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TMCNet: SecureBuy Awards MIT Master License for Payment Fraud Prevention in Mexico

[March 19, 2013]

SecureBuy Awards MIT Master License for Payment Fraud Prevention in Mexico

RIDGELAND, Miss., March 19, 2013 /PRNewswire via COMTEX/ -- SecureBuy - A SignatureLink Company awards (MIT) Mercadotechia Ideasy y Techologia SA DE CV a master reseller license for the entire country of Mexico to resell SecureBuy's mobile and eCommerce automated fraud detection technology.
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"MIT owns a large market-share of the electronic payment processing transactions in Mexico and we are currently working closely with the Mexican Government on an electronic fraud prevention initiative to curb eCommerce / CNP fraud. The Mexican government is considering a mandate that would require electronic signatures and SecureBuy's extraordinary game-changing technology is the missing link to eliminate fraud and cybershoplifting in Mexico. We are proud to have been selected as the master reseller in our country and look forward to providing SecureBuy's best-in-class fraud prevention suite to our merchants, partners and providers," states Juan Viramontes CEO of MIT.

SecureBuy's mobile and eCommerce automated fraud detection technology eliminates the need for manual review of suspicious eCommerce transactions. SecureBuy offers the only integrated end to end product on the market that includes a hand written biometric signature pad and the only solution with true risk-based passive and active authentication that prevents 100% of eFraud and Cybershoplifting / friendly fraud. The combined technology creates the industry's first signed sales receipt and indisputable proof of purchase for eCommerce / CNP transactions'.

"Mexico has been part of our strategy for some time now. With our Mexican patent, we are excited to partner and share our technology with MIT and a country that actually wants to eliminate electronic payment fraud. Mexico has one of the highest CNP fraud rates in the world and we are excited to assist in stabilizing online commerce in Mexico," said Greg Wooten, CEO of SecureBuy.

About MIT - Mercadotechia Ideasy y Techologia SA DE CV (MIT) a Mexico company established in 2000 specializes in the development of technology and marketing tools for the acceptance of electronic payments. MIT reaches 100 million transactions processed, historical fact that confirms its leadership and commitment to its customers. Today MIT is a company positioned as the first to develop and operate solutions for Insurance, Airlines, cable TV, telephone and Hotel Sales in Mexico. MIT's main line of business is the MIT Electronic Payment Processing solution. Additional products and services include Merchant Services, Information Analysis, Fraud Prevention, clarification process, Prepaid Services and Retail Services. For more information visit: www.mitec.com.mx About SecureBuy - A SignatureLink CompanySecureBuy is a wholly own subsidiary of SignatureLink, Inc. Founded in 2002, SecureBuy is an established eCommerce cyber-security technology company, a payment fraud prevention pioneer and leader. With a unifying focus on reducing the risk of eCommerce for customers, merchants and processors, SecureBuy solutions extend from payment fraud prevention to identity authentication and globally hosted real-time eCommerce cyber-security solutions. For more information visit: www.signaturelink.com Contact: David FergusonSecureBuy - A SignatureLink Company800-511-2050Email This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE SecureBuy http://rt.prnewswire.com/rt.gif NewsItemId=PH79015&Transmission_Id=201303190800PR_NEWS_USPR_____PH79015&DateId=20130319

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