cMoney and SVX Global Agree to Strategic Partnership
September 22 2011 - 6:32PM
Marketwired
cMoney, Inc. (PINKSHEETS: CMEY) is a
Houston-based company that is at the forefront of global mobile
phone-based payments and money transfers, including the use of the
POS and ATM payment systems. The cMoney solution utilizes secure
patent pending technology for mobile phone users, retailers, and
financial institutions, and continues to innovate and strengthen
the cMoney brand globally.
cMoney and SVX Global announce the formation of a Strategic
Partnership Agreement, which will provide additional and more
comprehensive capabilities to each other's customers globally.
cMoney will provide a monetizing solution for SVX Global and in
return, SVX Global will provide cMoney with interfaces to offer SVX
Global customers centric permission based data sharing as well as a
collaborative platform to cMoney customers. The partnership will
simplify the process of sharing trusted information for both
companies between their customers, whether individuals or small
businesses, and their network of trusted service providers. This
combined offering will be far more comprehensive than similar
'Vault' based offerings currently on the market.
Paul Matthews, cMoney CEO, states, "I am looking forward to
being able to offer and simplify our customers' interactions with
their different and diverse suppliers. The use of their cell
phones, with cMoney's flexible solution, will be further enhanced
by integrating SVX Global's superior platform."
Trevor Sinclair, Managing Director of SVX Global, explains, "The
Secure Value Exchange/SVX application has developed a proprietary
business model with patents granted in the UK, Australia, NZ, and
pending in the US and Canada."
SVX is an enterprise Web 3.0 Suite of Customer Centric
application that currently provides its customers and small
businesses with a secure portal that has a single login. Customers
have the ability to manage all of their financial transactions
using one simplified solution. The SVX application provides its
customers with the ability to build and automate their financial
profile and securely share designated data and documents
(incorporating European Privacy Protocols). SVX examines its
customers' data to provide conclusions based on desired outcomes
and financial optimization.
Mr. Sinclair added, "We view SVX, now with cMoney, as comparable
to a 'Secure Financial Facebook'; the creation of a killer
application which is IP protected. We have seen cMoney as a
potential Strategic Partner in commercialization for some
time."
About SVX Global
SVX Global is an Australian technology company that licenses
products and services based upon its proprietary Secure Value
Exchange (SVX) platform. The SVX platform supports configurable,
permission based information sharing and collaboration, simplifying
the process of sharing information and trusted data between our
direct customers, which include small businesses, and their network
of trusted service providers.
SVX is a secure, customer centric and permission based value
exchange that has the potential to transform service provisions in
the financial services, health care, and government services
sectors.
SVX Global licenses products, services, and mobile applications
based on the SVX Platform to banks, 401k funds, wealth management
services and Small Medium Enterprise accounting intermediaries.
This will assist our partners by improving their customers' needs
and product usability. It will also reduce costs to serve while
driving new revenue opportunities.
For more information, visit www.svxglobal.com or contact Trevor
Sinclair: tsinclair@svxglobal.com
About cMoney, Inc.
cMoney, Inc., a Houston-based technology company that provides
innovative secure mobile payment solutions for mobile phone users,
retailers and financial institutions, has developed an innovative
way to send money and pay for goods and services using a mobile
phone and the text messaging system protected by patents. Scheduled
to debut in 2012, the pioneering technology will create a "virtual
wallet" that will eliminate exposure to identity and credit card
theft for users. It can be used anywhere that cash, checks, ATMs or
credit cards are accepted. For more information, visit
www.cmoney.com or contact contactus@cmoney.com
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements". Forward-looking statements provide
current expectations of future events based on certain assumptions
and include any statement that does not directly relate to any
historical or current fact. Actual results may differ materially
from those indicated by such forward-looking statements as a result
of various important factors, including: risks related to the
integration of acquisitions and the ability to market successfully
acquired technologies and products; the ability of cMoney, Inc.
("the Company") to effectively compete; the timing and
effectiveness of the planned launch of the new cMoney solution; the
inability to adequately protect Company intellectual property and
the potential for infringement or breach of license claims of or
relating to third party intellectual property; risks related to
data and information security vulnerabilities; ineffective
management of, and control over, the Company's growth and
international operations; adverse results in litigation; and
changes in and a dependence on key personnel. The forward-looking
statements included in this press release represent the Company's
views as of the date of this press release and these views could
change. However, while the Company may elect to update these
forward-looking statements at some point in the future, the Company
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date subsequent to the
date of the press release.
Contact: cMoney, Inc. Paul Matthews CEO 713-589-5393 ext.
105 contactus@cmoney.com
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