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Article: VerifySmart Signs MOU with One of Southeast Asia's Most Influential Business Leaders; JV to Introduce Patent Pending Zero-Loss Credit/Debit Card Fraud Technology.
- Article from:
- China Weekly News
- Article date:
- November 17, 2009
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VerifySmart™ Inc. (VSMR: OTCBB): ("VerifySmart" or the "Company"), a global leader in secure and fraud free credit/debit card payment processing and transfer services, has signed a Memorandum of Understanding (the "MOU") with Mr. Theodore 'Teddy' Permadi Rachmat of Indonesia. The MOU outlines the terms of an Agreement ("the Agreement") between Mr. Rachmat and VerifySmart to form a Joint Venture Company (the "JV Company") to introduce the Company's proprietary suite of fraud prevention and detection technologies to financial institutions, businesses, and economic development groups in Southeast Asia, with first right of refusal for Asia and the Middle East.
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