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TeleSign Helps Global Internet Payments Provider Fight Fraudsters and Ensure Online SecurityAlertPay Uses Telephone Verification and PhoneID to Reduce Fraud and Spam (October 25, 2011)
LOS ANGELES, CA -- (Marketwire) -- 10/25/11 -- TeleSign, a market leader in Internet fraud prevention and web-based user identification, access, and authentication services, today announced that global payments provider, AlertPay, is using TeleSign Telephone Verification and PhoneID products to reduce fraud rates by up to eight percent.
After implementing TeleSign's Telephone Verification, AlertPay was able to decrease its fraud rate by five percent -- a significant number given the volume of transactions AlertPay processes every day. The enhanced ability to block non-fixed VoIP numbers with TeleSign PhoneID enabled AlertPay to drive down fraud rates eight percent while alleviating the resource strain of manual reviews. AlertPay also found that just using Telephone Verification was effective in deterring most basic fraudsters.
"The beauty of TeleSign is that it provides a real-time identification that is relatively inexpensive, as well as scalable, so that we can apply it to a large number of clients without adversely affecting the user experience," said Mohammed Hashemi, Director of Product Strategy, AlertPay. "The process is quick, convenient, and reliable."
For more information, download the TeleSign AlertPay case study at http://bit.ly/t63sO0
Telephone Verification: http://www.telesign.com/products-demos/telephone-verification/
Phone ID: http://www.telesign.com/products-demos/phone-id/
TeleSign is a market leader in Internet and Cloud fraud prevention and web-based user identification, access, and authentication services. TeleSign services provide an easy-to-implement and powerful method for identifying and substantially reducing online fraud and spam using the most widely deployed technology available worldwide -- a user's phone. TeleSign serves organizations of all sizes including some of the world's largest and most prominent web businesses. The company has executed more than one billion authentication and verification transactions in more than 200 countries and over 50 languages. In 2011, TeleSign ranked #15 on the Deloitte Technology Fast 500 ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
For more information about TeleSign, visit www.telesign.com
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