The derivative platform, known as SMARTvc, is aimed specifically at addressing inherent security needs in virtual currencies - subscription, management, administration - and ensuring the integrity of transactions resulting from the global usage of virtual currencies where authentication, privacy and/or data integrity is paramount. Ven will debut platform extensions featuring scalable security solutions later in 2013 with an expanded set of consumer offerings with corporate partners.
ValidSoft has been a wholly owned subsidiary of Elephant Talk since early 2010 and underpins its mobile/cloud security offering. The company provides solutions to counter electronic fraud relating to a variety of bank, card, internet and telephone channels. ValidSofts 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.
In recent news, ValidSoft has introduced the Zero Latency Correlation (ZLC) product.
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