Currently, online merchants and service providers have no choice but to rely upon the accuracy of the contact information that their customers provide to them; a fundamental flaw that facilitates nearly every form of Internet fraud.
"Criminals get away with using stolen credit card numbers for Internet transactions for one reason: retailers send receipts and confirmations to the e-mail address provided by the criminal, rather than the consumer who owns the card," stated the company's founder and president, Joseph Mogush. "iVeriFly makes it virtually impossible for anyone to use a fake e-mail address when buying something online, and will make the Internet a safer place for consumers and businesses alike."
In addition to credit card fraud, the iVeriFly system will prevent identity thieves from applying for credit cards and loans in someone else's name, as iVeriFly subscribers will not accept credit applications unless the applicant's e-mail address is verified as belonging to the person whose name is on the application. Without iVeriFly, banks have no way of knowing whether an application is being submitted by someone other than the actual consumer.
iVeriFly is very different from consumer identity theft services such as credit monitoring. "Those services are reactive, because they only alert consumers after a fraudulent transaction has taken place," stated Mr. Mogush. "iVeriFly is a proactive solution because it completely blocks fraudulent transactions from happening. Better still, the iVeriFly solution will be provided to consumers absolutely free of charge."
iVeriFly is now available as a subscription-based service to companies interested in protecting themselves and their customers from online fraud.
iVeriFly, Inc. is an innovative Internet technology company offering a groundbreaking identity verification service that represents a powerful and proactive defense against identity fraud. Any company seeking to ensure the validity of its online transactions should visit www.iverifly.com for more information.