Cyberloq Technologies Inc. Partners with Transact Payments Malta Ltd. to Prevent Online Payment Fraud
May 12, 2020 at 08:45 am EDT
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CyberloQ Technologies Inc. (‘CyberloQ’ or the ‘company’) announced a new collaboration with Transact Payments Malta Ltd. (‘TPML’), a division of Transact Payments Ltd. (‘TPL’). Long considered a leader in the payments industry, TPML has built its reputation as an expert source of international payment and card solutions and regulatory compliance. The integration of this expertise with CyberloQ’s customizable data security solutions will enable the prevention of online payment fraud within multiple card networks in Europe and beyond. CyberloQ is a proactive, multi-factor authentication application for smartphones, tablets and laptops. The collaboration with TPML integrates CyberloQ’s customizable approach to data security, including geofencing protection, to provide an additional layer of security to TPML partners.
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.