30 April 2007 - New York and London. Biometric Security today announces that it has won a five year contract to provide its VoiceVault voice verification system to Voice Pay - a new global internet payments system being launched by Nick Ogden the founder of WorldPay.

Voice Pay will use Biometric Security's VoiceVault platform as a key technology within its payment authorisation process. Customers are enrolled in VoiceVault when they open their Voice Pay account. Subsequently, every time an account holder makes a payment they are voice verified by VoiceVault. The Voice Pay system is completely channel agnostic: it works via the mobile, fixed and voice over Internet phones, which opens up a wide range of new instant selling opportunities for retailers of all shapes and sizes.

Nick Ogden, Chief Executive of Voice Pay, says: "Today represents a major milestone in payment processing. By combining our anti-fraud engine with VoiceVault, we've created the world's first voice-verified, highly secure and easy to use payments platform - and that's great news for consumers and retailers alike."

Ogden added: "Voice Pay uses VoiceVault technology to verify the physical presence of the consumer at the time a purchase is made. This is inherently more secure than traditional online payment systems that rely solely on PINs or passwords that can be easily stolen or simply forgotten."

Online retailers will also benefit from the enhanced levels of security offered by Voice Pay. Typically, banks charge more for credit card transactions that take place over the Internet because of the greater perceived levels of risk involved. With the new VoicePay system, online retailers should see this rate reducing to the levels enjoyed by normal retail stores.

"We're delighted to have been chosen to deliver the core voice verification technology for this exciting new global payment solution. We believe that the Voice Pay system is what many millions of online customers have been crying out for," says Paul Lindsey, Chairman of Biometric Security.

VoiceVault uses spoken words to calculate 117 unique characteristics of a person's vocal tract to generate a unique biometric 'voiceprint'. By comparing voiceprints, the system can accurately verify a person's identity over the phone or Internet. It is already in use today in Europe and the US by banks, insurers and federal agencies. In July this year, ABN AMRO announced that it was implementing VoiceVault to secure it Dutch telephone banking service - used by 4 million customers.  VoiceVault is ISO 27001-rated and is the only biometric or voice verification system certified to issue EU advanced digital signatures, which have the same legal status as a handwritten signature within Europe.

"In these days of heightened identity theft and credit card fraud, Internet payments are still considered a red-light issue for financial institutions and e-commerce merchants. However, the Internet is changing rapidly with voice becoming a common feature and soon we'll have forgotten when we didn't talk online," concludes Ogden. "It's a real win-win-win for customers, retailers and the industry as a whole. It's good for the banks because it addresses their concerns and helps improve transactional identity and legitimacy. It's great for retailers because it should reduce their costs and of course, better security is great news for the consumer."

Voice Pay

Voice Pay is the only payment system that meets the multiple demands of Internet, Mobile and Retail transactions, underwritten by exceptional levels of authentication, security, and the unique patent-pending, Voice Pay Guarantee that allows individual consumer transactions to be signed and guaranteed instantly.

Voice Pay has been designed to make purchasing easier, cost effective and totally secure for all parties.  A Voice Pay account can be linked to a physical or virtual Visa or MasterCard.  For the merchant, Voice Pay charges an annual fee, a transaction processing charge and an additional charge for maintaining a Voice Pay mobile store database.

For more information, visit www.voice-pay.com

About Biometric Security

Biometric Security is a specialist and leader in voice-based biometric identity verification solutions. With operations in the UK, Ireland and the United States, the company has a global customer base of public and private organisations, such as government agencies, banks and insurers.

The company's flagship technology, VoiceVault, is the only voice verification platform certified and accredited to issue Advanced Electronic Signatures (voice digital certificates) and to be ISO 27001 rated.

VoiceVault provides a more convenient, practical and secure alternative to PINs, passwords or security tokens. As well as verifying an individual's identity over the phone or the internet, VoiceVault can be employed across a diverse range of business applications, including procurement, payment authorisation and corporate security. Organisations that deploy VoiceVault can deliver enhanced levels of service to their customers, increase security while optimising identity verification costs.

For more information, visit www.voicevault.com

Notes to editors - Biography - Nick Ogden, Chief Executive Officer, Voice Pay

Nick Ogden has been involved in the IT industry since 1985.  In 1993, he founded Multi Media Investments Limited, a technology research and development company that launched the Internet in the Channel Islands through Interactive Telephony Ltd. This led to the construction of Europe's first on-line store in October 1994 and the development of one of the first bank endorsed e-commerce initiatives BarclaySquare, in 1995.

Nick founded the multi-currency processor WorldPay and led the company through its growth to over 270 employees with 20,000 merchants in 120 countries and processing transactions in excess of $2bn per annum.  He invented the internet payment guarantee in 2001 guaranteeing Internet transactions for consumers and businesses. WorldPay was sold to the Royal Bank of Scotland in 2002.

Nick was a finalist in the UK Ernst and Young Entrepreneur of the Year Award in 2000 and 2002. In 2004 Nick was selected as part of the "Internet Decade", an event organised to recognise the contribution of around 100 individuals for their input and influence on the development and growth of e-commerce and the internet in the UK over the previous ten years and was nominated for the Computer World Global IT Leaders award in 2006.