How phone validation API helps prevent fraud
In the era of increasing scams and fraudulent activities, businesses are constantly on the lookout for robust methods to ensure security. Phone number verification API is a crucial tool that helps reduce the risks associated with fraudulent activities such as identity theft and financial fraud. In addition, this technology also aids in improving customer satisfaction and communication efficiency.
How phone validation API works
How phone validation API helps prevent fraud service uses global telecommunication databases to verify the accuracy and authenticity of a phone number in real time. This is a simple and seamless process that does not interrupt the user experience or impact data integrity. It also helps prevent spam calls and text messages and ensures that a given phone number is valid and active, thereby reducing fraud and improving security measures.
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The phone validation API checks the format of a number and retrieves various information such as line type (landline, mobile or VoIP), country and carrier details. It also identifies if the number is on a blacklist or on the verge of being ported to another network, which could indicate fraudulent activity.
Incorporating a phone number validation solution into your business system reduces the risk of chargeback fraud, as it enables you to link a legitimate phone number to an online transaction. Additionally, it helps prevent users from attempting to use a stolen credit card by verifying the legitimacy of their account. This also reduces the cost of resolving disputes and maintains a healthier bottom line for your business.