How TeleSign completes the Affirm tech stack
Affirm is a more flexible and transparent alternative to credit cards. Their model provides shoppers an alternative to traditional credit cards, giving customers the flexibility to buy now and pay over time at thousands of online stores.
eCommerce sites have added challenges today that typical brick and mortar retailers don’t. This includes verifying a customer is who they say they are without physical documentation at the Point of Sale (POS). Many risk management players in the marketplace specialize in a single offering, whether digital intelligence, authentication, preventing chargebacks, sending alerts, and notifications. Affirm needed a solution that covered the customer lifecycle to build a complete risk assessment within a matter of seconds by examining a consumer’s digital footprint and easily engaging with customers.
TeleSign is part of Affirm’s holistic approach to security. Affirm added TeleSign to its tech stack for its cohesion of solutions comprised of digital identity and programmable communications. The addition of data layered with additional providers generates risk assessments that enable legitimate transactions, leading to higher sales conversions. Offered at the point of sale (POS) at more than 6,000 merchants, consumers can opt to pay with Affirm and almost instantaneously receive a credit decision. To improve both the retailer and shopper experience, Affirm uses data points in the identification and fraud security stack, enabling Affirm to seamlessly process applications in less time.