iconectiv launches PortData Validate platform

iconectiv, a subsidiary of Ericsson's Telcordia Technologies, launched PortData Validate, a platform that allows financial institutions, healthcare providers and other authorized businesses to leverage telephone number porting data as part of their assessment when verifying a customer’s identity, approving a transaction or disclosing information. The data, exclusively available from iconectiv or an authorized reseller of iconectiv’s PortData Validate service, is the nation’s only authorized service for businesses who need access to accurate and up-to-date phone number porting information for fraud mitigation and risk assessment, iconectiv says in a press release.

PortData Validate will provide information that businesses can use to assess risk before confirming a transaction by identifying the current service provider associated with a telephone number and recent porting activity. In addition, contact centers can leverage PortData Validate to mitigate the risk of identity theft and other fraudulent activity and, if needed, take additional steps to validate a caller’s identity.

Read more here.