EL SEGUNDO, Calif.--(BUSINESS WIRE)--
VoiceVault announces that their voice biometric e-signature
solution has been selected by one of the top five U.S. health insurance
companies to facilitate the execution of applications for health
insurance over the phone. With this announcement, VoiceVault’s
continuing leadership position is reinforced as they are now delivering
voice signature solutions to three of the top five US based health
insurance organizations, which combined, cover 174.6 million lives.
VoiceVault’s biometric e-signature solution provides a ‘speak on
the dotted line’ capability to phone and smartphone-based transactions.
Using an individual’s voice to perform the e-signature, it enables the
implementation of legally binding signature under E-SIGN Section 106.
The results are significant; companies who have adopted voice
signatures as part of the health insurance sales process have increased
telephone sales closure rates by over 25%. Organizations are also able
to adhere to ‘go green’ mandates and reduce administrative costs
associated with the typical paper trail that accompanies hand-written
signatures by up to 80%.
"Efficient application processes are critical as health insurers
prepare for the massive consumer migration from small group to
individual plans as part of healthcare reform”, commented Julia Webb, VP
of Sales and Marketing for VoiceVault. “Our voice signature solutions
are ideally positioned to make the process easier for both the consumer
and the insurer. This new contract is yet another validation of the
value of being able to generate a legally binding signature over the
VoiceVault is a private voice biometric company that focuses
exclusively on the development and deployment of voice biometric
solutions in the financial and healthcare sectors.VoiceVault is a US
based company (El Segundo, CA) with an R&D center in the UK.
VoiceVault's solutions use an individual’s vocal characteristics
for biometric identity verification over the phone, web, or via mobile
and smart device applications. They rely on the simple fact that
speaking is completely natural and effortless and that no two voices are
exactly the same. They enable the delivery of data and application
access control; transaction authorization; identity verification;
e-signature provision and out of band authentication solutions.
Biometric voice-based solutions enable business processes to
enhance multifactor authentication with something you are - your voice.
VoiceVault Inc.Melinda Ziemer (Marketing Manager)email@example.com(310)
Source: VoiceVault Inc.