June 13, 2007 at 03:24Father PayPal Launches Voice Pay
Nick Ogden, the creator of the world's first electronic payment system, World Pay , which later became the prototype for PayPal, announced the launch of a new system of the same purpose called Voice Pay . Its peculiarity is the use of their voice for authentication of users.
Despite the still dubious accuracy of human recognition by various biometric parameters, the authors of Voice Pay are ready to guarantee the perfect work of their offspring, promising to compensate for any direct losses resulting from incorrect operation of the system. The system takes into account reportedly 117 different voice parameters. In addition to actually working with passwords, it also allows you to manage almost the entire process of financial transactions with voice commands.
Ogden sees the key to success of the project in the ever-increasing mobility of the modern business world: a lot of the most important operations are carried out today using computers that have an extremely inconvenient keyboard, and it is easier to say the necessary information on the go than to print it.
Similar mechanisms are being introduced in a number of large banks as an alternative to the traditional authentication scheme. According to some experts, this should provide significant assistance in the fight against fraud.
via Technology Review
Despite the still dubious accuracy of human recognition by various biometric parameters, the authors of Voice Pay are ready to guarantee the perfect work of their offspring, promising to compensate for any direct losses resulting from incorrect operation of the system. The system takes into account reportedly 117 different voice parameters. In addition to actually working with passwords, it also allows you to manage almost the entire process of financial transactions with voice commands.
Ogden sees the key to success of the project in the ever-increasing mobility of the modern business world: a lot of the most important operations are carried out today using computers that have an extremely inconvenient keyboard, and it is easier to say the necessary information on the go than to print it.
Similar mechanisms are being introduced in a number of large banks as an alternative to the traditional authentication scheme. According to some experts, this should provide significant assistance in the fight against fraud.
via Technology Review
