Navigation Links
VeCommerce's Voice Biometrics Wins Challenge
Date:2/25/2008

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 http://www.veverify.com. 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:
*Name:
*Comment:
*Email:
(Date:4/19/2016)... , UAE, April 20, 2016 ... be implemented as a compact web-based "all-in-one" system solution ... the biometric fingerprint reader or the door interface with ... of modern access control systems. The minimal dimensions of ... ID readers into the building installations offer considerable freedom ...
(Date:4/15/2016)... DUBLIN , April 15, 2016 ... of the,  "Global Gait Biometrics Market 2016-2020,"  report ... http://photos.prnewswire.com/prnh/20160330/349511LOGO ) , ,The global gait ... CAGR of 13.98% during the period 2016-2020. ... movement angles, which can be used to compute ...
(Date:4/13/2016)... CHICAGO , April 13, 2016  IMPOWER physicians ... are setting a new clinical standard in telehealth ... By leveraging the higi platform, IMPOWER patients can ... weight, pulse and body mass index, and, when they ... quick and convenient visit to a local retail location ...
Breaking Biology News(10 mins):
(Date:4/26/2016)... ... 26, 2016 , ... This unique "Fertility Happy Hour" event will be held ... to get the lowdown on female fertility and the reproductive technologies that are empowering ... of Boston IVF - The Arizona Center, will give a short presentation and ...
(Date:4/26/2016)... ... April 26, 2016 , ... Seattle based non-profit, The Institute ... 1Plus12 Corporation. The grant will be used to further the scientific research goals ... website http://www.ivsci.org , In accounting the grant to the IVS, Mr. ...
(Date:4/26/2016)... ... April 26, 2016 , ... uBiome, the leading microbial genomics ... on the company’s Advisory Board. Prior to co-founding Plum in 2007, Neil Grimmer was ... at IDEO. , A renowned, innovative designer of ideas, products, and brands, Grimmer has ...
(Date:4/26/2016)... 2016 genae, a Contract Research ... announced today the appointment of Prof. Dr. Jörn Balzer ... responsibilities will include all clinical, safety and risk management ... privileged and honored with the acceptance of Prof. Balzer ... CEO at genae. "Prof. Balzer,s impressive and extensive background ...
Breaking Biology Technology: