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PerSay’s VocalPassword™ to deliver secure and convenient access to web transactions

Tel Aviv, Israel, - PerSay, the leading provider of Voice Biometrics solutions, announces the world’s first eBanking web site that relies on Voice Biometrics for resetting customers’ passwords.

This deployment marks a new era in the utilization of Voice Biometrics technology by financial services - enhancing the security of web sites and web-based transactions, enabling convenient multi-factor authentication. While current authentication processes mostly rely on information provided by customers ("something you know") that can be easily stolen, guessed, or retrieved, the new process combines biometrics ("something you are") as an additional factor, delivering higher security, which is in-line with emerging financial regulations.

This is a new innovative self-service application, enabling customers to reset their eBanking password 24/7. It also replaces a costly and inconvenient manual questioning routine and eliminates the need to wait for a live agent.

The use of voice biometrics provides an effective risk management tool and eliminates the need to give away personal information over the phone.

Ariel Freidenberg, EVP Global Sales & Business Development at PerSay commented: "The "color of my cat" and "my wife’s maiden name" are questions that belong to the past. Looking forward, we see more and more financial institutions and other service providers, adopting voice biometrics as an essential element in their security and risk management procedures. We expect regulation to drive multi-factor authentication for web, phone, and mobile transactions and believe voice biometrics is the optimal authentication factor answering this need"

About PerSay
PerSay Ltd. (www.persay.com) is a leading provider of advanced biometric speaker verification products. PerSay's technology relies on the biometric power of voice to verify a speaker's identity. PerSay's products have been deployed by leading financial services, telecom operators, healthcare providers, enterprises and law enforcement agencies worldwide. PerSay is a spin-off of Verint Systems Inc., with offices in Tel Aviv and New York, and a network of partners and system integrators worldwide.

For more information, please contact:
Shira Lotto
Marketing Communications Manager, PerSay
Tel:+972.3.767.8690
E-mail: shira.lotto@persay.com

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