LONDON and SALT LAKE CITY, May 15, 2017 (GLOBE NEWSWIRE) — Lock Trust announces a proposal to the Trump administration for automated tax collection for all e-commerce sales. Lock Trust would act as a portal to all online transactions with patents pending in both the United States and European Union. Lock Trust disrupts the payment industry with innovative technology.
Lock Trust, Inc. envisions closing the digital gap by making the internet universal, affordable, and safe; and strengthening stringent regulations that are hindering the growth of the digital economy, and nurturing accountable institutions. Clients will benefit from features such as recurring billing, and multi-currency transactions in addition to governmental needs to regulate and collect tax on real-time transactions.
Lock Trusts’ technology has the ability to track and monitor transactions such as gaming and Medical Marijuana; we can decline transactions to stop cross border risk and mitigated with real time monitoring of transactions instead of using outdated BIN databases of issued cards to stop these illegal transactions.
About Lock Trust, Inc.
Lock Trust, Inc. was founded in 2013 by a 25 year vet in the industry. The company was born in Florida, with offices in London, UK. and now head-quartered in Salt Lake City, UT. Lock Trust is a streamlined technology and payment processing firm providing the frame work to Banks and governments. We serve individual consumers, small to large-market institutions, and governments with customizable suites ranging of banking, automated taxing, and other financial and risk management products and services. Our vision is that Lock Trust technology will move the world into a one world market; securely combining both physical and digital channels.