Stopping fraud is a difficult process when done by merchants. Merchants have paid for personnel to hand verify purchases online. These personnel review the credit card information manually to verify. This is a long process and one that is not very efficient to use. Personnel can make mistakes during the verification process. This is normal as personnel are humans who all make errors at times. Additionally, there is no way personnel can verify all records. Thus, only about 25% of consumer purchases are verified by personnel. This means 3 out of 4 purchases are not verified and could be fraud. These companies have turned to online credit card verification. Online credit card verification is done through a service by a firm. This ensures that 100% of credit card purchases are verified and true. Online credit card verification is much more efficient than manual. This process is done in merely seconds and is all automated. Thus, personnel are not needed for online credit card verification. The online credit card verification process is done at checkout. The credit card verification begins with the card information. A credit card number, CVC, expiration date, and name are inputted. Then a box or next step pops up for credit card verification. This part of credit card verification requires a phone number. This is typically where fraud attempts are eliminated in online. Most people committing fraud do not enter a phone number online. The reason is they do not want a paper trail tracking them down. They cancel the transaction and credit card verification is completed. Some users answer the phone or SMS for credit card verification. Credit card verification continues with a secure pin number. Pin number is then entered online during the checkout transaction. If the pin is accepted, the online credit card verification ends. To keep credit card verification secure, this pin is a onetime use. Thus, people cannot use this pin for another credit card verification. Credit card verification service is offered by expert firms. These firms dedicate themselves to perfection verification of data. This is vital to provide the best credit card verification service. The credit card verification service may involve adding to site. This is where the pin section is added to the checkout process. This is an effective credit card verification service used by many. A million dollars has been saved by credit card verification service. Clients on a global level are using credit card verification service. TeleSign is a global leader in phone-based authentication and verification services with coverage in more than 200 countries and 50 languages. TeleSign serves some of the world’s largest and most prominent web businesses in social media, lead generation, classifieds, financial services, eCommerce and cloud-based services.
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