iovation Partners with Merchant911 to Educate Online Retailers About Device-based Fraud Prevention Solutions

Device Reputation Technology Helps e-Merchants Proactively Identify and Stop Fraudulent Transactions

iovation, the Device Reputation Authority™ for the Internet, and Merchant911, the premier Internet platform for educating eCommerce merchants about how to protect themselves against credit card fraud, today announced a partnership to promote the use of device-based fraud prevention solutions to mitigate the risk of online fraud within the online retail industry.

The partnership will introduce Merchant911’s member-based community of more than 3,800 online merchants to iovation’s ReputationManagerTM fraud management service, which uses device reputation technology to proactively identify fraudulent computers and stop scams such as credit card fraud, chargebacks, and shipping fraud that continue to plague the eCommerce industry.

“Merchant911 doesn’t endorse companies easily, but when I saw what iovation was doing to fight e-Commerce credit card fraud, I recognized it as a unique service,” said Tom Mahoney, founder and director of Merchant911.org. “Their device reputation service is a tool that nobody else offers and it can plug a huge hole in credit card fraud prevention for online merchants. iovation’s device reputation approach to fighting credit card fraud is unique in the industry. I see it as the best first line of defense against fraud.”

iovation’s ReputationManager device reputation technology allows online retailers to determine in milliseconds whether a transaction is coming from a computer that has been associated with fraudulent or abusive behavior in the past. The service is built on iovation’s shared Device Reputation AuthorityTM fraud network, which manages the reputations of more than 80 million unique computers and mobile devices worldwide. Businesses using this real-time service can immediately act on this information to prevent all forms of online fraud. The software as a service does not impact the end-user experience or require any personally identifiable information (PII), which protects the identity and privacy of consumers.

“Merchant911 has been a tireless advocate for educating the online retail community about fraud challenges and supporting solutions that protect merchants from credit card fraud,” said Greg Pierson, CEO of iovation. “Fraud continues to evolve and poses significant challenges to eCommerce. Online merchants need to be aware of new threats, as well as effective solutions to protect their business. We look forward to working with Merchant911 to keep online businesses informed.”

About iovation

iovation, headquartered in Portland, Oregon, pioneered the use of device reputation for managing online fraud and abusive behavior for a number of vertical markets including the online retail and financial services communities. iovation unlocks the power of device identification by sharing the reputations of more than 80 million unique computers and mobile devices worldwide, allowing businesses to reduce more online fraud and abuse while benefiting from sharing device reputation intelligence. Today, iovation performs more than 3 million fraud checks for its customers per day and will process over a billion reputation queries in 2008. For more information on iovation and the company’s products, visit www.iovation.com.

About Merchant911

Merchant911.org is a Web site dedicated to educating and helping eCommerce merchants in the fight against credit card fraud. Since 2001, Merchant911 has helped thousands of merchants protect themselves against fraudulent transactions and today helps over 3,800 merchant members in the fight against the ever-present bad guys. Merchant911 has been featured on CBS Evening News, National Public Radio, ComputerWorld, CNET News, and numerous trade publications. Director, Tom Mahoney, has contributed articles to the Merchant Risk Council (MRC) and is a member of the Panel of Advisers and a regular contributor to White Collar Crime Fighter. He is also the primary developer for an e-Learning Course, Preventing e-Commerce Chargebacks. For more information, visit www.merchant911.org.

Contacts

iovation
Stan Carlberg, 503-943-6751
stan.carlberg {at} iovation(.)com
or
Merchant911
Tom Mahoney, 717-669-1835
tom {at} merchant911(.)org