VoicePay Named Best Security or Anti-Fraud Development at Card & Payment Show

In yet another sign that the financial world is taking voice authentication more seriously VoicePay, the voice authentication service offered as part of the CashFlows division of Voice Commerce Ltd won the award for “Best Security or Anti-Fraud Initiative” at the annual Cards and Payments Awards ceremony in London. Barclaycard, HSBC Merchant Services, Lloyds Banking Group and The Cooperative Banking Group were the other Finalists in this category. In addition, the voice biometric engine that supports VoicePay was a Finalist in three other categories: best industry innovation of the year, best merchant acquiring initiative and best technology initiative of the year.

Voice Commerce established the CashFlows division to enable merchants to accept both e-payments and card payments over the Internet or mobile channels. As a principal Member of Visa and MasterCard, it already supports Verified by Visa and MasterCard Secure Code protocols, but also adds VoicePay, its voice biometric based payment authorization methodology or “voice signature service.” As of January 26, 2012, the company has also been a member of SWIFT (the global network that supports international wire transfers), enabling it to offer centralized, standard reporting; global reach; support of SWIFT Free Format messages; and direct access to Interbank Transfers, among other features.