LONDON, February 2, 2012 /PRNewswire/ --
CashFlows won the award for 'Best Security or Anti Fraud Initiative' at the Cards and Payments Awards held last night. These awards, which recognise excellence, innovation and customer service in the card and payments industry, were held at The Grosvenor House Hotel in London and were attended by all the key players in the cards and payments industry.
Cashflows, part of the Voice Commerce, won the award for VoicePay, their unique offering enabling customers to safely authorise financial transactions via a mobile phone using just a unique biometric "Voice Signature". By using voice to authenticate transactions shopping with VoicePay is completely secure, resulting in guaranteed protection against third party fraud and personal information loss.
In addition CashFlows core voice biometric systems were a finalist in three other categories including: Best industry innovation of the year, best merchant acquiring initiative and best technology initiative of the year.
Nick Ogden, CEO and founder of CashFlows, said: "This award is a great accolade for the CashFlows team as it recognises the significant opportunity VoicePay offers in the fight against fraud reduction for any business selling on-line. It is also a great encouragement to our customers to see that our payments innovation is now ranking ahead of some of our established banking competitors."
CashFlows, a Supervised Financial Institution and principal member of the Visa and MasterCard schemes, operates a range of payment processing solutions that support UK businesses in the management of their money.
Cashflows® delivers a range of business to business financial services that are provided from a single account, designed to help businesses manage and maximise their cash flow. The CashFlows® account enables businesses to offer their customers a full range of payment channels including, online, mobile, mail and telephone orders. The Cashflows® account is fully integrated into the VoicePay® mobile wallet service which delivers guaranteed transactions.
CashFlows® is a principal member of VISA and MasterCard and supplies payment card issuing and acquiring services.
CashFlows® is operated by Voice Commerce Limited, and is regulated by the Financial Services Authority. Based in Cambridge, England, it provides payment processing services to a wide range of businesses.