SayPay Technologies and VoiceVault Partner to Deliver Seamless Voice Payments
Partnership aims to transform bill payments, online checkout, and website sign-in using voice biometrics.
VoiceVault provides the algorithms that analyze the unique characteristics of a user’s voice, including three-dimensional modeling of their vocal and nasal tract as well as the uniqueness of the user’s co-articulation between digits.
SayPay Technologies, Inc., a Bay Area payments start-up, and VoiceVault, Inc., which specializes in identity verification solutions, have announced a partnership to deliver transformational online and mobile payment solutions. SayPay offers a single, seamless solution for bill payments, online checkout, and website sign-in. SayPay integrated into VoiceVault’s ViGo product which quickly enables voice authentication into new and existing apps.
“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, including three-dimensional modeling of their vocal and nasal tract as well as the uniqueness of the user’s co-articulation between digits. VoiceVault algorithms use SayPay’s one-time use token to spot repeat or manipulated audio segments from prior sessions. This enhanced protection eliminates 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, Vice President of Sales & Marketing for VoiceVault. “SayPay uses the same VoiceVault biometric IP 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 be debuting its seamless voice solutions at Finovate Spring2015, City National Center in San Jose on May 12 & 13, 2015.
To learn more about SayPay, secured by VoiceVault biometric authentication, go to www.saypaytechnologies.com.
SayPay Technologies, Inc., provides advanced online and mobile payment solutions. By simply speaking a unique, one-time use SayPay token into their mobile phones, customers instantly make payments, complete online purchases or sign-in with just their voices. SayPay provides both out-of-band and 3-factor authentication, which is ideal for remote and CNP transactions. SayPay’s patent-pending solution offers customers a fast, convenient and efficient experience while reducing fraud. For more information, visit www.saypaytechnologies.com.
VoiceVault is a leading provider of voice biometrics with expertise in delivering identity verification solutions to the financial services market. To date, the company’s voice biometric solutions have helped secure billions of dollars in money transfers, wires and ACH payments in 40 countries around the globe. The customer centric solutions are designed around the premise that speaking is convenient and natural and that no two voices are exactly the same. For more information, visit www.voicevault.com.
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