Default Proof Credit Card System Inc., which markets a patented, secured credit/debit card program, said it is negotiating a marketing deal with Benefit Technologies Inc., White Plains, N.Y.

Default Proof said Benefit Technologies intends to market Default's patented secured credit/debit cards program and offer it within its flexible benefits plan.

Default said Benefit Technologies is contemplating a program under which MasterCard or Visa cards are collateralized with the cash values of the life insurance policies of the cardholders. If the two parties agree, Default said the secured cards will be issued by a group of credit unions and other participating financial institutions throughout the country.

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