Worldcore, an online payment service provider based in Prague with global ambitions, announced this week plans to use voice biometrics as a secure means of customer authentication and a major source of differentiation. It is in the process of trademarking the name “VoiceKey” for its home-grown application that prompts customers to create a voiceprint that can be used for both account access and payment confirmation.

According to a press release, in the process of opening a Worldcore payment account, a user records a voiceprint by saying a phrase containing 10-12 syllables up to four seconds long. Once enrolled, the user will be requested to say the approved phrase to access an account or confirm a transaction depending on enabled VoiceKey options.

The company says VoiceKey uses “more than 100 parameters” to establish voice authentication and is available in English, French, Spanish, Russian, German, Chinese and Korean languages.

Worldcore is a payment and money transfer platform provider and is in the process of getting PCI DSS Level 1 compliant. The company provides an e-commerce gateway to enable and process credit card payments for merchants.

The company was established under the name of Swifthub in early 2014 and rebranded to Worldcore in September 2015, migrating to the Czech Republic as its headquarters. The management team appears to have high ambitions to enter the mobile and contactless payments market later this year.

Opus Research is curious to learn more about the payment platform and VoiceKey capabilities. We hope to see how the solution stacks up in the emerging Intelligent Authentication field. More later.

Categories: Conversational Intelligence, Intelligent Authentication, Articles

Tags: Voice biometrics, authentication, VoiceKey, Worldcore