a cloud-based security protocol that allows clients the ability to send/receive secure data without having to use traditional e-mail which is prone to a breach.
Advanced Credit Technologies, Inc. Enters into an Agreement to Provide CyberloQ Authorization Services to XCELL Security and Finance S.A and Swiss Venture Trust S.A
CYBERLOQ TECHNOLOGIES, INC. 
