Cyberloq Technologies, Inc. Announces Partnership with Ko-Kard in the Asian Peninsula
February 11, 2020 at 09:00 am EST
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CyberloQ Technologies, Inc. announced update on the Company's business and information objectives going forward. CyberloQ Technologies, Inc. and ko-kard have initiated an agreement to further both Companies’ initiatives in the Fin-Tech space in Asia and beyond. Consistently recognized throughout Asia, ko-kard is localized and headquartered in Hong Kong, with subsidiaries in Singapore, Philippines, United States, Latin America, and Europe. ko kard’s mission is to provide organizations with frictionless, transparent, cross-border prepaid solutions to distribute funds globally for contractors, suppliers, and resellers. This system strengthens financial inclusion for the un-carded, un-banked, and un-connected. By leveraging CyberloQ’s geo-fencing technology, ko-kard members can use their Card in the entire Global Network without having to worry about FRAUD or unauthorized charges. Whether it’s a designated perimeter over a city, building or even within a single room, if a user’s designated geofenced cyber perimeter is breached, the account is immediately disabled. To breach a CyberloQ geofence, hackers would need all the user’s PIN data, be in possession of the user’s personal mobile device, and be physically within the designated geofence. CyberloQ would automatically shut down all suspicious activity, especially when dealing with cross border payments.
Cyberloq Technologies, Inc. is a development-stage technology company that is focused on fraud prevention and credit management. The Company offers a software platform branded CyberloQ, which 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 customer's smartphone, 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, the Company offers a Web-based 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.