Payfone Delivers 73% Higher Verification Rates Than MNO Data

Payfone’s ability to assess the risk of a phone and its owner enables firms to remove unnecessary points of friction.

Boston, June 19, 2019 – Payfone’s mission is to facilitate fast, secure, and frictionless experiences across online, mobile, and contact center channels for a variety of customers, including financial institutions, merchants, insurers, and government agencies. The company delves into the intricacies of the telecom infrastructure and brings to bear a unique set of signals and analytics to enable identity verification, authentication, and fraud risk detection.

Designed to provide frequent, concise, and actionable insights, the newly launched Impact Brief is a complement to Aite Group’s research reports and will allow Aite Group to cover new topics and update information based on client feedback. To learn more about the topic covered in this Impact Brief, please contact us at [email protected]. Clients of Aite Group’s Retail Banking & Payments or Fraud & AML service can download this 13-page Impact Brief.

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