...eliminate up to 99% of current Credit Card fraud and Identity Theft situations.
Los Angeles, CA (PRWEB) May 23, 2011
Tycoon Unlimited today announced the development of a mobile application solution called NO MORE CARDS, providing a truly secure mobile credit card payment platform. Using the system, consumers use their smartphone to pay for goods or services instead of their physical credit and debit cards. Working for both in-person and online purchases, NO MORE CARDS offers an easy to use, and full-featured environment to complete transactions while protecting consumers' financial information from fraud and identity theft.
Arthur Torossian, CEO of Tycoon Unlimited, explains how they approached the issue. “Today, people are worried about Identity Theft and Credit Card fraud. They do everything they can to protect their personal information, but they freely hand over repeatedly the most damaging piece of personal information they possibly could to anyone that asks, … their credit cards, debit cards, and accounts. NO MORE CARDS keeps that information private. All of the consumer's information is maintained securely in our system with only the final authorization given to the retailer. At no time is any of the consumer's actual information given to the retailer. Doing this, in the way we do, can eliminate up to 99% of current Credit Card fraud and Identity Theft situations.”
NO MORE CARDS is capable of being used with any credit, debit, store, or gift card and also allows for the immediate transfer of funds worldwide from one NO MORE CARDS user to another. Additionally, the system works with existing hardware, eliminating the need for consumers or retailers to upgrade their smartphones or equipment to be able to use the platform. Once registered and processed on the company website, consumers and retailers alike are able to immediately begin enjoying the platform's benefits. NO MORE CARDS is designed to work in conjunction with consumer and commercial banks to offer their clients the best, most reliable, and most secure environment possible for consumers and retailers and is aimed for a Q3 2011 initial launch.
About Tycoon Unlimited
Tycoon Unlimited, Inc. was founded in 2003 to provide production and development solutions to the fashion industry. With a management team possessing over 30 years combined experience in the retail, financing, and wholesale marketplaces, Tycoon Unlimited was rapidly recognized as an innovative problem solver who companies could depend on to support their needs. As Tycoon Unlimited grew, they began to extend their services to a range of other industries and outlets from medical technology to food production. In 2007, they began the initial development of the OWWTS Project, aimed at revolutionizing the way B2B marketing and sales are conducted. In 2010, development began on NO MORE CARDS, an application based mobile payment system for smartphones that eliminates the key scenarios for credit card fraud and identity theft.
For more information about Tycoon Unlimited please visit http://tycoonunlimited.com/