With the mobile ecommerce
market on track to reach $50 billion this quarter, Mobile Lads Corp. is focused
on revolutionizing the way buyers, sellers and credit card processors interact
with your smartphone or tablet.
The leading cause for
concern among online shoppers continues to be security. In 2009 alone, credit
fraud in North America resulted in nearly $8.4 billion in losses. This high
degree of risk has led to higher interchange fees on transactions for which the
credit card is not present – in other words, the type of transactions
authorized by consumers who shop online. Fraud resulting from ecommerce affects
everyone from credit card companies to merchants and consumers. Higher costs,
wasted time and weakened consumer confidence are among the many negative
byproducts of unsecure online purchases.
In order to better address
these security issues, Mobile Lads offers xmVerify. A patented system, xmVerify
takes advantage of the proliferation of smartphones to offer real-time 2-way
mobile authentication on card-not-present transactions, such as those made on
websites or mobile apps.¬ Customers using the company’s proprietary technology
are given the choice to approve or reject qualifying transactions on their
accounts with their smartphones. In this way, Mobile Lads significantly reduces
the risk of unauthorized purchases and invalidates the majority of online
phishing schemes and card theft methods.
“The technology and
intellectual property assets solidify our position as a leading provider of
wireless transaction software solutions, while also accelerating our business
plan to enable innovative, wide-area communication solutions on a global
scale,” stated Michael Paul, President of Mobile Lads.
As the mobile payments
market continues to ramp up following the successful release of Apple Pay and
its various competitors, the demand for improved security measures will
continue to grow. Through its Xtreme Mobility division, which includes
xmVerify, as well as xmBilling and xmOne, the company appears to be primed to
ride the wave and capitalize on the evolving security needs of one of the
world’s fastest growing global sectors.
Get more info on Mobile
Lads by visiting www.mobilelads.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment