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ValidSoft Joins FIDO Alliance to Support the Creation and Adoption of Simpler, Stronger Authentication Methodologies

ValidSoft Joins FIDO Alliance to Support the Creation and Adoption of Simpler,
                    Stronger Authentication Methodologies

PR Newswire

LONDON and OKLAHOMA CITY, Dec. 3, 2013

LONDON and OKLAHOMA CITY, Dec. 3, 2013 /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), has joined the FIDO (Fast Identity Online) Alliance
(www.fidoalliance.org), which is dedicated to creating standards for simple,
open, scalable and widely compatible strong authentication systems.

(Logo: http://photos.prnewswire.com/prnh/20120917/MM75872LOGO)

(Logo: http://photos.prnewswire.com/prnh/20120917/MM75492LOGO)

ValidSoft joins many of the largest and most progressive brands in the
payments industry in supporting the FIDO Alliance, which already includes
global leaders PayPal, Lenovo, Mastercard and Google as members. FIDO's shared
goal is to develop industry standards that increase compatibility and reduce
reliance on usernames and passwords to authenticate online users, approaches
that are both easily compromised and notoriously difficult to remember.
Passwords would instead be replaced by 'low-friction' authentication methods
embedded in device hardware, a philosophy already reflected in ValidSoft's
multi-factor mutual authentication, identity and transaction verification
solutions which also in corporate features such as voice biometrics and
location proximity.

Pat Carroll, Chairman of ValidSoft, says: "We're pleased to support FIDO
Alliance's efforts to create and implement simpler and higher authentication
standards that will help protect people from ever more sophisticated fraud.
Thanks to our unique security 'by design' approach and our ability to leverage
advanced telecommunications capabilities and real-time invisible checks that
do not involve the customer, we are allowing payment processors to provide
stronger verification and authentication, without negatively impacting the
consumers' experience."

Michael Barrett, FIDO Alliance President and Chief Information Security
Officer of PayPal, an eBay company says: "We are excited to welcome ValidSoft
as our newest member. The FIDO vision of universal strong authentication
promises better security, enhanced privacy, more commerce and expansion of
services throughout digital industries. ValidSoft's contribution to our
Alliance supports our industry goal to make user authentication easier and
safer for all parties."

About ValidSoft:
ValidSoft provides advanced mobile- and cloud-security solutions. ValidSoft
has developed a custom-built sophisticated multi-factor authentication
platform (SMART™) for the mobile world, 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 mass market, cost-effective, secure and easy to use and deploy. The
company counts some of the world's largest financial institutions among its
customers. ValidSoft is the only security software company in the world that
has been granted three European Privacy Seals. Visit: www.validsoft.com.

About the FIDO Alliance
The FIDO (Fast IDentity Online) Alliance is a 501(c)6 non-profit organization
nominally formed in July 2012 to address the lack of interoperability among
strong authentication devices as well as the problems users face with creating
and remembering multiple usernames and passwords. The FIDO Alliance plans to
change the nature of authentication by developing specifications that define
an open, scalable, interoperable set of mechanisms that supplant reliance on
passwords to securely authenticate users of online services. Visit:
www.fidoalliance.org.

About Elephant Talk:
Elephant Talk Communications Corp. (NYSE MKT: ETAK), is a leading
international provider of mobile proprietary Software Defined Network
Architecture (Software DNA™) platforms for the telecommunications industry
that empower Mobile Network Operators (MNOs) and Mobile Virtual Network
Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) with a full suite
of applications, Full OSS/BSS Systems, Delivery Platforms, Support and Managed
Services, on-site, cloud, hybrid and S/PaaS solutions, including Network,
Mobile Internet ID Solutions, Secure Remote Access Management, Loyalty
Management and Transaction Processing Services, superior Industry Expertise
and high quality Customer Service without substantial upfront investment.
Elephant Talk counts several of the world's leading Mobile Operators amongst
its customers, including Vodafone, T-Mobile, Zain and Iusacell. Visit:
www.elephanttalk.com.

Media Contacts:

Investor Relations:
Steve Gersten
Elephant Talk Communications Corp.
+ 1 813 926 8920
Steve.Gersten@validsoft.com

Thomas Walsh
Alliance Advisors
+ 1 212 398 3486
twalsh@allianceadvisors.net

Public Relations:

UK: Fishburn Hedges
+44 (0)20 7839 4321
validsoft@fishburn-hedges.com

US: Michael Glickman
MWG CO
(917) 596.1883
mike@mwco.net

SOURCE ValidSoft

Website: http://www.elephanttalk.com
Website: http://www.validsoft.com