SOURCE: Trycera Financial

Trycera Financial

May 18, 2011 09:00 ET

Trycera Credit Services Included in Nationally Syndicated Column From Washington, D.C.

IRVINE, CA--(Marketwire - May 18, 2011) - Trycera Financial, Inc. (OTCBB: TRYF), a diversified financial services company, today announced its Credit Services division has begun promoting its alternative payment and credit services in concert with a nationally syndicated article running in major markets across the United States.

The article, authored by Ken Harney, headlined as "Building Blocks to Restoring Credit" highlights a complex problem many consumers face with regard to the Federal Reserve's "Regulation B" that interprets the rules on the treatment of alternative credit. Prospective lenders who understand the regulations don't necessarily want to hassle with or subject themselves to the cost to properly "consider" millions of consumer profiles that are effectively dubbed "shoe box" credit records since the time and cost of verification can be cumbersome. However, Trycera Credit Services, in conjunction with the National Credit Reporting Association, will begin to independently verify the accuracy of consumer-supplied payment records. These ScoreReady™ records can then be provided to lenders as part of the standard credit reporting and scoring information used in mortgage underwriting. By law, this data is to be "considered" by every lender according to Regulation B, Section 202.6.

Ray Smith, President and CEO of Trycera, stated: "We are pleased to offer a uniquely transparent and viable avenue for consumers to more effectively report non-traditional and alternative payments and get the credit they truly deserve. As we forge ahead with this alternative reporting initiative, we expect to aid consumers by showcasing their personal spending patterns and contribute to improved and expanded scoring and predictive lending models, which ultimately benefit all parties. I implore everyone to read the article which was published by going to and clicking on the NEWS tab. It is educational and informative."


Trycera Financial, Inc. is a financial services company specializing in the delivery of prepaid card programs, prepaid card program management, alternative credit products and bill payment reporting. The Company also markets a diverse suite of personal financial management solutions and pay as you go services that give consumers the ability to have alternative credit references such as rent, utilities, insurance and wireless phone service payments reported with any application that requires a credit check and added to their credit scores. For more information, please visit the Company's web site at


Kenneth R. Harney writes an award-winning, nationally-syndicated column on housing and real estate from Washington, D.C. He is also managing director of the National Real Estate Development Center, a professional education company. He is a past member of the Federal Reserve Board's Consumer Advisory Council, a committee that by federal statute reviews all Fed actions on home mortgage, consumer credit and banking industry regulation.

He served as a member of the U.S. Department of Housing and Urban Development's Working Group on Computerized Loan Origination (CLO) systems, and is a member of the Editorial Board of the Fannie Mae Foundation's journal, Housing Policy Debate. He is the author of two books on mortgage finance and real estate.


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.

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