TeleSign, one of the leading companies dealing in Internet fraud prevention as well as Internet-based user identification, access, and authentication services, recently made an announcement that AlertPay, an international payments provider is now using TeleSign Telephone Verification as well as PhoneID products.

With the deployment of TeleSign's Telephone Verification, AlertPay is now able to bring down the rate of fraud by around five percent. This is quite a high figure considering the volume of business that AlertPay deals with on a daily basis. The enhanced ability to block non-fixed VoIP numbers with the help of TeleSign PhoneID has helped AlertPay bring down fraud rates by almost eight percent. All this while bringing down the strain on resources needed for a manual review. AlertPay has also found that just using Telephone Verification was quite effective keeping even the most basic of fraudsters at bay.

In a release, Mohammed Hashemi, Director of Product Strategy, AlertPay, said, "The beauty of TeleSign is that it provides a real-time identification that is relatively inexpensive, as well as scalable, so that we can apply it to a large number of clients without adversely affecting the user experience. The process is quick, convenient, and reliable."

TeleSign is one of the leading companies in Internet and cloud fraud prevention and web-based user identification, access, and authentication services. They provide services provide that are simple to use and strong means to identifying as well as significantly bringing down online fraud as well spam. This they do by using a large scale technology that can be deployed world over and that is a user's phone. TeleSign provides their services to companies irrespective of size and has some of the world’s biggest names in business on their roster. The company has handled over one billion authentication and verification transactions spread across more than 200 countries and in over 50 languages. This year TeleSign has managed to rank #15 on the Deloitte (News - Alert) Technology Fast 500ranking of the 500 fastest growing technology, media, telecommunications, life sciences as well clean technology companies that are based in North America.