I’ve known the team over at Intelium for years now, and if you’ve been reading my blog for a while you’ve probably heard me talk about one of their products quite a bit – EstiBot. Well I recently found-out about a new solution that Intelium initially started using internally, and, after seeing it work for themselves, decided to roll out as its own product.
I am a big fan of software that is born out of internal use because this honestly is where some of the best software is born. Think about it – if you find yourself running into a problem over and over again, and you have a development team that can built custom software, why not solve the problem yourself if the current solutions on the market aren’t getting the job done?
That’s exactly what Intelium has done with VerifySpot and I think they’ve come up with a pretty slick solution for preventing credit card fraud.
So what’s so special about it?
VerifySpot uses the realtime GPS location of the customer to make sure the person using the card is who they actually say they are.
“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 realtime GPS location.”
I don’t know about you, but I’ve had different credit card numbers stolen and used more times than I can count. I can also tell you that in most cases the person didn’t have a physical version of my card and they weren’t in the same location as me.
Right now Intelium is actually giving VerifySpot away for free and I couldn’t find any fancy upsells on their site so it looks like they really are just letting people use a solution they built for themselves, saw working, and made it publicly available. That’s pretty darn cool IMO, which is why I’m writing a post about it.
Congrats to Intelium and team, as someone who also runs a software company I commend them on taking something they used internally and letting the rest of the world use it.
Have you ever had your credit card number stolen and used by someone else? If so do you think a solution like this would have prevented it from happening? I want to hear from you, comment and let your voice be heard!