Telecentrex LLC has launched a new website, http://www.reducefraud.com/, that aims to help online merchants reduce the number of fraudulent transactions occurring on their websites.
Tim Paulino, Co-Founder and CEO of Telecentrex said, "With $3 billion dollars in online revenue being lost due to online fraud in 2006, as well as over $200 million lost by consumers, reducing Internet fraud benefits everyone. Everyone except the crooks, that is."
Among the services that ReduceFraud.com offers is a televerification solution that allows online merchants to confirm that the telephone number that a user provides is a legitimate, working telephone number before they can complete their transaction. Brandi Cummings, Co-Founder and Chief Content Officer of Telecentrex, stated, "Thieves are leery about providing a legitimate phone number that can be traced back to them. This solution weeds out fraudulent users before they get a chance to do any damage."