ValidSoft partners Spindle

SMART verification technologies

ValidSoft, a telecom-based fraud solution provider and subsidiary of Elephant Talk Communications, is entering a strategic partnership with mobile commerce and alternative payment company, Spindle (view press release). Through the partnership ValidSoft will integrate its SMART (Secure Mobile Architecture for Real-Time Transactions) authentication and transaction verification technologies into Spindle’s RhinoVerify security solution. Spindle’s RhinoVerify solution provides transaction verification via instant messaging and SMS, and works across mobile commerce, e-commerce and traditional retail. Spindle’s RhinoPay solution processes P2P, B2B, P2B and B2P payments through any network and mobile device and enables payments through credit/debit card, check, closed loop and ACH transfers.

With global mobile payments transactions projected to rise to USD945 billion in 2015, and mobile payment users to rise to 893.3 million, Spindle continues to seek best in breed international partners for this emerging mobile community,” said Spindle president, Bill Clark.

IE Market Research estimate that the potential mobile payments market in America is expected to reach USD260 billion by 2015, so this relationship is a welcome opportunity…,” said ValidSoft CEO Pat Carroll. 

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