Online Retailers are looking for ways to prevent fraud losses, TeleSign’s Phone Verification solution provides a strong and secure solution to preventing fraud.

With tough economic times effecting all industries, online retailers are starting to re-evaluate their losses from E-Commerce fraud and are finding them to be unacceptable. In order to maximize profit, online retailers must keep their operational costs as low as possible. Unfortunately, online credit-card fraud has a huge effect on operational costs. With every case of fraud, online retailers must use resources to correct the fraud that could be better spent in other aspects of their business. The unfortunate trend of increased online credit-card fraud has pushed online retailers to look for better security solutions for their online stores in order to keep fraud rates down.

Fortunately for online retailers, TeleSign’s Phone Verification is here for them. TeleSign’s Phone Verification service can provide an immediate, drastic decrease in the number of fraudulent transactions that pass through a company’s online store. Although fraudsters who prey on online retailers are very sophisticated in their ways, many are unwilling to provide their telephone number to complete a transaction, and will instead move on to an online store that does not require phone verification. This type of technology is something that is needed for online retailers who are suffering a great deal of loss due to fraudulent transactions. In addition, the voice prompts and SMS messages can be customized which is helpful in re-enforcing brand name.

For more information see the TeleSign booth at the Internet Retailer Conference in Boston. We will be at Booth #321 from June 15th-17th.