SOURCE: Trycera Financial, Inc.

June 07, 2007 12:05 ET

Trycera Financial Launches Innovative Alternative Credit Reporting Program -- My Full Credit

My Full Credit Offering Allows Subscribers to Report Non-Traditional Payments to Hundreds of Credit Reporting Agencies Nationwide

IRVINE, CA--(Marketwire - June 7, 2007) - Trycera Financial, Inc. (OTCBB: TRYF), a financial services company specializing in the delivery of prepaid card programs and products, today announced that it has launched a new alternative consumer payment reporting program called My Full Credit (www.myfullcredit.com).

Cardholders who enroll in the My Full Credit program can enjoy the benefit of reporting previously undisclosed payment information to national credit reporting agencies nationwide. A majority of the payments and transactions provided to the national credit reporting agencies under this program will include rent, gas, electric, cable TV, phone, wireless and utilities, including water, sewer and refuse.

By providing such non-traditional payment information, My Full Credit will allow credit reporting agencies to better understand an individual's consumer payment consistency behavior and in turn offer a means to report alternative scores that could facilitate more accurate credit granting decisions by prospective credit lenders. Key attributes of the My Full Credit program include:

--  A cost-effective, turnkey solution for individuals seeking to improve
    thin or no credit files
--  An automatic data feed of individuals' personal non-traditional
    payment history directly to national credit reporting agencies
--  A means to strengthen individual credit profiles with national credit
    reporting agencies
--  Enhanced breadth and depth of individual consumer credit profiles
--  Better, more complete and more comprehensive underwriting decisions
    for individuals seeking credit
    
My Full Credit will be offered as a complementary service to the entire Trycera Financial portfolio of cards and cardholders. Additionally, the Company will also create a private label offering so that third parties can brand their own version of the program based directly on the My Full Credit features and attributes. Fees on such programs will vary depending on the complexity underlying the required integration and customization. However, interested parties should contact the Company at info@trycera.com to learn more about the details of the new offering and how it would fit inside their existing card-based business initiatives.

ABOUT TRYCERA FINANCIAL, INC.

Trycera Financial, Inc. is a financial services company specializing in the delivery of prepaid card programs, prepaid card program management and private label catalog shopping cards. As a registered MSP for MasterCard and an ISO for Visa, the Company partners with companies focused on developing, implementing and marketing customized prepaid card solutions. For more information, please visit the Company's website at www.trycera.com.

FORWARD-LOOKING STATEMENTS

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: With the exception of historical information, the statements set forth above include forward-looking statements that involve risk and uncertainties. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The Company wishes to caution readers that a number of important factors could cause actual results to differ materially from those provided in the forward-looking statements.

Contact Information

  • INVESTOR / PRESS / MEDIA CONTACT:
    Bryan Kenyon
    CFO
    (949) 273-4304
    Email Contact