An international payment processing company was looking for a way to enhance its approach to verifying large transactions to mitigate fraud and accurately identify individuals.
A growing number of voice carriers are making a move into the business messaging space. Application-to-person (A2P) messaging provides new revenue streams to carriers suffering in a challenging market.
XConnect helped the company to build a business case for deploying data that could validate a mobile phone number and accurately identify possible risk factors. It was able to demonstrate the value of mobile phone numbers in anti-fraud activities and the potential reduction in losses from fraud.
An A2P business messaging aggregator was starting its journey to deliver Rich Communication Services (RCS) in a western European market, targeting hospitality, transportation, and financial services markets with this new service.
We’re all aware that in the fight against fraud, two-factor authentication (2FA) is a key tool in the armoury…but it has to offer enhanced security without comprising on user experience.