SCHIPHOL, THE NETHERLANDS and LONDON — (Marketwire) — 10/04/11 — Elephant Talk Communications Corp. (OTCBB: ETAK) () and its wholly-owned subsidiary, ValidSoft Limited (), have announced that the companies- CEOs have been interviewed jointly on the CEO Live financial TV network. In the interview, ValidSoft CEO Patrick Carroll underscored a new partnership ValidSoft has forged with Adeptra (), the leader in auto-resolution technologies that span the consumer lifecycle. ValidSoft is a global supplier of fraud prevention, authentication and transaction verification solutions across banking channels.
For the interview, see .
The Adeptra-ValidSoft commercial and technology partnership will help retail banks to detect and prevent fraud worldwide. The partnership aims to provide financial organizations with best-in-class fraud detection and prevention functionality, as well as total control over their customer communications. Adeptra is used by a majority of leading retail banks across the EMEA, Americas and APAC regions.
Elephant Talk CEO Steven van der Velden provided an overview of Elephant Talk-s value proposition in the CEO Live interview and detailed the rationale for Elephant Talk-s acquisition of ValidSoft in 2010, citing the growing need for security and privacy protection that are addressed by ValidSoft. Elephant Talk, Mr. van der Velden said, is a mobile operator and mobile virtual network enabler (MVNE) that provides a broad range of mobile telecommunications services to companies who want to enhance their customer relationships. Elephant Talk-s platform is designed to enable its customers to manage complex communications on the mobile cloud from a simple dashboard, without investing in building such systems on their own, Mr. van der Velden said.
Mr. Carroll said ValidSoft predicted when it was founded in 2003 that the mobile phone would become consumer device of choice, replacing many devices that were needed to verify credentials. In addition, ValidSoft anticipated that there would be nothing that consumers would not be able to do using their mobile phone. The goal of the company, he added, is to become the global leader in anti-fraud solutions. ValidSoft uses proprietary, four-factor technology that correlates “something you know,” “something you have,” “something you are,” and “somewhere you are, or are not.”
ValidSoft is the only security company to receive the EuroPrise privacy protection certification. Mr. Carroll said that ValidSoft is now engaged with most of the major financial institutions in the world and plans to expand into the U.S., Mexico, and other countries.
Elephant Talk Communications, Corp. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit ().
ValidSoft is a subsidiary of Elephant Talk Communications, Corp. (OTCBB: ETAK), () and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft-s solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit ().
Elephant Talk Communications, Corp.
Mr. Steven van der Velden
Tel: + 31 20 653 59 16
Investor Relations:
Alliance Advisors, LLC
Thomas P. Walsh
Tel: +1 212-398-3486
ValidSoft:
Emmanuelle Filsjean
Tel: +44 (0)20 3170 8999
Email:
For UK and EU:
Fishburn Hedges +44 (0)20 7839 4321
Paul Farrow
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