In a $30 Trillion dollar global payments market, our patent-pending network process is designed to enable retail consumers to make secure real-time payment and settlement of point of sale ("POS")-based purchases of products and services via Internet enabled mobile devices. This is accomplished by empowering retail customers, merchants and commercial banks with trusted authentication of all parties to a mobile-to-POS transaction, without the use of credit/debit card interchange risks and costs.
CyberMoney® business strategy begins with an alliance between merchants and commercial banks, as well as global financial processors for ultimate authorization and settlement of transaction value exchange between bank accounts of customers and merchants. This will enable bank(s) to have complete authorization and control of a transaction, thereby minimizing the risk of fraud. No hard currency or stored-value card is required for a transaction that is a fraction of the cost incurred for traditional credit/debit card transactions.