The combination of TeleSigns phone-based authentication and verification solutions with iovation’s ReputationManager 360 platform offers customers an additional level of confidence when deciding whether to accept or reject online transactions.
The joint offering is set to detect fraud and abuse in online consumer interactions, from purchasing goods via e-commerce websites to submitting an online credit application and joining online dating services. ReputationManager 360 analyses online transactions for its clients and flags questionable users based on the reputation and attributes of the devices they are using. If a transaction is considered potentially fraudulent, then TeleSigns Two-Factor Authentication service sends an automated voice call or SMS to the phone number on record with a one-time PIN code used to verify that the person conducting a transaction matches the user on record.
In addition, TeleSigns PhoneID provides details about a users phone number enabling customers to assess risk. Besides providing an automated mechanism for validating questionable transactions, the joint offering enables iovation customers to add two critical FFIEC (Federal Financial Institutions Examinations Council) compliance security layers, and provides an additional level of defence against Man in the Browser (MitB) attacks.
ReputationManager 360 manages the reputation of 900 million devices and 7 billion associated transactions, from computers to tablets to mobile phones, across a broad range of industries.
TeleSign has executed more than one billion authentication and verification transactions in more than 200 countries and 87 languages.
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