ValidSoft CEO Pat Carroll to Speak at Money2020

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London, October 18, 2012 - ValidSoft (www.validsoft.com), a global supplier of advanced telecommunications-based fraud prevention, authentication and transaction verification solutions, and a wholly owned subsidiary of Elephant Talk Communications, Corp. (NYSE MKT formerly NYSE Amex: ETAK), today announced that its CEO, Pat Carroll, will speak on October 22nd at Money2020 in Las Vegas, a three-day event that focuses on how niche innovations are collectively shaping the new reality of money.

On the show's opening day, Monday October 22nd, Mr. Carroll will represent his company in the panel, "Innovations in ID and Security," hosted by David Birch of Consult Hyperion to discuss how technology can help financial services companies and others stay ahead of fraud and identity theft. The session will focus on how novel business models and technologies present new risk/fraud challenges and the possibility of highly publicized security concerns. Mr. Carroll and his fellow panelists will explain how overcoming these challenges and concerns is critical to establishing consumer trust, gaining broad product adoption and meeting regulatory requirements. The panel will also address ways to successfully manage identity, control risk/fraud and promote security best practices. More information about Money2020 is available here.

ValidSoft is regarded by leading research analysts as an innovator and leader in the field of security, having received many acknowledgements in key research notes. Recently, ValidSoft was chosen as one of a select group of presenters at FinovateFall 2012, where it highlighted its suite of mobile fraud prevention capabilities. (See ValidSoft demo: http://www.finovate.com/fall12vid/validsoft.html ).

Pat Carroll said: "I am excited to participate in Money2020 and view it as an opportunity to discuss industry trends and the continuing momentum at ValidSoft. Fraud prevention and identity protection are of paramount importance for any banking or financial enterprise, particularly in the realm of mobile commerce, and I look forward to sharing my insights on the latest innovations developed to combat this growing global problem."

With more than 25 years of financial services and technological experience, Mr. Carroll founded and leads ValidSoft with the objective of preventing fraud through industry-leading authentication and transaction verification solutions. Throughout his career, Pat has been at the forefront of industry thinking, representing organizations and industry bodies and participating in industry initiatives.

The Money2020 Expo is a groundbreaking event for emerging payments and financial services, bringing together innovators in money to create the definitive industry community. Money2020 spans the entire long tail of the evolution of money - from novel saving solutions, to new spending value propositions, to evolving forms of lending.