ValidSoft and Utiba Partner on Mobile Payments Security
ValidSoft, a supplier of advanced telecommunications-based fraud prevention, authentication and transaction verification solutions, has partnered with Utiba, a mobile payments and mobile financial services solutions company.
Following the completion of technical trials, ValidSoft’s special purpose security architecture for mobile payments, SMART (Secure Mobile Architecture for Real-time Transactions), derived from its VALid-4F platform, has been selected by Utiba and will be integrated into Utiba’s suite of mobile financial services.
Richard Matotek, co-chief executive officer (CEO) of Utiba, said: “As mobile commerce takes off around the globe, we are very aware of the importance of security for the success of any offering. As we look to deploy sophisticated financial services solutions under our converging payments strategy, ValidSoft is a natural choice for us. We feel ValidSoft’s advanced mobile payments authentication platform delivers proven, real-time and user-friendly authentication that is ideally suited for mobile payments, and we are delighted to announce this partnership with them to deliver the most sophisticated and secure mobile financial services in the world.”