ValidSoft CEO Pat Carroll to Speak at Money2020
LONDON, Oct. 18, 2012 /PRNewswire/ -- 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) formerly (NYSE Amex: ETAK), today announced that its CEO, Pat Carroll, will speak on October 22nd at 10:30 AM PST at Money2020 in Las Vegas, a three-day event that focuses on how niche innovations are collectively shaping the new reality of money.
On the show's opening day, Monday October 22nd, Mr. Carroll will represent his company in the panel, "Innovations in ID and Security," hosted by David Birch of Consult Hyperion to discuss how technology can help financial services companies and others stay ahead of fraud and identity theft. The session will focus on how novel business models and technologies present new risk/fraud challenges and the possibility of highly publicized security concerns. Mr. Carroll and his fellow panelists will explain how overcoming these challenges and concerns is critical to establishing consumer trust, gaining broad product adoption and meeting regulatory requirements. The panel will also address ways to successfully manage identity, control risk/fraud and promote security best practices. More information about Money2020 is available here.
ValidSoft is regarded by leading research analysts as an innovator and leader in the field of security, having received many acknowledgements in key research notes. Recently, ValidSoft was chosen as one of a select group of presenters at FinovateFall 2012, where it highlighted its suite of mobile fraud prevention capabilities. (See ValidSoft demo: http://www.finovate.com/fall12vid/validsoft.html ).
Pat Carroll said: "I am excited to participate in Money2020 and view it as an opportunity to discuss industry trends and the continuing momentum at ValidSoft. Fraud prevention and identity protection are of paramount importance for any banking or financial enterprise, particularly in the realm of mobile commerce, and I look forward to sharing my insights on the latest innovations developed to combat this growing global problem."
With more than 25 years of financial services and technological experience, Mr. Carroll founded and leads ValidSoft with the objective of preventing fraud through industry-leading authentication and transaction verification solutions. Throughout his career, Pat has been at the forefront of industry thinking, representing organizations and industry bodies and participating in industry initiatives.
The Money2020 Expo is a groundbreaking event for emerging payments and financial services, bringing together innovators in money to create the definitive industry community. Money2020 spans the entire long tail of the evolution of money from novel saving solutions, to new spending value propositions, to evolving forms of lending.
ValidSoft Limited has been a wholly owned subsidiary of Elephant Talk (ETAK) since early 2010 and underpins the mobile/cloud security offerings of the Group. The company is a market leader in providing solutions to counter electronic fraud relating to mobile, internet, card, 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. These companies benefit from a very substantial reduction in false positives, thereby freeing up resources to combat actual fraud, as well as a substantial elimination of the fraud itself, all in real time. ValidSoft is the only security software company in the world that has been granted two European Privacy Seals. Visit www.validsoft.com.
ABOUT Elephant Talk Communications
Elephant Talk Communications, Corp. (NYSE MKT: ETAK), formerly (NYSE Amex: ETAK) is a leading international provider of mobile networking software and services. The Company's mission is to provide a single service, fully enabling and securing the mobile cloud.
Elephant Talk empowers Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs) by providing a cloud based mobile communications infrastructure, operating software and managed services, based mostly on company developed and owned software. We enable these Mobile Operators and Virtual Network Operators by offering a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investment.
As a specialized outsourcing partner, we provide operating software, managed services, cloud and SaaS solutions, an integrated transaction and delivery platform to the mobile telecommunications industry globally. Our products include remote health care, credit card fraud prevention, mobile internet ID security, secure remote file access management, loyalty and transaction management services and a whole range of other emerging mobile services.
Elephant Talk can count several of the world's leading Mobile Operators amongst their customers including Vodafone, T-Mobile and Zain, and virtually all business is focused on tier 1 operators worldwide. Visit www.elephanttalk.com.
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