London, UK and Los Angeles, Calif. — May 14, 2013 — Sphonic.com, the UK-based technology vendor and TeleSign, an Internet security and authentication leader, today announced the integration and availability of TeleSign products in the Sphonic.com Risk Management Platform. This partnership enables Sphonic.com’s customers to assess the risk of a user based on critical mobile data as part of their WorkFlow Manager.
The integration of TeleSign’s PhoneID Live provides Sphonic.com with actionable data on any mobile number. PhoneID Live determines if a mobile phone is active and reachable, and returns the mobile carrier information, geographic information, roaming status and roaming country. As a key part of the Workflow Manager, PhoneID Live data enables businesses to efficiently mitigate fraud, reducing losses and protecting against events such as account takeover.
“TeleSign’s PhoneID Live provides businesses with accurate data about a mobile number to help verify legitimate customers. This process is frictionless and occurs in the background with no impact to the user experience, we are extremely delighted to add TeleSign to the Sphonic.Com vendor network.” said Riten Gohil, CEO, Sphonic.com.
“The Sphonic.com platform integrates leading fraud-prevention technologies into one simple API, allowing merchants to access crucial fraud data about their users in an easy manner,” said Craig Whitney, VP EMEA, TeleSign. “By adding PhoneID Live, global businesses will immediately see the benefits to their fraud-prevention decisioning processes. PhoneID Live data serves as a critical fraud signal to determine the legitimacy of any online transaction.”
PhoneID Live is available through Sphonic’s WorkFlow Manager which combines a variety of risk management technologies through a single API, allowing businesses to integrate faster and easier.
Sphonic.com is the trading name of Symphonic Solutions Limited. The company was recently established with backing from private investors to develop and launch Workflow Manager. With the growth in e-commerce, mobile payments and consumer wallets, alongside increasing concerns around customer security, the Sphonic.com platform has been created with the growing demands for digital security. Workflow Manager enables clients to integrate with its innovative big data vendor network through a single API. Sphonic.com also provides professional services and research & development consulting for financial services, eCommerce and mCommerce clients globally.
For more information, visit www.sphonic.com
Every second, of every day, TeleSign protects the world's largest Internet and Cloud properties against fraud. TeleSign’s security and authentication products provide an easy-to-implement and powerful method for identifying and substantially reducing online fraud and spam. The company protects 2.5 billion downstream accounts in more than 200 countries and territories, offering localization services in 87 languages and dialects. In 2012, TeleSign ranked #23 on the Deloitte Technology Fast 500™ and was named Visionary in Gartner’s User Authentication Magic Quadrant.