ValidSoft’s participation in BAI Payment Connect puts it face to face with key decision makers as they discuss how to mitigate fraud in today’s retail banking environment
LONDON, — – ValidSoft (www.validsoft.com), a global supplier of advanced telecommunications-based fraud prevention, authentication and transaction verification solutions, and a wholly owned subsidiary of Elephant Talk Communications Corp. (NYSE MKT: ETAK), is positioning itself for expansion in the US market. To support this drive, on the 12th and 13th of March ValidSoft will participate in the BAI Payment Connect conference in Phoenix, AZ.
On Tuesday the 12th of March, ValidSoft’s global head of business development, John Petersen, will demonstrate ValidSoft’s SMART platform as an example of how the technology can combat micro-merchant fraud, to an audience of technology decision makers, during the Payments Innovation Track. On the next day, March 13, ValidSoft will be the sole sponsor of the Fraud Executive Session. This session will be hosted by Kim Duncan, First Vice President Enterprise Fraud Management at SunTrust Bank and will be attended by senior bank executives with direct responsibility in fraud prevention.
John Petersen, ValidSoft’s global head of business development, says: “Across the US, people are becoming increasingly concerned that systems designed to safeguard privacy and fight fraud are in danger of falling behind the huge growth in mobile technology. Our Privacy-by-Design philosophy, which is at the core of our development methodology, clearly demonstrates that it is possible to achieve strong security without compromising the privacy of the individual. Similarly, and crucial to the mobile payments industry, it is possible to achieve strong security without compromising ease-of-use. We at ValidSoft are at the forefront of providing award-winning solutions, and are experiencing a high degree of interest in our products and services.”
As fraud and related security threats evolve, we believe fraud prevention teams at financial institutions must advance with them to reflect the reality of the new fraud landscape. Payment systems will never be fraud-free, but financial institutions can implement enhanced security controls and train staff to mitigate risks. One universal problem is that technology today evolves rapidly as enterprises of all kinds seek to innovate and capture the attention of consumers. Serious new threats that exploit weak points can materialize every day.
ValidSoft’s participation in the BAI Payment Connect conference follows the announcement that its Secure Mobile Architecture for Real-time Transactions (SMART™) has been selected to be an integral element in the recently announced comprehensive payment acceptance service solution to be provided by Spindle, Inc. (OTCBB:SPDL), a leading US-provider of mobile payments solutions.
ValidSoft Limited has been a wholly owned subsidiary of Elephant Talk since early 2010 and underpins its mobile/cloud security offering. The company is a market leader in providing solutions to counter electronic fraud relating to a variety of bank, card, internet and telephone channels. ValidSoft’s solutions are used to verify the authenticity of both parties to a transaction (Mutual Authentication), the security of the relevant telecommunication channel used (Secure Communications), and the integrity of transactions itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner while being very easy to use.
The company counts several leading worldwide service providers and institutions amongst its customers. ValidSoft is the only security software company in the world that has been granted three European Privacy Seals. Visit: www.validsoft.com.
About Elephant Talk:
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a leading international provider of proprietary Software Defined Network (SDN) platforms for the telecommunications industry that empower Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs) Enablers/Aggregators with a full suite of Applications, Full OSS/BSS Systems, Delivery Platforms, Support and Managed Services, on-site, cloud, hybrid and S/PaaS solutions, including Network, Mobile Internet ID Solutions, Secure Remote Access Management, Loyalty Management and Transaction Processing Services, superior Industry Expertise and high quality Customer Service without substantial upfront investment. Elephant Talk can count several of the world’s leading Mobile Operators amongst its customers including Vodafone, T-Mobile and Zain, and virtually all business is focused on tier 1 and tier 2 operators worldwide. Visit:www.Elephanttalk.com.
Cautionary Note Regarding Forward-Looking Statements:
Some of the statements in this release are or may constitute “forward-looking statements.” Words such as “believe,” “expect,” “anticipate,” “project,” “target,” “optimistic,” “intend,” “aim,” “will” or similar expressions are intended to identify forward-looking statements. Forward-looking statements involve estimates, expectations and projections and, as a result, are subject to risks and uncertainties. Actual results could differ materially if not substantially from those described in the forward-looking statements.
Note to the editors:
Journalists attending BAI Payment Connect who would be interested in meeting John Petersen, ValidSoft’s global head of business development, please contact ValidSoft’s PR team firstname.lastname@example.org. ValidSoft will have a booth within the Payments Innovation area at the event, so do stop by and meet him there.
Investor Relations: Steve Gersten Elephant Talk Communications Corp. + 1 813 926 8920Steve.Gersten@validsoft.com
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