LOS ANGELES, CA — (Marketwired) — 11/13/13 — , the Mobile Identity Company, today introduced , a new reputation and scoring system that assesses risk based on a user-s phone number. PhoneID Score is updated dynamically, responding to user behavior, traffic patterns, reported fraud and global fraud trends.
Online companies use PhoneID Score to assess threats associated with a user-s phone number at account registration or during a transaction. Companies simply send a user-s phone number to TeleSign via its REST API to receive a real-time score, risk level and a recommendation. TeleSign-s clients use this predictive data to prevent scammers and fraudsters from abusing services such as creating fake accounts, and for approving online transactions with greater confidence.
“We each have a unique mobile identity tied to our phone number that is linked to a wealth of information, from where we live to our online activities. This makes the phone number the most efficient and conclusive method to identify fraud online,” said Charles McColgan, CTO at TeleSign. “PhoneID Score introduces a new way for companies to quickly verify transactions, block fake accounts, and prevent eCommerce fraud, based simply on a phone number.”
In addition to a numeric score, PhoneID Score also provides a recommendation to allow, flag, or block a transaction or registration. The recommendation and score can aide in making informed decisions about approving registrations or transactions, enabling companies to reduce fraud on their systems.
PhoneID Score is now available worldwide. Contact TeleSign for information on pricing.
Every second, of every day, TeleSign protects the world-s largest Internet and Cloud properties by establishing and verifying Mobile Identity.
Online companies use TeleSign-s Mobile Identity platform to preserve their ecosystem by detecting a suspicious user before account creation, and to better protect their existing user base from account compromise.
TeleSign is trusted by the world-s largest companies and protects 2.5 billion accounts in more than 200 countries and in 87 languages.
Brenna Lenoir
TeleSign Corporation
+1 310 740-9671
SHIFT Communications
Matt Nagel for TeleSign
+1 (415) 591-8403
Twitter: @MattSF
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