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TeleSign Expands Intelligent Authentication Product Suite With PhoneID Contact
LOS ANGELES, CA, Jul 17, 2012 (MARKETWIRE via COMTEX) --
TeleSign, the market leader in Internet fraud prevention and
Intelligent Authentication, today announced the newest product in the
PhoneID suite, which helps online businesses block fraud by
delivering name and address details based on a phone number. PhoneID
Contact enables online merchants and consumer web services to
determine the risk level of a transaction in real-time, resulting in
reduced fraud and increased revenue.
The growth and convenience of eCommerce and consumer web services
have opened up the door for rampant fraud. Businesses struggle to
verify the identities of their customers with limited pieces of
information. PhoneID Contact returns name and address, phone type
(e.g., prepaid mobile, VoIP, landline, etc.), registration location
information, and an auto-corrected phone number. Access to this data
enables merchants to make real-time decisions, blocking fraud before
it results in lost revenue.
PhoneID Contact paired with TeleSign Verify, which sends a one-time
code to the user's phone, automates the fraud screening process and
ensures that the customer is in fact linked to the phone number used
during the transaction. This results in a significant decrease in
fraud and increased operational efficiency.
"With the growing number of online users, it is necessary that
merchants have access to correct data to determine the level of risk
associated with online transactions," said Charles McColgan, CTO,
TeleSign. "Leveraging multiple data sources, PhoneID Contact,
delivers unparalleled match rates on returned name and address data,
enabling businesses to quickly flag or block fraudulent activity."
About TeleSign
Every second, of every day, TeleSign protects the
world's largest Internet and Cloud properties against fraud. TeleSign
Intelligent Authentication provides an easy-to-implement and powerful
method for identifying and substantially reducing online fraud and
spam using the most widely deployed technology -- a user's phone.
TeleSign protects 2.5 billion downstream users in more than 200
countries, offering localization services in 87 languages. In 2011,
TeleSign ranked #15 on the Deloitte Technology Fast 500(TM). For more
information visit www.telesign.com
Media/Analyst Contact
TeleSign Corporation
Brenna Lenoir
TeleSign
Email Contact
+1 310 740 9671
SOURCE: TeleSign
http://www2.marketwire.com/mw/emailprcntct?id=5891AD3B463E4EEF
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