[May 24, 2013] TNS Launches TNSVerify Tweet May 24, 2013 (Close-Up Media via COMTEX) -- Transaction Network Services (TNS) has added to its product suite through the launch of TNSVerify, a solution that utilizes newly available telecommunications data to help reduce risk and fraud in the US payments and financial services industries. According to a release, 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 mobile and landline telecommunications providers that, 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. "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." More product information: www.tnsi.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]