HERTZLIYA, Israel, January 8, 2018 /PRNewswire/ --
SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-government, public safety, healthcare, and finance sectors, is in the process of developing various cryptocurrency capabilities for its SuperPay secure mobile money suite. Upon completion, SuperPay users will be able to purchase and sell Bitcoin, Ethereum and other cryptocurrencies.
SuperCom's secure mobile money and mobile payments solution, SuperPay, subject to local regulation, allows users to load funds into their SuperWallet mobile application through a credit card and bank account or by providing cash at any supporting top-up location or agent. SuperPay's Bitcoin and cryptocurrency capabilities in development will allow users also without a bank account or credit card to load and receive funds and then use those funds to purchase Bitcoin, Ethereum and other cryptocurrencies. They will also be able to sell their cryptocurrency through the suite.
It is estimated that roughly two billion people around the world are unbanked, however more than one billion of them have access to a mobile phone.
"As part of our ongoing mission to serve governments and residents in developing countries, we have developed extensive cryptography and security capabilities inherent in our array of product offerings including mobile money and mobile payment," said CEO and President of SuperCom, Arie Trabelsi. "And with the rising demand for access to various cryptocurrencies all over the world, we believe that SuperPay's technology suite is uniquely positioned to capitalize on this opportunity, ultimately providing increased value to our customers. When completed, our solution will allow SuperPay users to both purchase and sell bitcoins as well as other cryptocurrencies, all without the need for a bank account."
Subject to applicable local regulations, SuperPay is designed to be a secure mobile money and mobile payment suite that brings a new level of secured cross-network mobile payment transaction capabilities. Designed specifically as a flexible end-to-end mobile payments solution, the SuperPay suite aims to solve major money transfer and payments problems, and takes into consideration also the unbanked population. SuperPay can be used for depositing, withdrawing and transferring funds as well as for paying for goods and bills on any mobile phone. In addition to supporting multiple payment methods such as mobile-money, credit and debit cards as well as bank accounts, SuperPay monetary transactions can be processed over a highly-secured closed/open-loop protective layer employing an array of technologies - such as biometric authentication, interactive voice response (IVR), and near-field communication (NFC) - without additional hardware needed. The SuperPay Suite includes:
- SuperWallet - an app providing secured financial services on any mobile device customized per organizations or across countries
- SuperPOS - for secured and audio authenticated Point of Sales payments
- SafeMoney - aims to safeguard against device and network-based threats
Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one Identification, tracking and monitoring field-proven IoT hybrid suite, cyber security products, secured payments platform, and secured connectivity products for various industries including healthcare, homecare, community public safety, law enforcement, Safe and Smart City, Smart Campus, and Secured Financial services.
For more information, visit http://www.supercom.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. These statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements arising from the annual audit by management and the Company's independent auditors. The Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.
SuperCom Corporate Contact:
Ordan Trabelsi, President Americas