Internet fraud prevention and user authentication provider TeleSign and IP geolocation and online fraud detection company MaxMind have joined forces to create a multilayer fraud prevention service.
The minFraud service integrated with TeleSign Telephone Verification and PhoneID combines MaxMind’s geolocation and fraud-risk scoring services with the TeleSign verification services to fight various types of fraud.
Clients can use the product through a single API that pulls both services together to cut fraud rates. Integration is available through open source APIs, and clients can activate it on the same day.
TeleSign and MaxMind intend to release more joint products throughout 2012.