London, 27 November 2012 – ValidSoft, a global supplier of telecommunications-based fraud prevention, authentication and transaction verification solutions, and a wholly owned subsidiary of Elephant Talk Communications Corp. (NYSE MKT: ETAK) formerly (NYSE Amex: ETAK), has been recognized by Opus Research as a leading provider of voice biometrics capabilities in Opus Research’s report Voice Biometrics Vendor Survey and “IntelliView” 2012.

Opus Research, an fully independent top analyst firm in the voice biometrics industry, reviewed eight vendors for voice biometrics. Opus Research’s Dan Miller, senior analyst, concluded that “ValidSoft demonstrates willingness to create opportunities for a broad set of firms in the mobile payments and commerce businesses, thus expanding the reach of the voice biometrics community as part of a multi-channel, payments community. Employing multiple factors is a ‘best practice’ for secure customer care, mobile authentication, payment authorizations and information access management.”

Pat Carroll, CEO of ValidSoft commented: “We are very pleased to have been identified as a key player in the development of context aware security solutions, and delighted to be named as one of the leading providers of voice biometrics by Opus Research. Voice biometrics is a very important component of our multi-factor, multi-layer, strong authentication security solution, and we expect to see voice biometrics feature strongly in financial services as adoption becomes main-stream. Voice biometrics is also particularly well suited in the enrollment and activation processes for mobile wallets and Apps and will become increasingly important given the forecast rise in the volume of mobile payments in the coming year.”

The report also notes ValidSoft’s emphasis on strong user authentication for mobile devices including phones and tablets.The report firmly places ValidSoft as a company that uses the recognition of the unique aspects of a person’s voice among the mechanisms to reduce fraud, promote secure commerce and foster trust between parties in online or mobile transactions.

ValidSoft uses voice biometrics as one of the factors for its patented, multi-factor authentication security solution, and remains the only vendor that provides the technology in this indigenous form. The multi-factor solution, which also incorporates Proximity Correlation Logic, has been awarded the EuroPrise Privacy Seal for its ability to safeguard users’ personal details. ValidSoft is the only security company in the world with three European Privacy Seals.