SayPay Technologies, VoiceVault to deliver voice biometrics payments solutions
SayPay integrated its single, seamless solution for bill payments, online checkout, and website sign-in into VoiceVault’s ViGo voice authentication product.
“Banks and Credit Unions need to improve user experience to remain competitive, and security in card-not-present environments remains a key concern,” said Steve Hoffman, CEO of SayPay. “With SayPay, customers simply speak a unique, one-time use ‘SayPay code’ which provides a secure and low-friction customer experience for each transaction.”
VoiceVault provides the algorithms that analyze the unique characteristics of a user’s voice, which includes three-dimensional modeling of their vocal and nasal tract as well as the user’s unique co-articulation between digits.
VoiceVault algorithms use SayPay’s one-time use token to detect repeat or manipulated audio segments from previous sessions, which ultimately protects users from the threat of replay and man-in-the-middle attacks.
“VoiceVault has millions of production users in over 40 countries, and our multi-lingual technology has secured billions of dollars in wire and ACH payments,” said Julia Webb, VP of sales and marketing for VoiceVault. “SayPay uses the same VoiceVault biometric API that financial services, telcos and healthcare providers have deployed globally. We are excited to see innovative solutions like SayPay that advance the power and convenience of VoiceVault technology.”
SayPay will introduce its seamless voice solutions at Finovate Spring 2015, held at the City National Center in San Jose on May 12-13.
Previously reported, VoiceVault and Enacomm, Inc. participated in a panel discussion at the PAYMENTS 2015 conference, held April 19-22 at the New Orleans Morial Convention Center in New Orleans.