Per Federal Financial Institutions Examination Council (FFIEC) and Basel Committee on Banking Supervision: Risk Management Principles for Electronic Banking guidelines, single-factor authentication methods are inadequate for remote high-risk financial transactions involving the transfer of funds between accounts, wiring money, etc. Also, passwords and PINS can be difficult to remember, or stolen, and authentication questions are cumbersome and prone to fraud. PerSay offers increased security, and customers enjoy an improved experience, without annoying verification procedures. Banks today can secure high-risk Internet transactions by implementing out-of-band call back to the customers’ registered and unregistered phone number and use vocal passwords as a second or third authentication factor. PerSay successfully implemented in-band, browser-based, audio acquisition module enabling multi- factor security for e-Banking applications using PC microphones.

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For more information on how the most advanced and accurate voice biometrics technology from PerSay has been successfully deployed in leading financial institutions worldwide, please contact our sales team at: sales@persay.com.