ValidSoft partners with Utiba for secure mobile payments

SMART security architecture

ValidSoft, a telecom fraud prevention solution provider and part of Elephant Talk Communications Corp, is partnering with mobile payment solution provider Utiba (view press release). Through the new partnership, Utiba will integrate ValidSoft’s SMART security architecture for mobile payments into its suite of mobile financial services. The partnership will provide Utiba’s 40 mobile network operators and banking customers around the world with access to authentication options powered by ValidSoft’s proprietary technology. This will affect the 500 million or so subscribers that have access to the Utiba platform, including those incorporated in Utiba’s recent partnership with MasterCard.   

As we look to deploy sophisticated financial services solutions under our Converging Payments strategy, ValidSoft is a natural choice for us,” says Utiba Co-CEO Richard Matotek. “We feel ValidSoft’s advanced mobile payments authentication platform delivers proven, real-time and user-friendly authentication that is ideally suited for mobile payments…”

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