November 15, 2013 -
According to the company, this new dual SSID system authenticates a user or mobile device accessing a visible network, which in turn issues credentials for access to a second, invisible wireless network. Though the company says applications for this technology are wide reaching, it is particularly suited to mobile devices in wireless settings. ValidSoft also says that this technology could help in a healthcare setting, where HIPPA regulations require secure access to all electronic patient records.
ValidSoft is in the process of pursuing parallel patent applications in the US and other jurisdictions.
“This patent, and our wider IP portfolio, will be significant in leveraging value for shareholders and customers alike, by delivering cutting edge security solutions that align with emerging trends in mobile computing,” Pat Carroll, Chairman of Validsoft, and one of the patent’s investors said. “Our Dual-Wireless Network Authentication system patent adds to our growing list of protected IP and reflects our ongoing commitment to maintaining our leadership position in strong authentication technologies targeted at the global financial services market.”
Reported previously, Carroll, the company’s founding CEO, is set to be replaced by Paul Burmester. ValidSoft made the announcement last week.
Also, last month, ValidSoft signed a deal with Spindle to integrate a voice biometrics payment system into K-cup vending machines.