Reducing unauthorized transactions is critical to consumer confidence, and ultimately our success. With these new security tools, we help our merchants determine upfront, whether the transaction can be billed via Bill to Phone
Ponte Vedra, FL (PRWEB) August 6, 2009
As ILD continues to strengthen its leadership position in the payment and clearing industry, ILD Teleservices is rolling out iValidateSM,a new Bill to Phone validation and verification tool. This service enables merchants to validate unique security credentials prior to processing a consumer transaction.
"As ILD's client base has grown to include more digital merchants in the Information and Entertainment Transaction Billing (IETB) market, we continue to make it a core focus to deliver Bill to Phone services for e-commerce and other non-traditional telecommunications products and services with strengthened security for the consumer, for the merchants and for ILD," said Dennis Stoutenburgh, ILD President & COO.
The new web-based validation system allows merchants to verify a billing telephone number (BTN) with the Local Exchange Carriers (LECs) in real-time at the point of sale to ensure the billing record is "LEC billable" and authorized before accepting a Bill to Phone transaction and providing service.
"Reducing unauthorized transactions is critical to consumer confidence, and ultimately our success. With these new security tools, we help our merchants determine upfront, whether the transaction can be billed via Bill to Phone," said Stoutenburgh. In cases where a telephone number is returned as "unbillable", ILD Teleservices provides alternative methods of payment, including direct billing or advance payment options.
At the time of sale, ILD requires merchants to obtain from buyers a Letter of Authorization (LOA), which confirms certain personally identifiable information. With LOA data captured, iValidateSM, ILD's real-time validation and verification service, can uniquely identify, contact, or locate a single individual to ensure that the buyer is an authorized party directly associated with the billing telephone number, prior to a merchant processing charges. iValidateSM protects consumers by validating each sale and preventing the delivery of services to unauthorized accounts.
iValidateSM is part of an initiative by ILD Teleservices to improve the security of digitally phone billed transactions, preventing false signups and other irregularities that can lead to improper phone bill charges and billing disputes.
About ILD Teleservices
ILD Teleservices is a leader in the alternative payment processing industry, providing a convenient, simple and secure Bill to Phone payment alternative that allows consumers to purchase products and services online or over the phone by directly charging their phone bill, without disclosing personal financial data to each business. The rapidly growing ILD Teleservices network enables merchants to attract a new market of customers with an effortless payment experience that allows consumers to shop online without using a credit card. ILD Teleservices turnkey payment platform is tailored specifically for digital merchants and communications providers offering online content, long distance and collect calling, web hosting, Internet access, and other communications related services.
ILD Teleservices has partnered with more than 150 merchants to offer Bill to Phone payment services, a safe and convenient payment experience and its network includes more than 1,400 Local Exchange Carriers, including AT&T, Verizon, Qwest, Embarq and more. Millions of consumers and businesses rely on the safety and convenience of ILD Teleservices payment solutions when shopping online and over the phone.
Founded in 1996, ILD Teleservices is a division of ILD Telecommunications, Inc. headquartered in Ponte Vedra Beach, Florida with additional offices in San Antonio, Dallas, Fort Lauderdale and Atlanta. For more information, visit http://www.ildteleservices.com.