This post is part of our live coverage of FinovateSpring 2015.
SayPay announced a partnership with VoiceVault and introduced its bill pay and secure web sign-in:
When billers include a one-time “SayPay code” on their bills, customers simply speak the code into their mobile banking app without needing to sign in! SayPay biometrically authenticates the customer’s voice, matches the code to the bill, and displays the bill details. Upon review, the customer simply presses “Pay.” SayPay also works for ecommerce checkout, website sign in, P2P payments, step-up authentication, and more. The SayPay code is cryptographically calculated so it can’t be predicted, replicated, reused, or replayed. Further, SayPay uses out-of-band and three-factor authentication and never provides sensitive financial information.
Presenters: Steve Hoffman, CEO and founder; Julia Webb, technology consultant
Product Launch: May 2015
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
HQ: Pleasanton, California
Founded: February 2014