Profile

ClearBIT Systems, a privately held e-payments platform startup, is the pioneer of a new form of digital currency designed for the digital age of commerce -- random bits. The company is focused on developing its patent-pending, prepaid stored value transaction platform and groundbreaking e-payment applications.

The ClearBIT Platform offers loyalty program, electronic commerce and mobile commerce merchants a compelling, cost efficient and mathematically secure alternative to credit card platforms and ATM networks for digital transactions in the currency of their choice. The company's unique flagship stored value devices; CashDiscs™ and CashSticks™ enable consumers to make completely secure and 100% anonymous, non-account-based, 1-click or metered (Pay-per-Time™) cash payments and instant reward redemptions online.

Founded in September 2002, ClearBIT Systems is a division of AGS Encryptions, Ltd. The company is headquartered in Rockville, MD, a technology hub just outside of Washington, DC, and maintains a business development office in Tel Aviv and an R&D center in Toronto, Canada. The company is currently raising its first round of financing.

Investor inquiries: invest@clearbitsystems.com.

Vision

Random Bits emerge as the 21st century digital currency: on and off-line, for digital and non-digital goods, micropayments, metered payments, anonymous transactions, telematics payments and instant reward redemption. Flexible, secure, fraud and loss resistant.

Management

ClearBIT Systems' dynamic team consists of cryptography and data security experts, senior Internet infrastructure architects and successful high-tech venture executives.

Advisors

  • Thomas Frey - Executive Director, The DaVinci Institute
  • Shai Beilis - Managing Partner, Formula Ventures
  • Kevin Mitnick - Data Security Guru
  • Greg Berry - Founder, Think Tank West
  • Mikki Nasch - Vice President, CompanyDNA

Investors

ClearBIT Systems is currently privately funded by its founders. The company is now actively seeking to raise its first round of financing. For more information regarding investment opportunities with ClearBIT Systems please contact: invest@clearbitsystems.com

 


 

QUICK FACTS
Founded
Sept. 2002
CEO
Gideon Samid
Product

E-Payments Platform

HQ
Rockville, MD
Financing
Private

     ClearBIT enables:

  • Loyalty Program providers to run their 'Points'-based systems on a true, non-dollar-based, bank independent transaction platform, and offer their customers instant rewards via unique stored value devices.

  • e-Commerce merchants to offer consumers secure and anonymous 1-click e-payments and micropayments, without a credit card or any personal information. No more chargebacks. No more credit card processing fees.

  • m-Commerce wireless carriers to offer subscribers the equivalent of a prepaid calling card for instant, mathematically secure, wireless purchases of goods and services.

 



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Copyright © 2003-2007 ClearBIT Systems. An AGS Company. All rights reserved.        

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