SOURCE: Elephant Talk Communications

Elephant Talk Communications

Elephant Talk Communications

September 12, 2011 04:33 ET

ValidSoft Awarded Second European Privacy Seal by EuroPriSe

LONDON--(Marketwire - Sep 12, 2011) - ValidSoft (, a global supplier of fraud prevention, authentication and transaction verification solutions, has been awarded a European Privacy Seal by EuroPriSe for its VALid-4F™. ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK) (, an international provider of business software to the telecommunications and the financial industry. This is the second Privacy Seal that ValidSoft has received, and it confirms the company's ability to maintain the highest privacy standards in its work with citizens' information when contracted by financial services organizations and government departments. The award follows evaluation by independent experts and validation by EuroPrise, an official certification body.

ValidSoft aims to redefine the prevention of fraud by providing banks, businesses and governments with strong, telephone-based, real-time systems to authenticate and verify transactions. Whether in "card present" (e.g. ATM-related), "card not present" (e.g. internet shopping), and online banking or self-certification (e.g. provision of social benefits), it can protect against the most sophisticated types of fraud.

The second European Privacy Seal is awarded for VALid-4F™which applies to self-certification solutions, those being especially relevant to governments. In an increasingly mobile and global world, it is becoming more and more important that individuals can quickly and simply certify, by and for themselves, over a mobile phone, who they are, and that they are fulfilling certain conditions, including whether they are, or not, in a particular country or jurisdiction. It is also crucial in such circumstances that the relevant self-certification is reliable and verifiable. The product achieves this without privacy-intrusive processing, in a way that is fully compliant with European data protection standards.

Pat Carroll, founder and CEO of ValidSoft, said, "We are delighted to have been recognised in this way. It represents an important step in our growth as we look to provide solutions for governments balancing tight budgets with public demands. VALid® is both efficient and accurate and will protect citizens' personal information."

Douwe Korff, ValidSoft's Independent Data Protection Evaluator and Professor of International Law at London Metropolitan University, said: "This product shows that privacy protection in service or benefit condition verification is not a sub-zero game. Here we have a product that achieves cost and operational efficiencies for government departments and provides user-friendly and more convenient services for citizens. It also offers a better protection against welfare fraud, stronger condition verification generally, and higher standards of data protection compared with the use of other products that operate in violation of European data protection rules."

Kirsten Bock, CEO of EuroPriSe, said: "ValidSoft proved itself tremendously robust in response to the thorough evaluation which was carried out on VALid® Standard Edition v.3 before it qualified for this Seal. Government organisations across Europe will benefit from the excellent documentation addressing privacy in a most comprehensive way and thus can be assured that ValidSoft meets the most rigorous measures."

The following features in particular were rated as "excellent" in the EuroPriSe evaluation:

  • Purpose specification and limitation, the latter achieved in particular through very strong, legally binding Conditions of Use.

  • Very strong, legal assurances that the product will only ever be used with the full, free, informed, specific and express consent of the data subject.

  • Data avoidance, minimisation and proportionality; the use of pseudonyms and anonymity with personal data wherever possible.

  • The quality of the product documentation and information.

  • The mobile phone look-ups are fully compliant with European data protection law. These two steps guarantee that a benefit claimant is who he/she says he/she is, and is in the country or geographical location where he/she is supposed to be.

ValidSoft's, Carroll added, "The concept of 'privacy by design,' as described by Gartner, privacy and data protection should be embedded throughout the entire life cycle of technologies, from the early design stage to their deployment, use and ultimate disposal (European Commission: A digital agenda for Europe, 26/8/2010). Our second EuroPriSe seal confirms that our products embody that approach right across the private and public sectors."

ValidSoft was awarded its first EuroPriSe Seal in March 2010 for VALid-POS®, which is a telecommunication-based, security solution designed to combat card transaction fraud at ATMs or points of sale. EuroPriSe is an initiative set up by the European Union data protection authorities, and was launched in 2007 under the eTEN program of Directorate General (DG) Information Society and Media.

About EuroPriSe
EuroPriSe is an initiative led by the Unabhaengiges Landeszentrum fuer Datenschutz (Independent Centre for Privacy Protection, ULD), Germany. EuroPriSe was funded with 1.3 million Euros by the European Commission's eTEN program. The EuroPriSe project consortium led by ULD included partners from eight European countries: the data protection authorities from Madrid (Agencia de Protección de Datos de la Communidad de Madrid, APDCM), and France (Commission Nationale de l'Informatique et de Libertés, CNIL), the Austrian Academy of Science, London Metropolitan University from the UK, Borking Consultancy from the Netherlands, Ernst and Young AB from Sweden, TÜV Informationstechnik GmbH from Germany, and VaF s.r.o. from Slovakia. For more information please visit:

About ValidSoft
ValidSoft is a subsidiary of Elephant Talk Communications, Inc. (OTCBB: ETAK), ( and is a market leader in providing solutions to counter electronic fraud relating to card, the internet, and telephone channels. ValidSoft's solutions are at the cutting edge of the market and are used to verify the authenticity of both parties to a transaction (Mutual Authentication), and the integrity of the transaction itself (Transaction Verification) for the mass market, in a highly cost effective and secure manner, yet easy to use and intuitive. For more information, please visit (

About Elephant Talk Communications
Elephant Talk Communications, Inc. (OTCBB: ETAK) is an international provider of business software and services to the telecommunications and financial services industry. The company enables both mobile carriers and virtual operators to offer a full suite of products, delivery platforms, support services, superior industry expertise and high quality customer service without substantial upfront investments from clients. Elephant Talk provides global telecommunication companies, mobile network operators, banks, supermarkets, consumer product companies, media firms, and other businesses a full suite of products and services that enables them to fully provide telecom services as part of their business offerings. The company offers various dynamic products that include remote health care, credit card fraud prevention, mobile internet ID security, multi-country discounted phone services, loyalty management services, and a whole range of other emerging customized mobile services. For more information, visit (

Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Elephant Talk Communications, Inc.
    Mr. Steven van der Velden
    Tel: + 31 20 653 59 16
    Email Contact

    Investor Relations:
    Alliance Advisors, LLC
    Thomas P. Walsh
    Tel: +1 212-398-3486
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    Emmanuelle Filsjean
    Tel: +44 (0)20 3170 8999
    Email: Email Contact

    For UK and EU:
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    Paul Farrow
    +44 (0)20 7839 4321
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