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

ased on Voice Biometrics. That is the way to transform the traditional biometric model based on Equal Error Rates (Industry standard for biometrics, represents balance point between False Positives and False Negatives). ValidSoft is proud to be part of Spindle's MeNetwork360 mobile app and to showcase the fruits of our innovation with them at Money2020. The launch of Spindle's MeNetwork360 mobile app enables ValidSoft core solutions to be part of an evolutionary payments infrastructure, capable of serving large institutions that are utilizing mobile payments from customers on a daily basis."

Bill Clark, CEO of Spindle, said: "We are very pleased to integrate this innovative biometric solution into the MeNetwork 360 platform.  It provides the highest level of authentication for payment transactions, and security for various wallet applications. Providing a platform that maintains the highest levels of security and privacy is of paramount importance to Spindle. Through our relationship with ValidSoft, our customers can be reassured that we have integrated the most robust security protocol in the industry.''

About ValidSoft:
ValidSoft Limited provides B2B mobile-and cloud-security solutions. ValidSoft has developed a sophisticated multi-factor authentication platform (SMART™), which takes full advantage of mobile telecommunication channels and devices and includes a leading proprietary voice biometric engine. These solutions combat electronic fraud and safeguard consumer privacy across internet and mobile banking, credit/debit-card and (mobile and fixed line) telephony channels. ValidSoft's solutions are used to verify the authenticity of both parties to a transaction (Mutual Authentication), ensure the fidelity of telecommunication channels (Secure Communications), and confirm the integrity of transactions themselves (Transaction Verification) – in each case, in a manner which is scalable for the ma
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