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VoiceTrust Expands With Mobile Payments in the Middle East
AMSTERDAM and DUBAI, UAE, June 15, 2011/PRNewswire/ --
Today, June 14, 2011 VoiceTrust Holding, a global leader in voice
biometrics based services announced the acquisition of VoiceCash Middle East
for an undisclosed amount. The acquired entity has been renamed as
VoiceTrust eServices MENA (Middle East North Africa).
"This is a strategic acquisition as it strengthens our expansion into
the MENA region as well as into the fast growing financial services space of
Prepaid and Mobile Payments. Voice biometrics has the potential to
revolutionize customer authentication and enable financial inclusion in
emerging markets. It is natural, convenient and scalable. Customers no
longer need to memorize PINs and passwords, they just use their voice to
have their identity verified," said Tariq Habib, Group CEO of VoiceTrust
Holding.
"This is a strategic acquisition as it strengthens our expansion into
the MENA region as well as into the fast growing financial services space of
Prepaid and Mobile Payments. Voice biometrics has the potential to
revolutionize customer authentication and enable financial inclusion in
emerging markets. It is natural, convenient and scalable. Customers no
longer need to memorize PINs and passwords, they just use their voice to
have their identity verified," said Tariq Habib, Group CEO of VoiceTrust
Holding.
VoiceTrust has millions of satisfied users across North America and
Europe, currently benefiting from its Voice Biometric Security (VBS)
services. One of the key market differentiators for VoiceTrust has been its
innovative approach in enabling real-life applications using VBS. One of its
flagship business models, branded Proof-of-Life(TM), provides convenient,
secure and very low cost transactions for e-Government as well as e-Commerce
usage.
VoiceTrust is majority owned by Ramphastos Investments N.V., investment
holding of Dutch billionaire investor Mr. Marcel Boekhoorn.
Mr. Corne Melissen, spokesman for Ramphastos and VoiceTrust's interim
Group CFO expressed Ramphastos' strong belief that the acquisition will make
VoiceTrust Holding a true power-house in providing security and payments
both in cyber-space and the physical world.
About VoiceTrust:
VoiceTrust Holding is a global innovator in voice biometrics based
security and mobile payments with offices in New Jersey, Amsterdam, Munich
and Dubai. VoiceTrust provides security and enables payments in cyberspace.
As a choice of Fortune 500 customers worldwide, its technology and services
are used in a variety of security related solutions. Recently, VoiceTrust
has expanded its strategy and focused on creating and delivering end user
services underpinned by its mobile-wallet and Voice biometric platforms.
For more information, please contact:
Estelle Byrne
VoiceTrust Tel: +9714-445-8238
Estelle.Byrne@voicetrust.com
Source: VOICETRUST AG
.
VoiceTrust Expands With Mobile Payments in the Middle East
AMSTERDAM and DUBAI, UAE, June 15, 2011/PRNewswire/ --
Today, June 14, 2011 VoiceTrust Holding, a global leader in voice
biometrics based services announced the acquisition of VoiceCash Middle East
for an undisclosed amount. The acquired entity has been renamed as
VoiceTrust eServices MENA (Middle East North Africa).
"This is a strategic acquisition as it strengthens our expansion into
the MENA region as well as into the fast growing financial services space of
Prepaid and Mobile Payments. Voice biometrics has the potential to
revolutionize customer authentication and enable financial inclusion in
emerging markets. It is natural, convenient and scalable. Customers no
longer need to memorize PINs and passwords, they just use their voice to
have their identity verified," said Tariq Habib, Group CEO of VoiceTrust
Holding.
"This is a strategic acquisition as it strengthens our expansion into
the MENA region as well as into the fast growing financial services space of
Prepaid and Mobile Payments. Voice biometrics has the potential to
revolutionize customer authentication and enable financial inclusion in
emerging markets. It is natural, convenient and scalable. Customers no
longer need to memorize PINs and passwords, they just use their voice to
have their identity verified," said Tariq Habib, Group CEO of VoiceTrust
Holding.
VoiceTrust has millions of satisfied users across North America and
Europe, currently benefiting from its Voice Biometric Security (VBS)
services. One of the key market differentiators for VoiceTrust has been its
innovative approach in enabling real-life applications using VBS. One of its
flagship business models, branded Proof-of-Life(TM), provides convenient,
secure and very low cost transactions for e-Government as well as e-Commerce
usage.
VoiceTrust is majority owned by Ramphastos Investments N.V., investment
holding of Dutch billionaire investor Mr. Marcel Boekhoorn.
Mr. Corne Melissen, spokesman for Ramphastos and VoiceTrust's interim
Group CFO expressed Ramphastos' strong belief that the acquisition will make
VoiceTrust Holding a true power-house in providing security and payments
both in cyber-space and the physical world.
About VoiceTrust:
VoiceTrust Holding is a global innovator in voice biometrics based
security and mobile payments with offices in New Jersey, Amsterdam, Munich
and Dubai. VoiceTrust provides security and enables payments in cyberspace.
As a choice of Fortune 500 customers worldwide, its technology and services
are used in a variety of security related solutions. Recently, VoiceTrust
has expanded its strategy and focused on creating and delivering end user
services underpinned by its mobile-wallet and Voice biometric platforms.
For more information, please contact:
Estelle Byrne
VoiceTrust Tel: +9714-445-8238
Estelle.Byrne@voicetrust.com
Source: VOICETRUST AG
.