GoldMoney Enhances Online Security

LONDON--(BUSINESS WIRE)--GoldMoney, one of the world’s largest providers and holders of physical bullion for retail investors, has launched an enhanced security measure for online transactions. Customers can now receive a transaction PIN code by text message on their mobile phone, to protect customer Holdings against the unauthorised removal of assets.

“By submitting the PIN code directly to the customer’s mobile phone, we greatly reduce the risk of any unauthorised removal of customer assets.”

Security has top priority at GoldMoney and this latest measure is one of several mechanisms used to combat fraud and protect GoldMoney account holders.

Geoff Turk, GoldMoney chief executive officer, said: “By submitting the PIN code directly to the customer’s mobile phone, we greatly reduce the risk of any unauthorised removal of customer assets.” To authorise each transfer of assets from the Holding, a unique PIN code must be entered online. The code is sent to the customer’s mobile phone along with the details of the transaction about to be authorised.

GoldMoney spokesman Alex Preukschat added: “The transaction request will only be processed if the code has been entered. A mobile phone is a piece of equipment completely separate and unconnected to the computer accessing the Holding. That’s why this new security system is particularly effective.”

GoldMoney is the leading provider for the storage of physical gold, silver and platinum in the retail market. GoldMoney customers hold nearly US$1 billion (c. £700m) of bullion and currencies in its London, Hong Kong and Zurich vaults.

About GoldMoney

GoldMoney is a fast growing enterprise founded by James and Geoff Turk. As one of the world’s largest providers of physical bullion for retail investors, GoldMoney is combining 21st century technology with the world's oldest money: Gold. The company efficiently uses the internet to make the online purchase and the storage of gold, silver and platinum secure, convenient and economical. Residents of 85 countries can establish a GoldMoney Holding to build savings and secure their wealth by owning pure gold, silver and platinum with GoldMoney.com. All precious metals are insured and stored safely and conveniently for the investor in specialized bullion vaults in London, Zurich and Hong Kong. By performing regular audits GoldMoney constantly ensures and verifies the contents of their bullion vaults, thereby setting the industry standard for companies in this sector.

GoldMoney services can be accessed at GoldMoney.com.

Contacts

Pelham Bell Pottinger for GoldMoney

Damian Beeley

dbeeley@pelhambellpottinger.co.uk

+44 (0) 20 7861 3139

or

Charles Goodwin

cgoodwin@pelhambellpottinger.co.uk

+44 (0) 20 7861 3117

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