Elephant Talk Communications (OTC.BB: ETAK). Using the ATM at your bank or supermarket seems like a safe way to get your money, but it's not. Someone may be watching, stealing the information on your card and your PIN number. The thief then uses the information to drain your bank account.
This type of fraud is called "ATM skimming." It's been around for at least a decade, but now it's on the rise based on thieves having more sophisticated technologies. "ATM skimming" accounts for a reported loss of over $1 Billion per year.
Now there is an effective way for b...
"The global financial slowdown will not hinder the rapid growth of the mobile virtual network," said Steven van der Velden, CEO of Elephant Talk Communications, Inc. (OTC BB: ETAK). Mobile virtual network operators (MVNOs) supply the technology to run mobile networks using spectrum and cell phone towers owned by others.
According to van der Velden, "The total number of consumer MVNO subscribers will dramatically increase from around 93 million globally in 2006 to almost 352 million by 2012. Revenues at MVNOs will also increase from $15 billion in 2006 to $67 billion ...
It's becoming a good business to run cell phone networks using someone else's spectrum and cell phone towers. Big cell phone companies are increasingly outsourcing the internal guts of their networks' back offices (specifically to service virtual operators) to so-called virtual network enablers. In addition, these enabled virtual network services are enabling non-telecom companies, such as banks, to offer their own mobile services on others' networks. New research from Wireless Intelligence shows that the number of virtual mobile network operators around the world has increased to more...
ValidSoft, the global supplier of card and electronic fraud prevention solutions and a subsidiary of Elephant Talk Communications, Inc. (OTC.BB:ETAK), was officially presented the European Privacy Seal by Kirsten Bock, Head of EuroPriSe, last week at The Future of Cards & Payments Conference in London.
ValidSoft has been granted the European Privacy Seal in regards to its anti-fraud technology software, VALid-POS®, which is designed to detect and prevent card related fraud, a global multibillion dollar problem for financial institutions. The privacy seal certifies compliance...
Elephant Talk Communications, Inc. (OTC.BB: ETAK) spokesman Steven van der Velden predicted that ETAK will expand its global marketing plans this year and into 2011 and continue to aggressively offer a one-of-a-kind technology platform that enables it to create a virtual mobile network for any company, from a bank to a supermarket. The ETAK CEO made these comments in a recent financial radio news interview on CDTV.net, a New York City-based online financial network hosted by John Hanna.
According to van der Velden, ETAK created its first customized mobile service in a credit card f...
