The answer is simple: online merchants cannot afford to not use phone verification. Without phone verification, merchants suffer from costly chargebacks due to fraudulent credit card information. This problem is more than an inconvenience, however. For most merchants, if their chargebacks are over one percent, they could receive fines from the credit card company, and even risk their site being shut down.

These consequences are too devastating for online merchants to not defend their businesses with TeleSign’s unique phone verification technology. In order to guarantee their frau rates are low, merchants can count on phone verification to scare away potential fraudsters. These criminals are consistently on the brink of cutting edge technology and often know how to mask their IP address to match their fake billing address; however they have no way to defraud the need for access to a traceable phone. By requiring customers to go through the phone verification process and provide their phone number where they receive a one-time PIN number to verify their identity, fraudsters will simply turn to less protected sites where they do not have to provide traceable information. Online merchants need to protect their companies, and phone verification is the answer.

For more about this transaction verifying SMS verification PIN delivery service solution, call us now at 800-850-3485 and speak to a transaction verifying SMS verification PIN delivery service representative.