Credit card fraud is insanely frustrating. Quite often if you use an email only to verify transactions or user accounts on your system, it makes it very easy for a scammer to use a fake email address and stolen credit card details to make a transaction. This leads to lost revenue and charge back fees. Since mobile numbers are much harder to acquire, SMS verification is becoming the method of choice for verifying identity online.
Introducing SMS Fraud Protection
Fortune 500 companies, and trusted brands around the world are implementing SMS verifications into their systems. The reason why this is so effective is because in these modern times, everyone has their phones within arms reach at all times. If they do happen to lose their phone, along with their credit card details, their mobile device will likely be locked, or can be locked from a anywhere in the world. This makes the likelihood of someone successfully attempting identify theft very rare, and almost non-existent.
See how SMS verifications can help secure your business by giving Burst a try: