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Experts Available to Discuss Credit Card Fraud and Small Online Businesses

June 28, 2005--(Business Wire)-- ExpertSource:

TOPIC: Credit card fraud is increasingly causing financial woes for many smaller online merchants, according to an article by USA TODAY. The National Retail Federation claims the recent security breaches among the large credit card issuers has resulted in small business owners paying the expensive bank charges when their products are purchased by stolen credit cards. While credit card-issuing banks waive fake charges and cash transfers for the consumer, the merchant must absorb that cost if the banks discover the merchant did not follow procedure to verify the consumer's identity. Larger online merchants say high-end security systems help keep fraud costs down.

EXPERTS: ExpertSource can offer several highly qualified experts to comment on this story:

Carl Clump is a global credit card fraud specialist with expertise in the many aspects of online credit card fraud and payment card risk management services. Carl has been chief executive of Retail Decisions since 1998. Previously, he was group-managing director at the Harpur Group Limited, an international processor and issuer of corporate cards and, before that, he spent 13 years with Texaco. His roles included those of European marketing coordinator, manager of the UK marketing and planning division and secondment, as general manager, to TEPAR, a consortium of European card issuing companies. PR Contact: Christine McIndoe, 201-556-9404, christine@cbkgroup.com

Julie Fergerson is the co-founder and vice president of emerging technologies at ClearCommerce Corporation. She is the technical inspiration behind ClearCommerce's integrated e-commerce risk management and payment processing solutions. Fergerson is among the few Internet elites with 20 years' experience. Now that the Web is reaching the mainstream on a global scale, ClearCommerce is poised to dominate the online transaction processing market. After six years at IBM, Fergerson puts her Internet experience to work mapping out the ClearCommerce technical vision. According to Fergerson, integrating the Internet sale with legacy systems, protecting retailers and consumers from fraud, and making online payments safe, secure and automated are key elements to the rise to leadership for ClearCommerce. Fergerson is also Chair of the Merchant Fraud Squad, a non-profit industry group dedicated to helping retailers fight Internet fraud. 512-977-5525, julief@clearcommerce.com

George Waller, EVP & cofounder of StrikeForce Technologies, is an expert on preventing online identity fraud for retailers and consumers. He can provide tactical insight on top-of-mind issues: preventing identity theft, protecting online credit card security, minimizing fraudulent write-downs, biometrics and the impact of the recent spate of massive credit card data theft. He co-founded StrikeForce Technologies, whose online identity assurance solutions help retailers and customers prevent identity fraud - before it occurs. It's the industry's only approach that attacks identity theft at the drawbridge - when accounts are opened, changed, and each time there's a new transaction. PR Contact: George Robertson, 617-969-9192, grobertson@corporateink.com

ExpertSource cannot guarantee the immediate availability of these experts or their familiarity with this specific issue.

ExpertSource provides academic and industry experts to the media at no charge. Journalists are encouraged to submit queries to ExpertSource when seeking experts on specific subjects. An online registration form is available at http://www.businesswire.com/.


Answer the Phone: Your Identity is on the Line

Beverly Hills, CA -- (ArriveNet - May 06, 2005) -- There hasn't been much good news in the battle against identity theft lately, with fraudsters staying one step ahead of the game. But don't panic, our old friend the telephone has come to the rescue.

We're all aware of the problem of identity theft, but did you know that your local pizza chain has had a solution for years? You recognize it as the system that prevents little Johnny from having twenty pizzas delivered to your door at midnight: the pizza chain calls you immediately after the order is placed to verify the validity of the order. Because little Johnny is afraid to be caught, he'll think twice about causing this pizza-related havoc.

TeleSign's patent-pending verification system has transferred this pizza concept to the high-tech world. It works like this: after filling out a form on a website, the user is prompted to enter his phone number. A robotic system then places a call to that number and speaks aloud a unique three digit code. Once that code is entered into the website, the authentication is complete. This system can be implemented at any point on a website: at registration, purchase, a specific time interval, or at the request of a user.

Email verification is the current standard for user authentication, but email may end up filtered, junked, bulked, or trashed. Because of spam, viruses, and phishing, email filtering has become so aggressive that even legitimate emails don't reach the inbox. But a telephone call cannot be stopped, making this the perfect time for the introduction of TeleSign’s solution.

The future of ecommerce is threatened by rampant fraud and lack of trust. TeleSign will force anonymous users to expose their faces by revealing their working phone numbers.

To try an interactive demo, visit (http://www.telesign.com/demo2/demo.asp) and have your phone ready.

For more information about TeleSign’s products and services, visit (http://www.telesign.com/demo2/) or email press2@telesign.com.

About TeleSign Corp.
TeleSign is a leader in innovative internet security solutions and provider of intelligent telephone-based verification solutions for any entity conducting business online where trust is essential and where fraud is a concern. TeleSign’s patent-pending Verification System provides a critical layer of security for the e-commerce world and is a proven deterrent against ill-intentioned web users. The company’s first product, the TeleSign Verification System, blends the latest internet, security and telephony technologies into a powerful new tool to combat fraud and enhance trust in e-business.

TeleSign Corp. seeks to provide simplified solutions for any company conducting business online where trust is essential and where fraud is a concern. TeleSign’s patent-pending Verification System provides a critical layer of security for the e-commerce world and is a proven deterrent against ill-intentioned web users. TeleSign’s Verification System is able to legitimize a web user’s claimed identification at a miniscule cost and with little inconvenience to all parties involved.

TeleSign’s Verification System is based upon the premise that ill-intentioned web users hesitate to disclose their working phone numbers. By placing a computer-generated telephone call coupled with a unique security code, we insist that a web user provide a legitimate telephone number or be rooted out. The company’s first product, the TeleSign Verification System, blends the latest internet, security and telephony technologies into a powerful new tool to combat fraud in e-commerce.


Visit http://www.telesign.com/demo2/ or call 310-276-5900 for more information.

TeleSign Corporation
Contact: Sam Gonen
Telephone: (310) 276-7843
Email: press2@telesign.com




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