Authentication. (Technology Tools).Visa International and Vocent Solutions Inc., a provider of voice-print authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. solutions, have announced a two-year global strategic alliance. This alliance will facilitate new product development opportunities for Visa, utilizing Vocent's biometric voiceprint A sample of a person's voice to be used for voice recognition or security systems. authentication to ensure secure payment transactions. As part of the alliance, Visa and Vocent will explore opportunities to use Vocent's voiceprint authentication solutions to benefit Visa's member financial institutions, merchants and cardholders and to explore ways to bring Vocent technology, products and systems to an international audience. As a first step in this strategic alliance, Vocent will deploy a voiceprint authentication solution to automate IT help desk services for Visa employees. By automating password reset using speech recognition and speaker verification, Voice Secure-Password Reset reduces overall transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). by 50-80 percent, with customers typically enjoying a 90-day payback Payback The length of time it takes to recover the initial cost of a project, without regard to the time value of money. following deployment. Vocent, headquartered in Mountain View, Calif., is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. using industry standards to deliver packaged, platform-independent voice applications that securely automate a wide range of business transactions. Its Voice Secure family of products enables quick authentication of users' identities. Voice Secure solutions are packaged applications that in most cases can be installed in 30 days. Web: www.vocent.com |
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