What Company is Offering:
iovation Reputation Services are built on an advanced device identification and reputation management platform to prevent online fraud, abusive behavior, and unauthorized access to online services. The system flags suspicious and hard-to-spot associations among online accounts/transactions and devices. Members of our reputation network benefit from sharing fraud intelligence to proactively stop known offenders.
iovation Reputation Services consist of several solutions built on the underlying reputation management platform called Device Reputation Authority™ (DRA).
Why to use it:
If you’re serious about managing risk, protecting your brand and customers, iovation Reputation Services™ should become a key component of your best practices program for online fraud prevention and multi-factor authentication.
Why Is it Different:
Unlike other products that help e-commerce sites identify fraudsters, Iovation doesn't track personal information. In other words, it doesn't track people, it tracks computers.
It gathers data that tells a company which computers, hand-helds or cell phones have been responsible for credit card fraud, cheating at online games, stalking or other bad actions at Iovation clients' Web sites.
Iovation tracks more than 16 million devices for its customers, quadruple the number that the company tracked at the beginning of this year.
How Much They Got from VCs:
They got $10 million from Intel Capital, with the promise of another $5 million if it cannot find more investors. It is the first outside funding for the Portland software maker.
More at:http://www.iovation.com/
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