05/15/12 -- TeleSign, a marketleader in Internet fraud prevention and Intelligent Authentication,today announced an upgrade of its PhoneID solution for the UnitedKingdom and Germany. Online businesses use PhoneID to automatefraud prevention and protect against spam and fraudulent activity. TeleSign's patented PhoneID technology enables companies toidentify risky transactions by analysing and reporting a set of keyattributes associated with a phone number. This informationincludes phone type such as landline, mobile including pre and postpaid data as well as VoIP numbers, registration locationinformation and other many other parameters. |
Since higher rates offraud are associated with specific types of phone numbers, such asanonymous, location-independent telephone numbers, businesses areprovided additional levels of intelligence where they can quicklydecide to flag or block transactions from these phone types. Anonymous phone types, such as certain types of VoIP and prepaidmobiles, are often difficult to detect and frequently affiliatedwith high rates of fraud. The PhoneID data upgrade for the U.K. andGermany includes enhanced detection of each of these phone types,resulting in stronger fraud prevention.
TeleSign's roadmap includesseveral updates to PhoneID in the coming quarters, which willresult in even richer data sets. "The United Kingdom and Germany are just beginning to see thebenefits of using PhoneID as a fraud prevention tool," said CraigWhitney, Vice President EMEA. "We have access to global data assetswhich we convert to actionable intelligence for our customers. Thisis a real turning point in fraud detection and prevention.
Thisdata can be crucial in identifying fraud in many areas includingfinancial services and e-commerce transactions." Key Links TeleSign: PhoneID: products-demos/phoneid/phoneid-demo/ About TeleSign Every second, of every day, TeleSign protects the world's largestInternet and Cloud properties against fraud. TeleSign IntelligentAuthentication provides an easy-to-implement and powerful methodfor identifying and substantially reducing online fraud and spamusing the most widely deployed technology -- a user's phone. Thecompany protects 2.5 billion downstream users in more than 200countries, offering localization services in 87 languages. In 2011,TeleSign ranked #15 on the Deloitte Technology Fast 500 andwas named Visionary in Gartner's User Authentication MagicQuadrant.
TeleSign EMEA Headquarters Craig Whitney VP EMEA Email Contact +44 (0) 330 808 0081 PR Contact Brenna Lenoir TeleSign Corporation Email Contact +1 310 740 9671 Copyright @ Marketwire.
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