PaymentOne Identity Verification Service

Merchants can deploy the IVS to prevent a consumer from using someone else's financial credentials, identity, credit card, bank account, PhoneBill or other payment devices in an unauthorized manner.

The new PaymentOne IVS integrates into a merchant's standard online checkout process via real-time XML APIs. During checkout the consumer provides their phone number and an additional piece of "out of wallet" information (e.g., last 4 digits of social security number, date of birth). In real time, this information is analyzed, cross referenced, matched and scored through PaymentOne's proprietary algorithms and databases to confirm the consumer's actual identity, relationship to that phone number and authority to incur charges on the proposed payment device. In real time, the merchant receives back a success or failure score that can be used to complete or redirect the transaction.

"With billions of dollars of losses to online business and consumers from fraud and identity theft, today's eCommerce process needs even more safeguards. We are pleased to launch this unique capability and continue to help our digital clients increase the profitability, safety and convenience of their online business," said Jennifer Truitt, Vice President of Product Management at PaymentOne.