IDMrisk is a machine learning software aimed against fighting online fraud. It leverages device analytics in real time to determine if a person’s mobile, tablet or desktop device is considered legitimate or is attempting fraud.

Phone Number Verification for a Streamlined Business

Soon there will be more phones than people. That may already be the case. Based on the latest statistics, 7 billion mobile devices are used among 5 billion users worldwide. This is expected to keep increasing since the world population is 7.6 billion.

Smartphone Usage

Smartphones have changed the way we connect with one another in the world. Since the introduction of the iPhone in 2007, they have revolutionized the mobile phone industry. Smartphones are used for convenience, entertainment, social interactions, online shopping and conducting business. Smartphones have created new possibilities in every aspect of life.

Mobile Commerce is on the Rise

Mobile commerce is the completion of a transaction on a mobile device. Its use has exploded and is expected to overtake other digital eCommerce platforms in the coming years. In 2017, mobile eCommerce sales accounted for 35% of total eCommerce sales. That number is going to keep growing. Mobile ecommerce sales are expected to reach 54% of sales by 2021. This means user reliance on smartphones will keep growing as well, making them a viable option for identifying individuals without the use of private personal information.

Mobile Phones in Developing Nations

In developing countries, mobile phones are extremely important. They offer connectivity to vital, out of reach services. With micro-payments on mobile phones, users from third world societies can connect to goods and services that they otherwise would not have access to. This means these otherwise disconnected populations are now a part of the global economy.

The Importance of Phone Number Verification

Phone number verification is a way to validate phone numbers as they are collected from different channels. It offers a way to identify customers without the use of sensitive personal data.

Are accurate phone numbers valuable for your business? They can be if your business relies on a telecommunication strategy. They are also important if you regularly interact with your customers via telephone. Interacting with customers in a timely manner can increase customer satisfaction, better retention, improved productivity and create lifetime value. All this is possible but first you must reach a verified customer.

A phone number verification tool can ensure that the numbers you collect are accurate and real. This will prevent you from wasting time calling or texting fraudulent phone numbers. Ultimately this will save you money because you will be maximizing your revenue opportunities, improving your customer experience, and increasing your business performance.

Nearly 91% of organizations suffer from data entry errors. As many as 77% of businesses believe this affects their bottom line. Phone number verification can help reduce the costs associated with these errors. Fake phone numbers are detected during the onboarding process and removed to maintain an accurate database. This will help your company streamline its sales, customer service, branding or marketing activities.

Phone Number Verification by IDMERIT

IDMERIT provides phone verification tools that will assist in determining your user base. Our tools will help detect incorrect number key-ins or invalid numbers in your native databases. They will also assist in flagging fraudulent accounts. This can speed up the onboarding process for legitimate users. They can also assist in fraud prevention by keeping out criminals.

Superior Data

IDMERIT offers a suite of identity verification tools that perform phone number verification. These solutions connect to a vast network of global data sources. Our data sources have unsurpassed access to mobile and landline phone data in a variety of countries. IDMERIT has access to mobile data in many countries where reliable data is often hard-to-find, inaccurate or out-of-date. Our data sources are routinely maintained for accurate phone number reporting for both individuals and businesses.

IDMERIT’s verification process is accurate, complete and error free. The products offered by IDMERIT can be integrated as a part of a robust fraud prevention management system.

If you need a next-generation global identity verification product, IDMERIT offers the best solutions. Put us to the test.