Majitek’s Next Leap, Voice Authenticated Payments
27/Jan/2010
Strategic partnership with leading edge UK financial services group enables innovative payment capabilities for all Leap Solutions
DUBAI, UAE, SINGAPORE /MELBOURNE, AUSTRALIA, 27th January 2010
Service Provider Solutions Company Majitek today announced a strategic partnership and reseller agreement with UK Financial Services group Voice Commerce.
Formed by the founders of WorldPay, the Voice Commerce Group provides a suite of innovative solutions that enable the secure payment for goods and services electronically. Its Voice Commerce solution is a turnkey electronic payment gateway and transaction clearing facility. It supports a full set of international currencies and banking institutions. The Voice Transact solution enables customers to register a biometric voiceprint identity which securely authenticates a person’s identity with a word or phrase. This removes the need to remember PIN numbers or Passwords and guarantees against identity theft. The VoicePay service enables a customer to authorise electronic payments using their voiceprint providing a much higher level of security than SMS token-based solutions.
Under the deal with Voice Commerce, Majitek will become a reseller of Voice Commerce’s payment and authentication solutions. Majitek will act as Voice Commerce’s primary sales and integration partner in Asia Pacific and the Middle East. Both companies have agreed to work on a joint roadmap to enable seamless, ‘one click one word’ payment capabilities in all Majitek Leap Solutions.
Majitek’s CEO, Arthur Petronzio, said today: “The partnership with Voice Commerce significantly enhances Majitek’s value proposition for service providers.
Every organization that delivers services also needs to accept payment for those services. Voice Commerce provides us a turnkey solution for electronic payment from any credit card, any bank and in almost every currency in the world. This is extremely important in emerging markets such as the Middle East, South East Asia, India and China where the provision of localised electronic payment capabilities is still in its infancy.
We are also excited about the possibilities for voice authenticated payments in smart community projects. The idea is that if you live in a community powered by Majitek, each time you buy something you can pay by simply saying ‘please authorize’ in your mobile phone: no cash, no credit cards, no signatures, no pin numbers, no fraud or identity theft. This provides customers with a new level of convenience, and offers service providers cost savings and the elimination of unauthorized transactions”.
Nick Ogden, CEO of Voice Commerce Group, said: “Expanding our global reach is strategically important for the continued growth and success of Voice Commerce Group. By partnering with an established Service Provider Solutions company such as Majitek, which has an excellent reputation and record in technology innovation, we expect to see authenticated payments used in entirely new ways including the potential to become the primary way to buy and sell all services within a community or city.”
Majitek and Voice Commerce are jointly working on projects in Asia Pacific and the Middle East with the first payments to be made via the joint solution expected in Q2 2010.
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About Majitek
Majitek assists companies to make the leap from traditional business models to online service delivery.
Majitek’s Leap Platform and Leap Solutions empower a new-generation of service providers who can deliver more, charge less, and react faster to their customers needs.
Majitek is headquartered in Melbourne, Australia and has offices in Singapore and Dubai. For more information visit www.majitek.com
About Voice Commerce Group
Voice Commerce is a regulated Financial Service Group which operates and delivers mobile financial, payment, identity and verification services and solutions to consumers and businesses.
The Voice Commerce Group was founded upon a simple principle ‘whenever we speak we establish a position of trust’. Consumers use their voices to communicate decisions; perhaps to instruct, to agree or to buy something. This natural process already happens automatically billions of times every day and the Voice Commerce Group has taken this natural capability and automated the process through its innovation in Voice Signatures™.
Today Voice Commerce is leading the use and adoption of Voice Signatures™ in financial services worldwide. For further information please visit www.voice-commerce.com