Verify Smart Corp (OTC:VSMR) has signed a Memorandum of Understanding (MOU) with business leader Theodore Permadi Rachmat of Indonesia. The MOU covers the terms of Agreement between VSMR and Mr. Rachmat to form a Joint Venture company. The company will introduce Verify’s line of fraud prevention and detection technologies to financial institutions, businesses, and economic development groups in Southeast Asia.
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Formerly Treasure Explorations Inc, Verify Smart Corp is focused on the provision of identity protection and secured transaction services. The company previously entered into a joint venture agreement with Verified Capital Corp and Verified Transactions Corp on March 25, 2009. The company offers VerifyNGo, VerifyGateway, VerifyTransfer, and VeriSmart Cared through the joint venture.
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