VoiceVault, a provider of identity verification solutions, and SayPay Technologies, a provider of software for bill payments, online checkout, and Web site sign-in, have teamed up to deliver online and mobile payment solutions. SayPay integrated into VoiceVault's ViGo product, which enables voice authentication into new and existing apps.
VoiceVault provides the algorithms that analyze the unique characteristics of users' voices, including three-dimensional modeling of their vocal and nasal tracts as well as the uniqueness of their 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.
"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, in a statement. "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 has millions of production users in over 40 countries, and our multilingual technology has secured billions of dollars in wire and ACH payments," said Julia Webb, vice president of sales and marketing at VoiceVault, in a statement. "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."