Cyberloq Technologies, Inc. Enters into Referral Agreement and Updates Compensation Agreements for Key Executives

On February 14, 2025, Cyberloq Technologies, Inc., a Nevada corporation, announced the signing of a non-exclusive software referral agreement with Transact Payments Limited. Under the agreement, Transact Payments Limited will act as a referral agent for Cyberloq Technologies, marketing its products to potential customers across the European Union, the United Kingdom, and Australia. In return, the Company has agreed to remunerate Transact Payments Limited with a commission of ten percent on all sales generated through this collaboration.

Moreover, a significant development took place on January 27, 2025, when a member of the Company’s Board of Advisors assigned a U.S. Provisional Patent Application (Application No. 63/750,377) to Cyberloq Technologies. This patent application, titled “Authorization of a Physical Card Transaction,” filed with the United States Patent and Trademark Office (USPTO), revolves around leveraging user location, payment card information, and merchant locations to enhance security and authorization processes in physical card transactions.

In terms of organizational updates, on December 4, 2024, Cyberloq Technologies’ directors approved amended compensation agreements for key executives. Christopher Jackson, the President of the Company, will see an increase in his annual base salary to $132,000. Additionally, Mr. Jackson and Enrico Giordano, the Vice President, are set to receive a year-end bonus of $45,000 each as part of the approved compensation arrangements.

The filing ending with the necessary signatures was submitted in compliance with the Securites Exchange Act of 1934, with Christopher Jackson, President of Cyberloq Technologies, signing off the report on behalf of the Company. This series of recent developments showcases Cyberloq Technologies’ commitment to strategic partnerships, innovation, and executive compensation enhancements.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Advanced Credit Technologies’s 8K filing here.

About Advanced Credit Technologies

Advanced Credit Technologies, Inc, a development-stage technology company, focuses on fraud prevention and credit management in the United States. The company provides CyberloQ, a banking fraud prevention technology that enables institutional clients to combat fraudulent transactions and unauthorized access to customer accounts; and Turnscor, a Web-based proprietary software platform, which allows its customers to monitor and manage their credit from the privacy of their own homes.