» Creditel and SafeNet Introduce Secure Swipe Technology For Wireless Credit Card Processing: Powerful Security Feature Protects Consumers and Merchants From Credit Card Skimming and Identity Theft History Of Identity Theft: And how to prevent becoming an identity theft victim

Powerful Security Feature Protects Consumers and Merchants From Credit Card Skimming and identity theft

Creditel began the nationwide rollout of Secure Swipe Technology in January of this year to mobile merchants nationwide including, transportation services, electricians, plumbers, landscapers and other merchants in the field.

Los Angeles - Creditel, the leader in safe and secure mobile transaction technology, has partnered with SafeNet, Inc. (NASDAQ: SFNT), a leading provider of private and public network security solutions, to introduce the new standard for security in wireless credit card processing.

Creditel, the leader in safe and secure mobile transaction technology, offers business of all sizes secure, affordable, fast and easy-to-use wireless transaction solutions and an interactive environment designed to immediately increase profitability and enhance productivity. For more information on Creditel products and services, please visit www.creditelcorp.com

“As a payments processor, it is our technical and social responsibility to create a secure safe and affordable product,” said Michael Cottrell VP Market Development at Creditel. “With SafeNet and our Secure Swipe Technology, consumers can quickly have their card swiped at their door, without having their credit card information and identity swiped.”

Creditel offers a secure end-to-end payment processing solution for use anywhere the network is available. The PowerSwipe point-of-sale (POS) device makes it fast, easy, and affordable for retailers, transportation companies and other mobile businesses including electricians, plumbers and delivery personnel to securely process credit cards directly from their Java technology-enabled Motorola i50sx, i55sr, i58sr, i85s and i88s mobile phones.

PowerSwipe’s sleek, rugged form-fit design easily connects to the Motorola mobile phone for unobstructed comfortable use. Weighing a mere 3.1 ounces its technological capacity is far greater than its tiny weight. Enclosed is a magnetic stripe reader, powerful encryption technology, infrared printing port, and pass-through connector for charging the handset battery in a simple integrated package.

“As the leader in Internet security and encryption technologies, securing the wireless arena is a natural extension of SafeNet’s capabilities,” said Chris Fedde Senior Vice President and General Manager Enterprise Security Division of SafeNet. “We are pleased to collaborate with Creditel to deliver this anti-skimming technology to mobile businesses nationwide.”

About Creditel

The PowerSwipe protects sensitive data using U.S. Government level FIPS 140-2 compliant Internet Protocol Security (IPSec) VPN technology and a patent-pending authentication process with 164 bit Triple-Des encryption with regular key exchanges. The “Secure Swipe Technology” protects sensitive credit card data at the swipe before it enters the handset, rendering the data unrecognizable to other applications or employees attempting to capture credit card information from the data port, making the PowerSwipe device more secure than other mobile POS device.

Creditel’s mobile credit card machine, the PowerSwipe, utilizes Creditel’s patent-pending advanced digital “Secure Swipe Technology” for data encryption. This technology, developed in conjunction with SafeNet, is specifically designed to guard against credit card skimming and identity theft, and is not available in any other mobile or stationary POS device. With PowerSwipe, transactions are authorized and verified in seconds and can support a fax or email transaction record or print a standard receipt to a wireless printer.

Identity theft happens when a person intending fraud obtains the information necessary to assume the identity of another person. Credit card skimming is often the initial foray to identity theft. The criminal then uses the new identity to fraudulently open bank accounts, credit card accounts, obtain loans and make purchases. It is estimated that more than 33 million Americans (1 in 6 adults) have been victims of identity theft since 1990 according to a survey by Privacy & American Business and Consumer Reports magazine. As many as seven million Americans were victims in 2002 alone.

About SafeNet, Inc.