Florida-based
Mobile Lads develops and delivers secure wireless transaction software
solutions for the consumer finance and payment processing sectors. The company
seeks to enhance the security of mobile transactions by enabling seamless
access to time-sensitive information and data on multiple network standards.
With
the prevalence of digital transactions today, consumers are at heightened risk
for identity theft and other criminal activities stemming from private data
breaches. According to the Department of Justice, around 16.6 million people
dealt with at least one instance of identity theft in 2012, which resulted in
financial losses of around $24.7 billion. Approximately 7.7 million people
reported they had struggled with credit card fraud while approximately 7.5
million people said they had a bank account, such as a debit, checking, or
savings account, used for fraudulent purposes. There is clearly an explosive
need for effective fraud prevention technology here, and with the growing
numbers of transactions in the mobile space, the demand for technology
solutions that keep mobile transactions secure is also tremendous.
To
meet these growing security demands in mobile commerce, Mobile Lads draws upon
a suite of patented mobile authentication and processing solutions. Mobile
Lads’ flagship product, xmVerify is a real-time service that combats credit
card fraud and puts users in control of the authorization process as they make
purchases. In the midst of the purchase, xmVerify sends a secure notification of
the pending transaction and a transaction authorization request to a user’s
mobile phone. The user then reviews and verifies the authenticity of the
transaction and completes his or her purchase. The xmVerify technology is
engineered with the one of the highest cryptographic standards and is
compatible with almost all mobile platforms available.
Mobile
Lads’ second technology offering, xmBilling allows users to securely and
conveniently authorize automatic billing transactions, thereby addressing the
challenges of volume-based and automated billing. The xmBilling system delivers
to a user’s mobile phone a text message with a URL leading to an online e-bill.
At this secure online location, the user can then review the details of the
bill and authorize the payment through his or her credit card with use of his
or her Personal Identification Number. With its complete, secure process for
billing transaction authorization, xmBilling offers users an end-to-end
solution for keeping payments on time.
Mobile
Lads’ third technology solution, xmOne is a patented platform that provides a
variety of highly-secure mobile phone services, including:
• Secure mobile top-up to a prepaid
account
• Transaction authorization/processing
• Check balance
• Account notification
• Emergency alerts
The
xmOne system is a standalone hosted at a secure Canadian hosting facility and
engineered for modular needs; each of the services is offered as a module and
is installed when requested, which enables future upgrades. This system is especially
well-suited for students, colleges, and universities. Students become able to
perform transactions such as deposits or balance checks on their mobile phones,
and the mobile platform can be interfaced with the education institution’s
existing campus card account system. All transactions and information, whether
they are in the context of an educational institutional setting or beyond, are
strongly protected by top-tier secure encryption technology.
With
these powerful technology offerings at hand and its efforts to expand its
portfolio of patented mobile transaction security solutions, Mobile Lads seeks
to become a leading provider of transaction security products and services for
the mobile space.
For
more information, visit: www.mobilelads.com
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