TNS Unveils Unique Verification Solution TNSVerify
May 21 2013 - 9:30AM
Business Wire
Transaction Network Services (TNS) has added to its innovative
product suite through the launch of TNSVerify, a ground-breaking
solution that utilizes newly available telecommunications data to
help reduce risk and fraud in the US payments and financial
services industries. Professionals managing fraud, risk, and
compliance challenges for brick-and-mortar and online companies,
can benefit from unique telecommunication data insight and
capabilities in a single solution thanks to TNSVerify.
TNS has partnered with leading mobile and landline
telecommunications providers who together, recognize the inherent
problems and risks associated with establishing identity in
response to the defective grey market phone subscription data
currently serving the identity verification market.
TNSVerify enables the establishment of phone identities using
carrier-sourced subscription data from telecommunications
providers. With this information fraud and risk experts can make
quick decisions using mobile, landline, cable and VoIP phone
information to more accurately assess risk and handle transactions
reliably and efficiently.
“Previously, verifying and identifying customers based on their
telecommunication data was challenging for non-telecommunication
businesses”, said Surendra Saboo, CEO of TNS’ Telecoms Division.
“The consumer trend of migrating from publicly-listed landline
phone numbers to mobile, pre-paid and VoIP services increases the
difficulty of identifying a consumer in risk assessment and fraud
mitigation strategies because many of the consumers have
non-public, unlisted phone numbers.”
A verified-by-telco solution, developed in partnership with and
sanctioned by telecommunications service providers, TNSVerify
yields unmatched coverage in the fast growing, yet not publicly
listed, wireless, prepaid and internet VoIP telephone segments
without violating the privacy of subscribers. TNSVerify upholds the
privacy of personally identifiable telecommunication subscriber
data and complies with US privacy laws through a scoring approach
that enables businesses to easily check the authenticity of their
customer asserted information. The asserted identity is scored
directly against the subscriber records of the telecommunication
carriers.
Backed by a fully PCI-compliant global network that delivers 15
billion payment transactions a year, TNSVerify boasts the highest
security levels. TNS can reference accurate and current information
through its extensive relationships with over 1,100
telecommunications companies, including many of the US’ largest
mobile, VoIP, cable and landline telephone service providers.
TNSVerify is part of a comprehensive range of services TNS has
developed for merchants and the financial services industry. The
solution leverages TNS’ global reputation and unique strengths in
the payments industry, where it securely delivers transactions for
over a million merchants and retailer locations to the world’s
leading banks, acquirers and processors.
For further information about TNS please visit www.tnsi.com
Ends/…
About Transaction Network Services
TNS is a leading provider of data communications and
interoperability solutions.
TNS offers a broad range of networks and innovative value-added
services which enable transactions and the exchange of information
in diverse industries such as retail, banking, payment processing,
telecommunications and the financial markets.
Founded in 1990 in the United States, TNS has grown steadily and
now provides services in over 60 countries across the America,
Europe and the Asia Pacific region, with our reach extending to
many more. TNS has designed and implemented multiple data networks
which support a variety of widely accepted communications protocols
and are designed to be scalable and accessible by multiple
methods.
For further information about TNS, visit www.tnsi.com.
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