[March 31, 2015]

Mozido Invests in IdentityMind Global, Forms Partnership for Unprecedented Fraud Protection in Mobile Commerce

Mozido, the Austin-based global mobile commerce solutions provider, today announced it has participated in the Series B financing of IdentityMind Global, a risk management platform for e-commerce and regulatory compliance. As a part of this investment, Mozido and IdentityMind have formed a strategic partnership to expand safe, secure mobile commerce around the world.

"Mozido serves customers around the world that require specialized products and services to help them manage risk and ensure compliance," said Mike Love, president of Mozido. "Our investment in IdentityMind increases our capabilities in this critical area."

Mozido is creating a global footprint of consumer transactions that will benefit from the IdentityMind investment with increased capabilities to combat international payment fraud from the world's banked and unbanked consumers. Mozido merchants and issuers will have a global, fraud prevention and evaluation system that ensures user identification, transaction authenticity, and mobile device security using a robust analytics platform consisting of dozens of data sources recognizing and validating identities around the world. Mozido has integrated IdentityMind's technology into its MoTEAF^TM platform - a cloud-based mobile ecosystem for payments, engagement, and rewards - and will be accumulating data from all transactions running on the MoTEAF platform.

"Fraud prevention in e-Commerce and online transactions is most effective when the identity of the consumer or entity is known," said Garrett Gafke, president and CEO of IdentityMind. "Our platform recognizes individuals based on a combination of attributes and helps validate how these attributes correlate against each other both online and offline. This is particularly important in mobile commerce where online merchants sacrifice collecting information for reducing friction in the mobile payment/registration process, and mobile adoption is larger within underbanked and unbanked demographics."

Becauseunbanked consumers don't traditionally have the credit and transaction history that banked consumers typically have, Mozido's partnership with IdentityMind will create a unique risk-managed ecosystem for authenticating unbanked user identities. The partnership will give merchants the ability to ensure within every transaction:

• Recognition: Merchants will initially be able to recognize the user and device
• Identification: The user is compared across dozens of data sources to verify identity
• Authentication: Once the user is identified, the transaction is authenticated across Mozido's MoTEAF platform
• Security: The transactions are completed in a highly secure environment, whether the user is requesting the payment token through a smartphone or a basic SMS-enabled mobile phone

IdentityMind VP of Marketing and Products Jose Caldera and Mozido SVP of Strategy and Communications Linda Mahy will be speaking at ETA Transact 15. Catch the panel, "Mobile Payments: Two Sides of the Coin - Consumer Experience & Effective Risk Management," on Wednesday, April 1 at 1:30 p.m. PST.

About Mozido

Mozido's mobile payments platform includes mobile financial services, loyalty programs, and mobile offers for business and retail. Through its white-label, cloud-based platform MoTEAF, Mozido serves people around the world who choose to manage their money using their mobile phone rather than relying on traditional financial institutions. Mozido's MoTEAF platform is highly interoperable, works with virtually any wireless carrier or mobile device, and integrates easily with products from other vendors. For more information, visit us at mozido.com. Follow us on Twitter (News - Alert): @Mozido

About IdentityMind Global

IdentityMind Global provides solutions for risk management and regulatory compliance for the ecommerce ecosystem. The Fraud Prevention and Risk Management Platform offers Financial Institutions and Online Merchants with real-time capabilities for effectively addressing the operational challenges of conducting financial and payment transactions online. The Platform delivers integrated Fraud Prevention, Anti Money Laundering (AML), Know Your Customer (KYC), Merchant Underwriting and Transaction Monitoring. IdentityMind's patent-pending technology Electronic DNA (eDNA) recognizes identities based on electronic attributes and how these attributes are validated and correlated against each other. Our Platform shares eDNA™ across all our clients so they can all benefit while keeping identities and transactions private to each client. IdentityMind Global services clients worldwide including Banks, Money Service Business, Payment Service Providers, Virtual Currency Exchanges and Trading Platforms, and Online Merchants. For more information, visit us at identitymindglobal.com. Follow us on twitter @identitymind.

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