Data-Driven, Automatic Fraud Risk Decisions Lead To Higher Conversion Rates
Via is changing the way people get around in cities. Via is an on-demand transit system that takes multiple passengers heading in the same direction and books them into a shared vehicle.
Via understands how important it is to prevent account registration fraud in order to reduce fake accounts, promo abuse and use of stolen credit cards and invalid phone numbers. However, the ridesharing app was hesitant to deploy fraud prevention steps that would negatively impact good users to catch the smaller percentage of bad users.
Via deployed TeleSign’s powerful fraud risk assessment API, Score. During the app registration process, using the Score API, Via automatically verifies the user’s phone number, analyzes the phone number data, reviews the risk reputation score and makes an instant data driven fraud decision of whether to allow the registration or send a suspected bad user through additional verification checks prior to registration. Score helps Via filter out fake accounts prior to verification, which has led to higher conversion rates and more sustainable growth of real users.
Streamline Account RegistrationAdd Two-factor AuthenticationKnow Your CustomerPrevent Account TakeoverReduce Fake AccountsCustomer EngagementDeliver Appointment & Event RemindersBuild Two-way CommunicationsEstablish Trusted IdentitiesHost Peer-to-peer CommunicationsVerify Phone NumbersSend MessagesMinimize Fraudulent TransactionsEnable Secure Account Recovery
