TeleSign’s phone verification, when implemented in the automated screening stage of an online transaction, can significantly cut down on the need for manual review of orders placed online.

In CyberSource’s 10th Annual Online Fraud Report, manual review of online orders is discussed as a fraud prevention strategy. The research done in the report indicates that “1 out of every 4 orders transacted online have been manually reviewed” and it also goes into the effects of this statistic as companies are forced to spend valuable time and resources on manual review of transactions. The report also discusses how online retailers employ some type of automated screening stage before they manually review a transaction. Even with the automated screening stage in place, there are still a great deal of transactions that go through the manual review stage.

TeleSign’s phone verification solution is a perfect candidate for the automated screening stage as it can help weed out fraudsters and prevent them from moving to the manual review stage and wasting precious time and resources.

For more about this phone verification cyber crime security technology solution, call us now at 800-850-3485 and speak to a phone verification cyber crime security technology representative.