Lake Zurich, IL, August 16, 2018 –(PR.com)– Intelium Corp., today announced it has released a revolutionary new tool designed to combat online credit card fraud called VerifySpot (www.verifyspot.com).
VerifySpot is designed to help online stores prevent fraud by verifying that a buyer has physical possession of the card they used to make an online purchase and that they are within a reasonable distance of their billing address.
After checkout, the customer is instructed to download the VerifySpot app and confirm possession of their card. The app asks the user to take a picture of the front and back of their credit card which is uploaded to the VerifySpot servers along with the user’s real-time GPS location.
The merchant is then alerted to review the information for authenticity. VerifySpot does not take any action on behalf of the merchant and leaves the final transaction decision to the seller.
VerifySpot helps reduce chargebacks by verifying credit card possession and real GPS based location of the customer at the time of purchase. Unlike IP location methods which can easily be spoofed with a proxy or VPN, phone based GPS coordinates cannot be spoofed (and if they are VerifySpot detects it).
Privacy Built In
To ensure maximum privacy and card holder security, VerifySpot immediately deletes all customer data including scanned credit card images and GPS coordinates after it is accessed and examined by the merchant.
VerifySpot does not collect any customer information from the merchant. Data related to buyer verification is encrypted using 2048 bit encryption.
Free to Merchant and Customer
VerifySpot is 100% free. No strings attached, no up-sells and no spying.
Intelium Corp. created VerifySpot to combat fraud on their own services and they are making it available to everyone.
About Intelium Corp.
Founded in 2008, Intelium Corp. is a privately owned Lake Zurich based software company with over 10 years experience creating powerful tools for the domain name investment industry.
Intelium Corp. – Luc Lezon – [email protected]
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