LISNR® Announces Biggest Innovation in Mobile Payments and Authentication

LISNR® innovation marks a significant milestone in the use of data-over-audio in financial services

Press Release updated: Oct 24, 2017 16:01 EDT

LISNR®, the global data-over-audio leader, announces the KAB® (Kilo Audio Bit), the first  data-over-audio solution to support data transmission speeds of 1,000 bits per second. This is the biggest technological advancement in data-over-audio since the emergence of the company’s first solution in 2012. This also marks LISNR® as the first truly viable solution for secure data transmission over audio in financial services.

For financial services, data throughput has been the number one limiting factor for securely sending information using audio. This component has restricted security and encryption capabilities as well as the speed to authentication or completing a transmission. Sending data at 1,000 bits/second with sound allows for EMV-like data transmission – in under a second, depending on the size of the data packet – making LISNR® a profitable alternative to NFC or the QR code.

“Our number one focus when driving our product innovation is how can we reshape the end-user experience while adding value for businesses,” says Rodney Williams, LISNR® Co-founder and CEO. “The payment industry has struggled with adoption rates  using overly complex solutions for seemingly simple user processes. Companies  such as Google, with the Google Tez product in India, have been trying to solve these challenges using audio. But they fall short in terms of data throughput and security. We’re excited to have built the first commercially viable solution for the financial sector and look forward to the future of data-over-audio.”

“The payment industry has struggled with adoption rates using overly complex solutions for seemingly simple user processes. Companies such as Google, with the Google Tez product in India, have been trying to solve these challenges using audio. But they fall short in terms of data throughput and security. We’re excited to have built the first commercially viable solution for the financial sector and look forward to the future of data-over-audio.”

Rodney Williams, LISNR® Co-founder and CEO

Originally called Smart Tones™ in 2012, our audio technology has evolved into the KAB® (Kilo Audio Bit), a feat that is 10 times faster than the closest competitor, enabling unparalleled encryption and speed to authenticate. LISNR® is formally making this announcement on-stage  and presenting a live demo at Money 20/20. They are also welcoming companies to beta test – request access to test at lisnr.com.

LISNR® Media Contact:

Deja Amato

Head of Marketing – LISNR®

[email protected]

330-647-1939

www.Lisnr.com

Source: LISNR

Powered by WPeMatico

You might like

About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
%d bloggers like this: