Navigation Links
VeCommerce's Voice Biometrics Wins Challenge

ACTON, Mass., Feb. 25 /PRNewswire/ -- VeCommerce, a speech self-service company based in Acton, MA, provided bankers at the recent ABA National Conference for Community Bankers a unique lesson in how to combat identity fraud using voice biometrics.

Called the "VeCommerce Voice Biometric $1000 Challenge," VeCommerce offered a $1000 prize if anyone at the conference could "fool" VeVerify, the VeCommerce voice biometrics application. With appropriate multifactor authentication of a registered legitimate user in every instance -- and the appropriate rejection of every fraudulent user -- VeCommerce emerged the winner.

Each participant in the Challenge was assigned a unique account number and encouraged to register a voice profile. The "account owner" used that profile to transfer funds successfully from the account on a demonstration online banking site and was then asked to have anyone else at the conference try to transfer funds from that account, in essence duplicating elements of identity fraud.

Paul Hallett, president of VeCommerce Inc., said, "We issued our Challenge to prove to bankers that our voice biometrics application is extremely secure yet consumer-friendly. We repeatedly heard from the Challenge participants that they were surprised how simply, quickly, and accurately the authentication occurred."

Voice biometrics provides multifactor authentication of an individual's identity through the unique properties of an individual's voice. A voice profile can be used to authenticate both telephone and online transactions and eliminates the need for remembering identifiers such as PINs, passwords, mother's maiden name, etc. or for having special equipment such as PIN pads or fobs. While things people know or have can either be forgotten, lost or stolen, the voice remains consistently unique and clearly convenient to use.

VeCommerce offers an online demonstration of how VeVerify provides multifactor authentication using voice biometrics at Visitors to the site can use their own voices to authenticate the transfer of funds on the mock banking site.

VeCommerce Inc. is the North American subsidiary of VeCommerce Ltd, the Australia-based global leader in the provision of voice self-service solutions. With over 20 years in the communications and call processing industries, VeCommerce delivers solutions to such diverse industries as financial services and banking, wagering and gaming, ticketing and transportation, and state and local governments.

SOURCE VeCommerce Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology news :

1. If you want more babies, find a man with a deep voice
2. Voice Biometrics Gains Traction as Most Accurate and Convenient Technology to Secure Customer Privacy
3. Lockheed Martin Advances Biometrics Portfolio Through Cooperation Agreement With Cognitec
4. Biometrics Help Identify, Apprehend and Deter Illegal Migrants
5. Aware, Inc. Introduces Biometrics Software for Tenprint Autocapture
6. M2SYS Partners With Gnosis Medical Services to Provide Accurate Patient Identification in Developing Countries Through Innovative Biometrics Solution
7. Zoologists challenge longstanding theory that eyespots mimic the eyes of predators enemies
8. LSU researchers challenge analyses on sustainability of Gulf fisheries
9. From stem cells to organs: The bioengineering challenge
10. UA-led research team awarded $50 million to solve plant biologys grand challenge questions
11. Weird water: Discovery challenges long-held beliefs about waters special properties
Post Your Comments:
(Date:6/1/2016)... June 1, 2016 Favorable Government ... Administration and Criminal Identification to Boost Global Biometrics System ... released TechSci Research report, " Global Biometrics Market ... Forecast and Opportunities, 2011 - 2021", the global biometrics ... 2021, on account of growing security concerns across various ...
(Date:5/12/2016)... , May 12, 2016 ... just published the overview results from the Q1 wave ... the recent wave was consumers, receptivity to a program ... data with a health insurance company. "We ... to share," says Michael LaColla , CEO of ...
(Date:4/28/2016)... 28, 2016 First quarter 2016:   ... compared with the first quarter of 2015 The gross ... M (loss: 18.8) and the operating margin was 40% (-13) ... Cash flow from operations was SEK 249.9 M (21.2) , ... is unchanged, SEK 7,000-8,500 M. The operating margin for ...
Breaking Biology News(10 mins):
(Date:6/27/2016)... PHILADELPHIA , June 27, 2016  Liquid ... today announced the funding of a Sponsored Research ... study circulating tumor cells (CTCs) from cancer patients.  ... changes in CTC levels correlate with clinical outcomes ... therapies. These data will then be employed to ...
(Date:6/24/2016)... ... June 24, 2016 , ... Researchers at the Universita Politecnica delle ... people with peritoneal or pleural mesothelioma. Their findings are the subject of a new ... , Diagnostic biomarkers are signposts in the blood, lung fluid or tissue of mesothelioma ...
(Date:6/23/2016)... , June 23, 2016 A person commits a ... crime scene to track the criminal down. An ... Food and Drug Administration (FDA) uses DNA evidence to track ... Sound far-fetched? It,s not. The FDA has increasingly ... support investigations of foodborne illnesses. Put as simply as possible, ...
(Date:6/23/2016)... --  EpiBiome , a precision microbiome engineering company, today ... from Silicon Valley Bank (SVB). The financing will allow ... drug development efforts, as well as purchase additional lab ... been an incredible strategic partner to us – one ... provide," said Dr. Aeron Tynes Hammack , EpiBiome,s ...
Breaking Biology Technology: