02 September 2014

Voicekey gets UK innovation agency backing for m-commerce tech

17 February 2014  |  1660 views  |  0 Source: Voicekey

Voicekey Limited has recently been awarded the Second Phase of a SBRI mCommerce contract by the UK's innovation agency, the Technology Strategy Board.

This highly competitive commercial contract is being promoted by the Home Office to stimulate new and innovative mCommerce products and services in order to help prevent fraud and increase accessibility for all. Voicekey's CEO Dr Tony Allen commented, "We are delighted by the award of this contract which recognises the innovative solutions and excellent team work delivered in phase 1. Phase 2 will deliver a market ready mcommerce solution which will enable mobile commerce in a convenient, secure and inclusive manner."

The Voicekey mTrust™ trusted mtrader scheme aims to address both vendor and user reluctance to mcommerce deployments as well as addressing all user accessibility issues. The hardware cost associated with our solution is very low, consisting of both conventional and innovative mobile point of sale devices that any mobile phone can interact with using our innovative solution. To make a transaction, consumers will need only to activate an APP on a mobile phone to be given visual and/or oral confirmation of the transaction details. Once activated, mutual authentication is provided by the app being qualified to the vendor system using a certificate that has been previously created from the users' voice samples provided during a simple registration process. The certificate will be displayed to the vendor as an on-screen digital code within the APP. This will enable the vendor system to debit the cost of the transaction from the users' phone balance using only a standard bar-code reader. A multifactor derivative of the Voicekey mTrust product can also be used to ensure remote trusted transactions processing such as online purchasing. This will make use of secure out of band verification; and if required Voicekey can augment this with its patented voice biometric products.

Voicekey is working with a range of hardware suppliers to tier 1 and high street retailers. These will provide the company with access to national and global routes to market. Our collaborations with charities and university accessibility research groups will also ensure that the developed solution will be both trusted and accessible to all. 

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