Back to the Future: Voice Pay Debuts

NEW YORK – Consumers will be able to use their own voice to digitally sign and authorize payments under a new system launched yesterday by Voice Pay. With its biometric-based anti-fraud and anti-phishing technologies, Voice Pay is aimed at raising the security for payments. Consumers complete a short, one-time enrollment process by uttering a few words that are then used to create a unique biometric voice print. Then, whenever a purchase is made, the user voice verifies the transaction over the phone or Internet. The technology may help open the payments systems to new applications for cell phones or for TV or print, allowing consumers to call a Voice Pay number and authorize payments over the phone using their unique voice print. The Voice Pay patent pending process was developed by the company’s CEO Nick Ogden, who founded the Internet payment processor WorldPay, before it was sold to Royal Bank of Scotland in 2002.