ValidSoft releases Zero Latency Correlation product

The ZLC patent pending technology provides fraud detection and false-positive reduction solution for both cross-border and domestic card-present transactions. It is specifically designed for integration into smart phone-based wallets and apps. Because it provides the cloud service with an always-on proximity awareness and knowledge of other crucial invisible indicators, the network latency associated with mobile network lookups, performed at the time of execution of a transaction, is eliminated. This capability completes the portfolio of Proximity Correlation solutions from ValidSoft for the needs of any transaction type in mobile and electronic payments.

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.