ValidSoft Expands Mobile-Payment Security With Utiba Deal

Source: PaymentsSource, 10th April 2012

“Singapore-based Utiba annually processes more than 12 billion consumer mobile payments made with small banks and payment schemes” says Patrick Carroll, ValidSoft CEO. ValidSoft plans to keep Utiba transactions secure through its system called Secure Mobile Architecture for Real-time Transactions, which features five layers of data security. The system analyzes consumer passwords and cell phones and adds voice biometrics, cell phone proximity correlation, and one-time encrypted certificates for data….