Todos and Bullion IT to battle Internet fraud in South Africa.

April 30, 2008 - PRLog -- Todos, the international authentication solutions supplier, and Bullion IT (Pty) Ltd, a leading provider of hi-tech security solutions to the Banking and Retail sectors in South Africa, announces that a Partner Agreement has been signed between the two companies. Bullion IT will now be able to offer Todos eCode, a highly flexible Two-Factor Authentication (2FA) solution, to the South African market.

For the past nine years Bullion IT has built up a highly competent workforce and has become a key vendor of niche security products aiding financial institutions in secure transaction handling. The combination of Bullion IT’s well established local business relations and long term experience in the field of banking technologies, and Todos’ strong and full-ranged authentication solutions will provide a solution for the numerous and increasing online fraud attacks which are prevalent in South Africa.

Ulf Dahlberg, Director of Sales – EMEA “By this strategic partnership on a growing market, we will have the possibility to offer our full range of authentication solutions and technical expertise through a high-tech partner, with local experience and knowledge.”

Clive Strover, CEO Bullion IT: “We always focus on keeping a highly competent organisation in order to enhance our clients’ business processes. By adding Todos’ broad range of Authentication and Transaction Security products - with the knowledge transfer that comes with our co-operation - we definitely will be able to address the mass-market security issues. No doubt, Internet fraud is a threat to all institutions that provide online services such as banking, shopping and gaming. With Todos eCode, we are confident to combat these threats successfully.”

For further information please contact:
Mr. Ulf Dahlberg, Todos Data System AB
Telephone: +46 (0)31 775 8800
http://www.todos.se

Clive Strover, CEO, Bullion IT (Pty) Ltd
Telephone: +27(0)11 807 3310
http://www.bullionit.co.za