Voice Recognition for Avoiding Credit Card Fraud!
The Technology
The voice card was designed specifically to prohibit fraud of online transactions. The first voice card has no microphone, instead it has a built-in speaker that gives emits an acoustic ID signal which is received by a computer's microphone and sent to an online server for processing.
The signal is then verified and after it matches the credit card details, the server establishes that the user is not just entering a credit card number but in fact possesses the actual card. In order to avoid frauds and recording of the beep to replay it later, the ID code changes each time the credit card is used in a pre-ordained sequence that only the server knows.
The new voice version includes the voice password that avoids use if actual credit card theft occurs since it is not easy to reproduce the owner's exact voice to make the credit card generate the beep. However, many ask themselves what happens if the owner is ill and has problems breathing or throat pain.
Battery Size
Voice recognition is usually used on cell phones by automatic voice dialing. The holder says the name of the person he or she wishes to call and the name is recognized, associated with a phone number and contacted by the phone that dials the number without further intervention of the cell phone holder.
However, the problem is to develop a voice recognition system with its audio circuitry and a suitable battery of a small seize that can work together for a significant period of time. And this seems to be causing huge problems. The consequence of this is the thick size of the prototype and the weight.
Another annoyance is that in order to maximize battery life, the system starts working only when a button on the side of the card is pressed. Only then the holder can utter the password so the card emits the corresponding beep. This seems too complicated for people to get used to and does not make the card at all attractive.
The idea is to enable the system to allow the holder to make up to 10 transactions each day for at least two years without the battery dying. Voice recognition has also been used for phone transaction before which is in turn a lot simpler because the credit card doesn't have to include the system on it. This new technology is promising, however, it needs to solve the issues explained before and the fact that the costs are yet too high to implement successfully.
Related Tags: voice recognition, avoiding credit card fraud, protect customers from identity theft
---
Sarah Dinkins is an Expert Loan Consultant in the financial industry that helps people to repair their credit and get approved for home loans, unsecured personal loans, student loans, consolidation loans, car loans and other types of loans and financial products. At www.badcreditfinancialexperts.com/article she is continually adding new finance articles useful for those in need of professional advice.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Phishing Baits - Is Someone Phishing for You?
Phishing is a term that you have probably heard before if you have been around the Internet for any - Identity Theft is the Fastest Growing Nationwide Fraud Today
Last year nearly 10 million identity thefts were reported, alone, in US. It is a nationwide growing - Avoid Becoming A Victim Of Identity Theft
Identity theft is the least understood of all problems, though this assumption of our identities for - How To Prevent Your Mail Being Used In Identity Theft
One of the methods that criminal get your personal information is through your mail, this can either - Drastically Reduce Your Risk of Identity Theft
This whole identity theft thing gives you the creeps, right? You're not only infuriated by, but terr - Where Have All The Corner Mail Boxes Gone? Identity Theft
Have you ever had a credit card stolen? Have you ever had your wallet stolen? Have you ever had your - Identity Theft - A Few Tips To Think About
When people think of identity theft, they usually think of having their purse or wallet stolen. The - Stop Identity Theft for Good
Identity theft is one of the most agonizing crimes that can happen to you if you have built any type - Your Credit Cards May Be at Risk - Few Tips to Prevent Credit Card Theft and Fraud
More and more people are using credit and debit cards when they go shopping. It is convenient to jus - Identity Theft Help - Lock out The Thieves
Millions of people will need identity theft help because their identity has been stolen this year an
Most viewed articles in this category:
- California Man Faces 101 Years in Prison for Identity Theft
A man in California is facing a prison sentence of up to 101 years after a jury found him guilty of - Identity Theft: 9 Tips Which May Help
Identity Theft: 9 Tips Which May Help1. Phishing Scams Awareness - these often take the form of e-ma - We Can All be Victims of Identity Theft
Identity crime is particularly on the increase and can have far-reaching and devastating consequence - Identity Theft White Paper from McAfee
A recent white paper released by McAfee entitled "Identity Theft" shows that there has been a dramat - Am I a Victim of Identity Theft?
Being a victim of identity theft is something that everybody should dread. Identity crime is increas - Identity Theft - The Time Bomb On Your Desktop
Way back at the very birth of PC software, programmers faced a major dilemma and that was, just how - Repair Your Identity Theft Problems
If you have been a victim of identity theft, have you gone through the process of restoration? No? t - Protecting Yourself from Identity Fraud
Your identity is extremely valuable. You need it to prove who you are for various purposes in your - Increase in Identity Theft Reports
McAfee reports a dramatic increase in computer security breaches leading to the loss, or potential l - Protect Yourself from Identity Theft
If you exist you will be compromised by Identity Theft. You can shred every piece of mail you receiv
