Planet Payment, a leading international multi-currency payment and data
processor,
has announced its selection of PerSay, the leading provider of advanced
voice biometric solutions, to deliver voice authentication technology to be
integrated with Planet Payment’s product suite for the banking, financial
services and retail sectors.
As the use of mobile phones has grown exponentially and reached
universal adoption on a worldwide basis, Planet Payment has seen a
corresponding increase in the need for payment and processing solutions
that allow businesses to reach customers more effectively via this medium.
To address this need, Planet Payment created its BuyVoice line of mobile
payment solutions, which provides merchants with easy-to-use powerful tools
to market, reach and sell to customers.
Customers using Shop BuyVoice(TM) can conduct quick, simple and secure
shopping just by speaking, using any mobile telephone. In the next product
generation, consumers will have the option to register for the service
online or over the phone, and only need to provide an identifier and
voiceprint, along with payment and delivery information, to conduct secure,
convenient mobile shopping. PerSay’s voice biometric technologies will
provide customer verification by taking advantage of the fact that each
person’s voice is a unique and unobtrusive identifier, like a fingerprint.
“Planet Payment believes that the mobile commerce segment is becoming
more important to banks and merchants worldwide, and we are committed to
providing the market with leading-edge voice commerce and processing
solutions which business can use to sell more product and simplify the
shopping experience. PerSay’s voice authentication technology adds an
additional layer of security and privacy to our product line, further
extending Planet Payment’s lead in highly secure payment and data
processing with the ease of voice and the simplicity of any phone,” says
Phillip Beck, Chairman and Chief Executive Officer of Planet Payment.
“Planet Payment joins a growing list of market leaders, such as Bell
(Canada), British Telecom and Bank Leumi, that are combining enhanced
security with a more convenient customer experience through the application
of advanced voice biometric technologies. We are honored to have been
selected as Planet Payment’s voice authentication partner,” says Almog
Aley-Raz, PerSay CEO.
In December 2006, Planet Payment launched Payment BuyVoice, which
allows merchants to accept credit card payments via any mobile or landline
phone, in conjunction with a transportation payment specialist in the U.K.
In July 2007, Planet released a beta of its new and revolutionary Shop
BuyVoice product in the United States. BuyVoice with voice authentication
will be introduced as a product enhancement to the current beta product.
About Planet Payment
Further information on Planet Payment [LSE: AIM: PPT and PPTR for
unrestricted and Reg S common shares respectively] can be found at:
http://www.planetpayment.com. This website is the one required to be
maintained by
the Company pursuant to AIM Rule 26 and the information required to be
provided under Rule 26 is accessible by clicking on “Investors.”
Planet Payment (http://www.planetpayment.com) is a multi-currency
payment and
data processor, enabling processors, acquiring banks and their merchants to
accept, process and reconcile credit card transactions in multiple
currencies, allowing cardholders to view prices and settle transactions in
their native currency. Planet Payment’s systems also enable it to provide
enhanced data reporting and data management and integrated payment solution
support to merchants using multiple systems in different countries. The
“Pay in Your Currency” is a component of Planet Payment’s suite of
multi-currency processing solutions, which include a multi-currency pricing
e-commerce service and a Dynamic Currency Conversion service. Planet
Payment also recently launched BuyVoice(TM), a mobile payment and commerce
solution, which allows merchants to accept payments and sell product to
customers using any mobile or landline phone.
The Planet Payment business was established in 1999. Planet Payment is
headquartered in New York and has offices in Atlanta, Beijing, Bermuda,
Hong Kong, Shanghai, Singapore and the United Kingdom.
About PerSay
PerSay Ltd. (http://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.
