Voice Commerce, the innovative financial services group, today announced that it has become a full member of The Payments Council. Voice Commerce looks forward to contributing towards The National Payments Plan which was launched by The Payments Council in 2008.
The National Payments Plan sets out a 10-year vision for UK payments together with the practical steps needed to put the vision into practice. As such Voice Commerce is uniquely positioned to support the Council in embracing the regulatory changes required to secure payments, with particular focus on e- and m-commerce.
The exponential growth of both the internet and mobile devices in the UK has marked a new era for payments processing. Alongside securing transactions across the internet from the increasing threat of fraud there is also now a major drive to secure payments made over mobile. Voice Commerce has pioneered the use of voice biometrics to address these challenges. Voice Signatures allow consumers to verify and authenticate themselves using their unique voice biometric through their mobile phone to significantly reduce exposure to fraud.
Nick Ogden, CEO of Voice Commerce Group, commented: "The payments landscape has evolved dramatically in the last ten years and the influence of the web and mobile cannot be underestimated. With online fraud continuing to rise the industry needs to collaborate in order to support businesses and protect consumers. We are thrilled to be joining The Payments Council and working with them, and their community, to future proof the UK payments industry, promote growth and embrace innovation."
Paul Smee, Chief Executive of the Payments Council said: "The Payments Council is delighted to welcome Voice Commerce, and we look forward to working closely together with them. In this ever evolving market it is important to keep our membership diverse in order to serve both players of the industry and end-users. We can now continue to keep a bright eye on the future whilst we continue our work on the National Payments Plan."