With privacy concerns about its mobile phone location-based credit card fraud-detection technology in Europe resolved, ValidSoft Ltd. has set its sights on entering the U.S. market within the next few months, the company CEO says.

Visa Europe struck a deal with ValidSoft late last year for Visa’s processing banks to employ Valid-POS software, which combines the use of a consumer’s credit card data with the proximity of his mobile phone during a card-present transaction to help detect fraud (see story). 

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