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TeleSign and Telef?nica Announce Mobile Identity and Fraud Prevention AgreementTeleSign, the Mobile Identity company, today announced an agreement with Telef?nica to deliver the first in a suite of services to address account security and fraud prevention for enterprises and service providers in financial services, e-commerce, cloud and social media. These next-generation mobile identity solutions will jointly leverage TeleSign's proven products and infrastructure, along with Telef?nica's consent-based Insights, to increase account security, reduce fraud, and improve customer experience for consumers, while helping to manage costs for service providers. "With its market leadership and unique technology to secure mobile identity, TeleSign is a natural partner to improve our customers' experiences, while protecting them from fraud at the same time," said Phil Douty, Managing Director, Telef?nica Dynamic Insights. "The services we are launching together will have meaningful impact for consumers, banks and service providers, and are built on unique data insights only available from mobile network operators. The service will be optional for our customers, requiring consent for data to be used. This means that they remain in control of their data and how it is used." "Telef?nica has a strong history of innovation amongst mobile operators for delivering new services which benefit their subscribers," said Steve Jillings, CEO, TeleSign. "TeleSign is excited to join with Telef?nica to bring offerings to market that respect user privacy and make it easier for individuals to assert their identity in a simple and reliable manner." The first products resulting from the prtnership will be focused on leveraging phone verification and real-time country location information to help combat fraud and poor customer experience in payment card transactions at home, abroad and online. Legitimate cardholders will enjoy a swift and secure experience, while fraudsters will be frustrated, thanks to the secure link between TeleSign, Telef?nica and participating financial institutions. The solution does away with the need for special smartphone apps and works on any mobile device when traveling - once the customer requests the service, it automatically protects them from the minute they switch their phone on. The first commercial services are now available in the UK, with broader availability planned for the second half of 2015. About TeleSign TeleSign is the leader in Mobile Identity solutions, helping customers secure more than 3.5 billion end user accounts worldwide and prevent registration fraud, while improving user experience and managing costs. TeleSign delivers account security and fraud prevention with two-factor authentication based on each user's Mobile Identity (phone number, device and behavior) and driven by real-time, global intelligence, including reputation scoring and device data. To find out more, visit http://www.telesign.com or follow us on Twitter (News - Alert) - @TeleSign. About Telefónica (News - Alert) Telefónica is one of the largest telecommunications companies in the world in terms of market capitalisation and number of customers. With its best-in-class mobile, fixed and broadband networks, and innovative portfolio of digital solutions, Telefónica is transforming itself into a 'Digital Telco', a company that will be even better placed to meet the needs of its customers and capture new revenue growth. The company has a significant presence in 21 countries and a customer base of more than 316 million accesses around the world. Telefónica has a strong presence in Spain, Europe and Latin America, where the company focuses an important part of its growth strategy. Telefónica is a 100% listed company, with more than 1.5 million direct shareholders. Its share capital currently comprises 4.551.024.586 ordinary shares traded on the Spanish Stock Market and on those in London, New York, Lima and Buenos Aires.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150827005198/en/ |
