VoiceVerified, Identity Verification Provider, Launches Point Service Provider (PSP) Service.

NEW HOPE, Pa. -- VoiceVerified, a provider of voice biometric verification technology and services for call/contact centers, banks, brokerages, agencies, merchants and employers, announces the commercial launch of its patent-pending voice verification delivery platform, the VoiceVerified Point Service Provider (PSP). This hosted service model comprises a patented collection of microprocessor-based control, telephony and storage devices and application software that acts as a remote, on-demand voice enrollment and verification service. This solution helps businesses secure remote transactions, protect consumer data and combat identity theft.

The PSP platform combines multiple voice biometric algorithms and programs used to measure the unique characteristics of a voice and then mathematically model them as a unique voiceprint. During enrollment, a set of random numeric phrases is collected and a unique voiceprint is created, utilizing a highly secure, text-independent methodology.

Verification occurs when a client's identity management system or call/contact center routes the call to the VoiceVerified secure, redundant operations center, where the system prompts an individual to repeat five random numeric digits to create a voice sample. The voice sample is then compared to the stored voiceprint to evaluate pitch, cadence and numerous individual characteristics of voice and speech patterns.

VoiceVerified holds a variety of trademarks and patents and has numerous other intellectual property projects under development. The core technologies related to the delivery platform are the PSP, a patent-pending system and method of subscription identity verification utilizing multiple factors, and the Ensigma technology and associated patent, one of the core features of the patented Dynamic Voice Challenge (DVC) component of the PSP.

The PSP service will initially use text-independent verification utilizing random numeric challenges to allow deployment across multiple cultures, regardless of native language.

The DVC component of the PSP encapsulates the voice biometric engines, advanced noise cancellation and filtering functions. VoiceVerified anticipates launching an additional DVC component, adding Free Speech, in the second half of 2006. This text-independent verification engine captures a voiceprint using a series of phonetically balanced sentences. It will allow comparison against static pass phrases, random speech or a combination of both.

"With the rising incidence of identity theft and the increasing cost of fraud to businesses, VoiceVerified provides a non-intrusive and economical solution that is easy to implement and doesn't expose personal information," said Jeff Randol, founder and CEO of VoiceVerified. "We are excited to be able to offer businesses a needed tool to secure transactions, protect privacy and increase consumer confidence."

Voice verification is the only practical biometric that can be used to secure remote transactions. Businesses can use the VoiceVerified PSP platform to secure transactions and prevent fraud without adding costly equipment, purchasing licensed software or requiring additional IT staff. VoiceVerified never holds account numbers, Social Security numbers, or other personal data, only the consumer's voiceprint. With VoiceVerified there is nothing to be lost, stolen or remembered.

About VoiceVerified

The VoiceVerified service automates biometric verification for call/contact centers, banks, brokerages, agencies, merchants, employers and organizations that must protect the identity and privacy of their consumers, employees and/or citizens. Delivered through a secure Point Service Provider (PSP) platform, the telephony-based service requires virtually no hardware, licensed software or modifications to existing systems. Non-intrusive, economical and accurate, VoiceVerified provides enterprises with a crucial layer of security to safeguard their corporate image, brand and consumer relationships. VoiceVerified is based in New Hope, PA, and grew through the acquisition and development of voice verification technologies. For more information, visit www.voiceverified.com.