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In March 2010, ValidSoft was awarded the European Privacy Seal for the product VALid-POS®, which was deemed fully compliant with EU data protection and privacy law. ValidSoft is the only security software company in the world to have been awarded this seal.
The granting of the European Privacy Seal to VALid-POS®, the most recognised and stringent certification available in Europe, provides the legal compliance mechanism that enables mobile network data to be legally and securely exchanged between the entities involved in providing the VALid-POS® service; namely the Mobile Network Operators, the Banks and VALid-POS® itself.
This is of critical importance to issuing banks and card issuers looking at deploying the Valid-POS® solution, as it is the only card-based security product to have obtained the Seal, meaning it is the only product of its kind that can confer this compliance onto the issuing banks using it. It is also the only product that can legally obtain mobile network data and, critically, the only product that can demonstrate exemption from the requirement of customer opt-in.
European data protection law is the most stringent in the world and in fact forms the basis for similar legislation in many other regions. ValidSoft has commenced a legal assessment of data protection and privacy laws in other regions and countries, initially including the US, Australia and Hong Kong, where the solution has also been assessed as fully compliant.
Click here to find out more about VALid-POSŪ
Want to know more? Contact us at vs-enquiries@validsoft.com or call +44 (0)203 170 8125
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