MaxMind and TeleSign Partner to Provide Best-in-Class Multilayer Fraud Prevention
LOS ANGELES, CA and BOSTON, MA--(Marketwire - Jan 17, 2012) - TeleSign, a market leader in Internet fraud prevention and user authentication, and MaxMind, a leading provider of IP geolocation and online fraud detection solutions, announce the availability of the minFraud service, integrated with TeleSign Telephone Verification and PhoneID.
The combination of MaxMind's geolocation and minFraud fraud-risk scoring services and TeleSign Telephone Verification and PhoneID delivers a best-in-breed alliance for fighting against a wide variety of fraud. Clients have already leveraged this joint solution through a single API that can call both services and in doing so they have dramatically reduced their fraud rates. This cost-effective solution is easy to integrate using open source APIs and can be activated the same day.
"We wanted to give clients a solution that can protect against a multitude of threats," said Jason Ketola, Business Development Manager at MaxMind. "Partnering with TeleSign, a fellow leader in fraud prevention, gives us confidence that we can provide customers with the security they need."
"Our joint solution has enabled clients to achieve significant, measurable reductions in fraud, spam, and chargebacks," said Darren Berkovitz, VP of Business Development at TeleSign. "We look forward to working with MaxMind to deliver innovative fraud fighting products in 2012 and beyond."
Founded in 2002, MaxMind is an industry-leading provider of IP geolocation and online fraud detection solutions. By providing the geographical location of Internet visitors in real-time, MaxMind GeoIP enables online businesses to target content, re-direct online traffic, analyze site logs, manage digital rights, and detect fraud. MaxMind's fraud screening service, minFraud, combines GeoIP's location information with IP reputation analysis, proxy detection, and the minFraud Network to create a robust, first line fraud detection solution. The minFraud Network indirectly shares relevant but non-personally identifiable risk factors among thousands of online merchants, allowing clients to reciprocally protect one another in real-time. For more information, visit www.maxmind.com
Every second, of every day, TeleSign protects the Internet and Cloud against fraud with Intelligent Authentication. TeleSign services provide an easy-to-implement and powerful method for identifying and substantially reducing online fraud and spam using the most widely deployed technology available worldwide -- a user's phone. TeleSign serves organizations of all sizes including some of the world's largest and most prominent web businesses. The company has executed more than one billion authentication and verification transactions in more than 200 countries and 87 languages. In 2011, TeleSign ranked #15 on the Deloitte Technology Fast 500T ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America.
For more information about TeleSign, visit www.telesign.com