Sunday, November 25, 2007

Online Merchants Can Reduce Fraud

Telecentrex LLC has launched a new website,, 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 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."

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