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ValidSoft and Spindle to Demo New Mobile Commerce Ecosystem at Money2020
Date:10/19/2013

LAS VEGAS, Oct. 7, 2013 /PRNewswire/ -- ValidSoft, 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), has integrated its secure mobile commerce technology with Spindle's new "MeNetwork360" mobile commerce ecosystem, which is being previewed at the Money2020 (www.money2020.com) conference being held from October 6 to October 10, 2013 in Las Vegas.

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The new app, which brings together mobile payments and marketing by enabling consumers to discover, transact and build relationships with multiple merchants, is protected by VALid-IMA™, ValidSoft's In-band Mobile Authentication platform based on its Voice Biometric technology. This authentication tool allows MeNetwork users to unlock the MeNetwork Mobile Wallet™ by speaking a phrase into their mobile device, with no phone call required. The VALid-IMA platform includes Dynamic Contingency Processing, meaning false-negatives, or the rejection of a legitimate customer, which is a major issue associated with traditional Voice Biometrics, can be virtually eliminated.

Pat Carroll, CEO of ValidSoft, stated: "Frequency and magnitude of fraud and security breaches in the mobile payments space have risen rapidly. Prevention of breaches is important, but we must also be certain that increased security doesn't affect the customer experience negatively. We believe that a winning formula is providing secure, multi-layered authentication and verification b
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